Benefits of Outsourcing your Corporate Tax Needs in Vietnam

  • Minimize your operational costs and administrative burdens

    Outsourcing your tax reporting needs to professionals in the field will reduce your operational costs and streamline your operations in Vietnam
  • Increase the flexibility and efficiency of your business in the long run

    Overall if your own internal team is able to focus on long-term goals and operations instead of burdensome bureaucracy your success will be long-term.
  • Get accurate reports submitted on time

    Our team has over ten years of experience in dealing with local corporate tax updates and regulations, meaning that under our care we will ensure your finances are taken care of smoothly.
Corporate Tax Services in Vietnam

We take pride in our multinational team of experienced and skilled professionals. Possessing knowledge of Vietnamese business processes and regulations, our accountants ensure tailored solutions to accommodate your business needs. We will always make sure that our tax reporting is based on your requirements and in accordance with the Vietnamese standard operating procedures and applicable laws.

Corporate Tax Advisory & Planning Services Vietnam – What you need to know

In terms of corporate tax reporting and compliance, your company should submit tax statements on a monthly, quarterly, and annual basis, according to your reported income. This reporting is compulsory regardless of whether you conduct any business activities and have any tax liabilities or not. Tax statements should be processed in a timely manner and with great accuracy for on-time submission.

About Corporate Income Tax in Vietnam

Corporate Income Tax Rates on Industries in Vietnam
Vietnam’s corporate income tax rate is a standard 20%. There are some exceptions: Industries operating in restricted industries have to pay up to 50% CIT, these include tariffs on Oil, Gas, and Mining. On the other hand, attractive tax incentives, or tax holidays, exist for companies investing in high-priority areas such as IT, High-tech manufacturing, and Agriculture. Further incentives can be applied when investing in what the government has defined as “underdeveloped” geographical regions of the country.

Our Corporate Tax & Compliance Services in Vietnam

Monthly, quarterly and annual tax reporting Vietnam

Monthly, quarterly and annual tax reporting

Focus on your bottom line and let us handle your accounting, e-filing, and tax obligations. We take care of the output value-added tax (VAT) i.e. invoices issued for clients, and input VAT (i.e. invoices issued based on services provided).

We submit a monthly & quarterly report that provides information on the number of invoices issued for clients as well as the number of canceled invoices. Furthermore, we provide calculation services for corporate income tax and personal income tax as well as advisory on deductible expenses.

Preparing Financial Reports Vietnam

Preparing Financial Reports

We take care of your monthly, quarterly, and annual tax reporting (including income tax and value-added tax). Our accounting and tax experts also prepare your financial statements by the end of the year. Furthermore, we classify and check the validity of all reports and whether they are in compliance with the local Vietnamese tax regulations prior to submitting the final financial statements.
Other tax compliance services

Other tax compliance such as Withholding Tax, internal tax accounting & More

In addition, we also take care of other tax compliance needs in Vietnam, such as withholding taxes and internal tax accounting, if required by your company. Withholding tax rates may be different between one company and another, depending on your contract & business setup.

Tax Auditing Vietnam

Corporate Tax Auditing

Tax auditing services is for companies that require professional assistance and support in preparing reports to be submitted to the tax auditing office in Vietnam. Furthermore, we help with the required FDI audit which is due every 31st of March by foreign companies who have invested and are operating in Vietnam

Your Success Plan in Vietnam

1 Submit Document

Submit Your
Information & Requirements

Tell us about your company
needs and aspirations in
Vietnam

2 Book Consultation

Book a Consultation
With Our Experts

Go over your plan with one
of our bilingual business
Consultants

3 Business Launch

Choose a Plan & Succeed
In Vietnam

Together we will expand
your business in Asia's
fastest growing economy

MEET OUR EXPERTS

Jason Ha
Jason Ha

Accounting Manager

Jason Ha is the Accounting Manager in our Vietnam office. He has gained experience in the accounting & finance field in international companies in Ho Chi Minh City for over 7 years.

Contact Our Consultants

Please send your question(s) by filling in this form. Our consulting team will quickly answer you via Email for a free consultation. Due to the current situation we are able to provide our services 100% online for everyone safety

Contact Form

FAQs

After your company is established, it is mandatory to submit monthly and annual reports even if you do not have any business activities and zero taxes.

The deadline for both the corporate income tax as well as individual tax returns is on 31st March.

The CIT rate is different depending on the type of business: 20% for standard CIT (the most prevalent CIT for most industries) and 32%-50% for oil and gas sectors, and other industries involved in extraction.

January 1 to December 31 is the standard financial year. However, given the special conditions, companies in Vietnam are allowed to adopt their own financial year. The alternative financial year can end on March 31, June 30, or September 30.

Assessable income. Contact our tax specialist to understand what is meant by assessable income.

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