SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

Pursuant to Clause 1, Article 70 of the Law on Social Insurance 2024 (effective from July 1, 2025), employees who have stopped participating in social insurance and have a request for lump-sum social insurance allowance if they satisfy one of the following conditions:

- Employees reach the retirement age but have paid social insurance for less than 15 years;

- Employees emigrate from Vietnam to a foreign country;

- Employees have one of the following diseases: cancer, polio, decompensated cirrhosis, severe tuberculosis, AIDS;

- Employees have ≥ 81% work capacity reduction; or severe disability;

- Employees who have paid social insurance before July 1, 2025 for less than 20 years and do not participate in voluntary social insurance after 12 months.

- The cases specified in points d, đ and e, Clause 1, Article 2 of the Law on Social Insurance 2024 (officers, non-commissioned officers, regular militia, etc.), is not covered by compulsory social insurance upon demobilization or resignation, does not participate in voluntary social insurance, and is not eligible for pension.

>> Thus, from July 1, 2025, the following subjects will not be eligible for lump-sum social insurance allowance:

- Employees who have paid social insurance for 20 years or more, except in cases of emigrating from Vietnam to a foreign country or suffering from one of the life-threatening diseases.

- Employees who have participated in social insurance before July 1, 2025 and have paid social insurance for less than 20 years but the period of leave from work is less than 12 months. Except for those who reach the retirement age but have not paid social insurance for 15 years, emigrate from Vietnam to a foreign country or have one of the life-threatening diseases.

- Employees who start participating in social insurance from July 1, 2025, after 1 year of unemployment, no longer participate in social insurance but have not paid social insurance for 20 years. Except for those who reach the retirement age but have not paid social insurance for 15 years, emigrate from Vietnam to a foreign country or have one of the life-threatening diseases.

- Officers, non-commissioned officers, regular militiamen, etc., when demobilized or resignation, are eligible for pension, except in cases of emigrating from Vietnam to a foreign country or suffering from one of the life-threatening diseases.

Related news

SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT
SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT

SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT

GLOBAL MINIMUN TAX IN VIETNAM
GLOBAL MINIMUN TAX IN VIETNAM

GLOBAL MINIMUN TAX IN VIETNAM

ISSUING ELECTRONIC INVOICES FOR RETURNED GOODS
ISSUING ELECTRONIC INVOICES FOR RETURNED GOODS

Issuing electronic invoices for returned goods according to decree 123/2020/ND-CP

TAX EXAMINATION, INSPECTION AT OFFICES OF TAXPAYERS
TAX EXAMINATION, INSPECTION AT OFFICES OF TAXPAYERS

Tax examination, inspection at offices of taxpayers

SUPPLEMENTING TAX DECLARATIONS  AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION
SUPPLEMENTING TAX DECLARATIONS AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION

SUPPLEMENTING TAX DECLARATIONS AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION

REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024
REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024

REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024

EXTEND TIME LIMITS FOR PAYMENT OF TAX IN 2024
EXTEND TIME LIMITS FOR PAYMENT OF TAX IN 2024

EXTEND TIME LIMITS FOR PAYMENT OF TAX IN 2024

EMPLOYEES' WELFARE
EMPLOYEES' WELFARE

EMPLOYEES' WELFARE

CONTINUE TO REDUCE 2% VAT UNTIL THE END OF DECEMBER 2024
CONTINUE TO REDUCE 2% VAT UNTIL THE END OF DECEMBER 2024

CONTINUE TO REDUCE 2% VAT UNTIL THE END OF DECEMBER 2024

TIME FOR ISSUING INVOICES AND DECLARING REVENUE OF EXPORT GOODS
TIME FOR ISSUING INVOICES AND DECLARING REVENUE OF EXPORT GOODS

The time of issuing e-invoices and declaring revenue of export goods according to official letter No. 4890/TCT-KK

GENERAL DEPARTMENT OF TAXATION GUIDES FOR TAX EXEMPTIONS, EXTENSIONS AND REDUCTIONS AFFECTED BY TYPHOON YAGI
GENERAL DEPARTMENT OF TAXATION GUIDES FOR TAX EXEMPTIONS, EXTENSIONS AND REDUCTIONS AFFECTED BY TYPHOON YAGI

GENERAL DEPARTMENT OF TAXATION GUIDES FOR TAX EXEMPTIONS, EXTENSIONS AND REDUCTIONS AFFECTED BY TYPHOON YAGI

HOW TO CALCULATE THE VAT REFUND FOR EXPORTED GOODS AND SERVICES
HOW TO CALCULATE THE VAT REFUND FOR EXPORTED GOODS AND SERVICES

HOW TO CALCULATE THE VAT REFUND FOR EXPORTED GOODS AND SERVICES