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Invoice (a.k.a VAT invoice or “Red Invoice”) is one of significant supporting document in terms of accounting and tax declaration for all enterprises when doing business in Vietnam. VAT invoice is required to register with tax authority prior issuance. The Company are free in designing e-invoice template following their desires. However, there are certain information […]
Doing business in host country involves with statutory compliance, where the enterprise is required to fully comply with periodical filings and submitting tax returns. Compliance Calendar is designed and aims to provide deadline of statutory report. Based on set schedule, the company can arrange for tax filings and submission on time in year 2023. Link […]
Doing business in a host country and earning income would revolve with taxation, and it is absolutely similar for all enterprise operating theirs business in Vietnam. Initial tax registration with the tax administrative department is treated as sending “greetings” from new-born company to the competent authority. The initial tax registration involves with: Accounting method and […]
Being considered as annual registration fee and paid in commencing of the year, Business License Fee (BLF) is required to be declared and paid when the company’s establishment is completed. BUSINESS LICENSE FEE LEVEL BLF level in Vietnam is determined based upon its registered charter capital, with details are elaborated as below: Level Charter Capital […]
Heading to non-cash etiquette in business environment, opening bank account for banking transaction is a must-do task prior commencing operation. E-banking, gradually, plays a key role and is utilized as a functional tool with multiple related services to facilitate all enterprises in doing business. Not aside from this trend, Vietnam-based enterprise is compulsory to open […]
Different from other country where the signature is used as a typical signal for “tie the knot” in business engagement, in Vietnam, the stamp specimen (or refer to the chop or the stamp) together with the physical signature, are fully formed the legal execution in terms of paperwork for business activities. Stamp consist of stamp […]
Nowadays, Vietnam is gradually recognized as an open market to attract foreign investment. By self-improving its infrastructure and public facilities, as well as being a member in certain international treaties to build-up cordial relationship with other countries and territories all around the world, Vietnam turns itself to become an ideal and strategic market for foreign […]
GENERAL Once obtaining the licenses i.e. Investment Registration Certificate (“IRC”) and Enterprise Registration Certificate (“ERC”) for the official legal base of Vietnam-based presence, there are several compulsory procedures that are required to be undertaken by the Company in order to put it in ready-to-operate status. They are named “Post-Licensing” procedure., in particulars: Stamp Arrangement Company’s […]