COMPREHENSIVE ACCOUNTING & TAX SERVICES

Accounting and tax system

COMPLIANCE ACCOUNTING AND FINANCIAL MANAGEMENT

Accounting and Bookkeeping

We review the provided accounting data and input it into accounting software (or your business’s software upon request). Your accounting books and documents are maintained in Vietnamese for Vietnamese enterprises, or in both English and Vietnamese as requested.

  • Register the accounting regime for the business
  • Set up an accounting system suitable for the requirements of each business sector
  • Recheck the validity and legality of invoices and documents
  • Record accounting entries for arising transactions
  • Print accounting books, or export accounting book data files in Excel for storage

Monthly and Annually

Prepare Financial Statements

We will prepare a set of financial statements according to the Vietnamese accounting standards that fully and reasonably reflect the data arising from business activities. The financial statements are prepared to reasonably represent the financial situation, helping businesses always be ready and confident in providing necessary information externally.

  • Review and summarize all accounting data for the year
  • Advise on detecting unreasonable financial data that pose risks to the business
  • Prepare financial statements
  • Submit annual financial statements to authorities such as tax, statistics, and audit

Monthly and Annually

Support in Working with Auditors

The obligation to audit financial statements may arise annually for companies with foreign investment. In such cases, we will support in working with the designated auditors of the business.

  • Attend and participate in audit planning meetings with the auditors
  • Provide requested information that we have available to the auditors
  • Advise clients on the results of audits
  • Submit annual financial statements to authorities such as tax, statistics, and audit

Annually

ANNUAL TAX OPTIMIZATION COMPLIANCE

Value Added Tax Declaration

Value Added Tax revolves around Tax Invoices (also known as red invoices). We will support you in meeting input and output compliance obligations for VAT declarations, managing monthly/quarterly payments, requesting tax refunds if applicable, and other annual VAT requirements.

  • Collect input, output invoices, and necessary information
  • Prepare monthly or quarterly VAT returns and submit them for approval
  • File monthly or quarterly VAT returns with tax authorities
  • Notify the amount of tax payable and handle issues related to tax payable
  • Explain VAT matters to tax authorities upon request

Monthly, Quarterly, Annually

Corporate Income Tax Declaration

We help you meet corporate income tax obligations in Vietnam, including annual finalization, quarterly provisional payments, and monthly documentation for compliance and strategic planning. Monthly, we will alert and advise you on any important corporate income tax issues and potential risks.

  • Collect necessary information, determine deductible expenses for tax calculation
  • Advise on and handle issues related to corporate income tax
  • Prepare annual corporate income tax finalization and submit for approval
  • File corporate income tax returns with tax authorities within 90 days from the end of the financial year
  • Notify quarterly and annual tax payable amounts
  • Explain corporate income tax matters to tax authorities upon request

Quarterly, Annually

Personal Income Tax Declaration

We will handle quarterly personal income tax declarations and annual finalization, including preparation, necessary documentation, submission to relevant tax authorities, and execution of necessary procedures.

  • Collect income and salary information of personnel
  • Prepare quarterly personal income tax returns, submit and notify the amount of tax payable
  • Review annual income of personnel, prepare annual personal income tax finalization and submit for approval
  • File personal income tax returns with tax authorities within 90 days from the end of the financial year, notify the amount of tax payable upon annual finalization
  • Advise on cases of excess tax payment, tax refunds, or carrying forward excess personal income tax to the next year
  • Explain personal income tax matters to tax authorities upon request

Monthly, Quarterly, Annually

Withholding Tax Declaration (if applicable)

Please note that you will be responsible for collecting the necessary information from foreign contractors and sending it to us for tax declaration and payment if applicable.

  • Advise on withholding tax when you notify of foreign payments
  • Prepare appropriate withholding tax returns and submit within the prescribed time, notify the amount of contractor tax payable
  • Explain withholding tax matters to tax authorities upon request

As Needed

Excise Tax Declaration

We will handle the annual excise tax declaration based on the registered capital and any affiliated units your entity has.

  • Collect necessary information related to excise tax declaration
  • Determine if the entity is required to file an annual excise tax return, then prepare and submit the tax return (if applicable) to local tax authorities
  • Notify and guide on the amount of tax payable and the payment deadline before January 30 each year

Annually

Dedicated support

Our experts provide consulting support on accounting and tax issues through convenient means for you: email, chatbox, phone, online meeting, and in-person, promptly and timely to meet your needs.

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