Official Letter No. 7813/CCTKV.XVI-QLDN2 dated May 16, 2025 from the Regional Tax Sub-Department XVI regarding Personal Income Tax (PIT) policy for health insurance and life insurance premiums, as follows:

by KMC Consulting Company Limited

  • In the case where a company purchases non-mandatory insurance products for its employees without cash value accumulation, the corresponding insurance premium amount shall not be included in the employee’s taxable income for PIT purposes, in accordance with regulations.
  • In the case where a company purchases life insurance for its employees, and the insurance is non-mandatory but includes cash value accumulation, as described by the company, the insurance premium shall be treated as taxable income when determining the employee’s PIT obligations.

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