Accounting & taxation services in Vietnam: Tailored solutions for your business Doing business in Vietnam presents unique accounting and tax challenges for both domestic and international companies. The intricacies of Vietnamese regulations can be daunting, making it crucial to have a trusted partner who understands the landscape. Our firm specializes in providing comprehensive accounting and tax services in Vietnam, ensuring your business remains compliant and thrives in this dynamic market.

Why choose our accounting and tax services?

Why choose our service?
Why choose our service?

Deep Expertise in Vietnamese Regulations

Our team has extensive experience and a proven track record in navigating the complexities of Vietnamese accounting and tax laws. We hold relevant certifications and accreditations, ensuring our knowledge is current and our advice is reliable.

Client-Centric Approach

We understand that every business is unique, so we offer personalized solutions tailored to your specific needs. Our dedicated account managers provide ongoing support and maintain open communication channels, ensuring you are always informed and your concerns are promptly addressed.

Advanced Technology & Security

We leverage cutting-edge technology to enhance efficiency, accuracy, and data security. Our robust security measures and confidentiality protocols safeguard your sensitive financial information.

Our Accounting service
Our Accounting service

Core Accounting Services

We handle all essential tasks, from bookkeeping and accounting system setup to financial statement preparation in compliance with Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS).

Our management accounting and reporting services deliver the insights needed for informed decision-making. We also manage accounts receivable and payable, as well as fixed assets, ensuring streamlined financial operations.

Your books and accounting records are maintained in two languages: Vietnamese and English or Chinese

Monthly, quarterly & annually

Nominee Chief Accountant Service

In accordance with Vietnamese regulations, we offer a Nominee Chief Accountant service. This ensures your business has a qualified professional overseeing accounting functions, even if you don’t have a suitable candidate in-house.

Annually

FDI Reporting

In addition to tax and accounting compliance reports, Vietnamese Foreign Direct Investment (FDI) enterprises must complete and submit other reports to various agencies such as the Department of Planning and Investment (DPI), Management Board of Industrial Zones… and the Statistical Department. However, not every business is aware of these requirements. To address this, we offer FDI companies in Vietnam a comprehensive set of SIR reports.

Monthly, quarterly & annually

Audit support service

Following VAS guidelines, we will prepare a yearly financial statement. Additionally, extra audit duties could arise anytime during the year, especially for companies with foreign investments. In such cases, we are committed to helping you meet those standards and will collaborate with your chosen auditor.

Annually

Specialized Accounting Services

Our expertise extends to specialized areas crucial for foreign investors and specific industries. We offer seamless conversion and reporting under IFRS. 

Annually

Our Taxation service
Our Taxation service

Value-added tax (VAT) compliance

In Vietnam, the tax invoice, commonly known as a “red” invoice, is the central concept of VAT. Indochina Link Vietnam will help you fulfill the input and output compliance obligations for VAT, as well as assist with monthly or quarterly lodgments, refund claims for investors, and annual requirements.

Monthly and quarterly

Corporate income tax (CIT) compliance & return

We help you fulfill your ongoing corporate income tax obligations in Vietnam, which include quarterly provisional lodgments, annual finalizations, and monthly documentation for strategic planning and compliance. We will notify and counsel you regarding any substantial tax concerns and potential hazards that may arise throughout the year.

Quarterly and Annually

Personal income tax (PIT) for both expatriates and local employees

We will support you in the self-finalization of quarterly and annual PITs on your behalf. This includes preparing calculations, collecting the necessary documents, registering the documents with the appropriate tax authorities, and executing the required procedures.

Quarterly and Annually

Foreign contractor tax (FCT) withholding and reporting

Please be advised that you will be responsible for collecting the requisite information from the foreign contractor and submitting it to us for tax declaration and lodging. Subsequently, we shall handle the tax filing and ensure compliance with all relevant regulations.

Ad-hoc

Personal income tax (PIT) for both expatriates and local employees

We will support you in the self-finalization of quarterly and annual PITs on your behalf. This includes preparing calculations, collecting the necessary documents, registering the documents with the appropriate tax authorities, and executing the required procedures.

Quarterly and Annually

Common questions you should know about Accounting and tax services in Vietnam

Look for providers with a team of certified public accountants (CPAs) or chartered accountants (CAs) experienced in your industry. Additionally, ensure they have a strong understanding of Vietnamese accounting standards (VAS) and tax regulations.

 

 

Outsourcing can save money by eliminating the costs of employing, training, and managing employees. It also provides access to specialized skills and cutting-edge technologies without requiring a large initial investment.

Outsourcing accounting and tax services in Vietnam can also help you reduce your risk of non-compliance, and gain access to expert advice.

 

Depending on your needs, you can expect financial statements (balance sheet, income statement, cash flow statement), tax returns, management reports, and other customized reports that provide insights into your financial performance.

 

 

Non-compliance may result in fines, penalties, or legal action. It can also damage your company’s reputation, making it difficult to secure financing or attract investors.

The penalties for late tax filing in Vietnam include late payment interest and administrative fines. The amount of the penalty depends on the amount of tax owed and the length of the delay.

 

Yes, according to Vietnamese law, all companies are required to have a chief accountant who is responsible for overseeing the company’s accounting and financial reporting. To be a chief accountant in Vietnam, you must have a university degree in accounting or a related field and at least three years of experience in accounting. You must also obtain a chief accountant certificate from the Ministry of Finance.

The deadlines for tax filing in Vietnam vary depending on the type of tax:

Corporate Income Tax (CIT): The annual CIT return must be filed no later than the last day of the third month following the end of the calendar year or fiscal year.

Value-Added Tax (VAT): VAT returns are typically filed monthly or quarterly, depending on the taxpayer’s classification. The deadline for filing is the 20th day of the following month for monthly filers and the last day of the month following the quarter for quarterly filers.

Personal Income Tax (PIT):

  • For employees whose income tax is withheld by their employer, the deadline for filing the annual PIT return is March 31st of the following year.
  • For individuals who must self-assess and file their PIT, the deadline is April 30th of the following year.

To register for tax in Vietnam, you need to submit a tax registration dossier to the tax authorities. The required documents vary depending on the type of business entity.

Contact us today for a free consultation and discover how our accounting and tax services can benefit your business in Vietnam.

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