OFFICIAL LETTER 668/TCT-TNCN DATED 27 FEBRUARY 2018 OF GDT GUIDING INSURANCE REMIUM CONTRIBUTED ABROAD
Official letter 668/TCT-TNCN dated 27 February 2018 of GDT guiding on insurance premium contributed abroad excluded from PIT taxable income:
In case, where foreign individuals who are residents of Vietnam earn salaries or wages paid abroad, they shall be obliged to pay compulsory insurance premiums of the countries where such individuals bear the same nationality. For compulsory insurance in Vietnam such as social insurance, health insurance, unemployment insurance, compulsory professional liability insurance and other compulsory insurance (if any) that is deducted from the personal income tax of individuals. Individuals need to produce documents evidencing the insurance paid in foreign countries to have deductible basis when calculating personal income tax
