PAYROLL, SOCIAL INSURANCE & PERSONAL INCOME TAX (PIT) SERVICES

During the course of business operations, enterprises are responsible for fully complying with legal regulations relating to labor, social insurance, and taxation for their employees.

Under current regulations, employers are required to register and make mandatory contributions for employees, including Social Insurance (SI), Health Insurance (HI), Unemployment Insurance (UI), and other compulsory contributions as prescribed by law. In addition, enterprises are required to declare their labor utilization status and fulfill other related obligations to the competent government authorities.

Furthermore, enterprises must comply with the regulations governing Personal Income Tax (PIT) by accurately calculating, withholding, declaring, and finalizing PIT on behalf of both Vietnamese employees and foreign employees in accordance with applicable tax laws.

Complying with these statutory obligations not only helps businesses minimize legal risks and administrative penalties but also contributes to building a transparent and professional working environment while enhancing employees’ confidence and trust.

With Q.P.T Tax Agent’s Payroll, Social Insurance & Personal Income Tax Services, we act on behalf of your business to perform all related payroll, social insurance, and PIT procedures accurately, promptly, and in full compliance with current regulations. Our services help reduce administrative workload, optimize internal resources, and allow your business to focus on its core operations and sustainable growth.

Scope of Services Provided by Q.P.T Tax Agent

Monthly Payroll Processing	Based on the Labor Contract, Timesheets, and other relevant information provided by the client, calculate the monthly payroll, compulsory insurance contributions, and Personal Income Tax (PIT). Prepare and send monthly payslips to employees.
Labor and Insurance Procedures	Register new employees for compulsory insurance. Process retroactive insurance contributions due to discrepancies in the number of employees, salary levels, or late declarations. Adjust the salary used as the basis for insurance contributions due to salary increases or decreases. Submit labor fluctuation reports every six months. Report employee decreases/terminations for insurance purposes. Complete social insurance book closing procedures for employees leaving the company.
Personal Income Tax Procedures for Salaries and Wages	Declare and pay PIT arising during the quarter. Prepare and submit the company’s annual PIT finalization report. Register Personal Tax Identification Numbers (PIT IDs) for employees who do not yet have one. Register dependents for employees. Prepare income confirmation letters for employees leaving the company. Issue PIT withholding tax certificates.

Benefits of Using Payroll, Insurance and Personal Income Tax Services

Based on our experience in providing consulting and services to many businesses, Q.P.T Tax Agent has found that most businesses, especially newly established ones, often encounter errors in payroll processing and in fulfilling their insurance and Personal Income Tax (PIT) obligations. Common mistakes include incorrect application of salary regulations, inaccurate calculation of Personal Income Tax, incomplete or untimely insurance declarations, and failure to promptly update the latest legal regulations.

These errors may not be detected immediately during business operations but can become apparent when the business undergoes a financial statement audit, tax finalization, or inspection by the relevant authorities. In such cases, businesses may have to amend their records, pay additional amounts due, incur late payment interest and administrative penalties, and spend significant time and costs to rectify the issues.

Using Payroll, Social Insurance & Personal Income Tax Services helps businesses build and standardize their entire payroll system from the outset, ensuring that payroll calculation, social insurance declarations, and Personal Income Tax (PIT) are handled accurately, completely, and in compliance with applicable laws and regulations. At the same time, businesses can stay up to date with changes in policies and regulations, minimize legal risks, reduce administrative resources, and establish a solid foundation for audits, tax finalization, and sustainable development in the future.

Q.P.T Tax Agent is committed to providing fast, accurate, confidential, and compliant Payroll, Social Insurance & Personal Income Tax Services, helping businesses reduce their administrative burden, fully comply with legal requirements, and optimize resources for their business operations.