COMPLIANCE & IMPLEMENTATION

Doing business in host country involves with statutory compliance, where the enterprise is required to fully comply with periodical filings and submitting tax returns. Our compliance service will look after this field, whilst implementation service will sketch out appropriate process for business operation as well as providing bespoke advisory.

The tax regime is different from countries to countries and regulated in each nation’s tax laws. In Vietnam, we often hear about Value-Added Tax (VAT), red invoice (due to its color), a.k.a VAT invoice and Corporate Income Tax in business. 

On periodical basis i.e. monthly or quarterly, the enterprise is required to file tax returns via tax portal and settle tax liabilities if incurred. Failing to meet deadline of tax submission and payment will result in penalty from Vietnam authority.

Tax declaration is prepared based on actual supporting document, from VAT invoice, bank statement and reflect your company’s situation up to date. Tax records are used for year-ending finalization and act as evidence supporting document when having tax visit. The company, accordingly, is required to be compliance with these procedures.

Our compliance services

Tax Compliance

• Periodical Compliance

• Year-ending finalization

Implementing Process

• Processing designation

• Advisory