Valued Added Tax (VAT) refund service for a China electronics manufacturer in Dong Nai province, Vietnam

Tax refund service, tax compliance, accounting, tax
Valued Added Tax (VAT) refund service for a China electronics manufacturer
Client
China Electronics Manufacturer
Date
2024
Services
Value Added Tax Refund
Our Role
Tax Service Provider
The trade war between the US and China significantly impacted a China electronics manufacturer, pushing them to swiftly find solutions to minimize business disruptions.

Vietnam became their top choice for expansion. However, being unfamiliar with the Vietnamese market and pressed for time, they engaged us as corporate service providers to quickly establish their finance and tax departments.

challenge

Regarding tax refund issues for Vietnamese manufacturing companies, there are some typical problems to closely follow the building time indicated on their Investment Registration Certificate (“IRC”) and suitably organize the capital investments, which directly influences the tax refund later.

For ourselves, with newly built factories, we typically provide a set of services where we may cross-reference another. In this case, we only provide tax refund for them based on client internal accountant data; and they expect the maximum VAT return as possible.

solution

First, we will keep updated on the building projects using standard questions; or they may bring up any issues that they think might impact the tax refund.

To be continue…

results

 

(to be updated…)

Services provided:

  • Initial Registration
  • Value Added Tax refund