• VINA BOOKKEEPING CO.,LTD
  • info@vbk.com.vn
  • +84382752368

Recap : Mandatory compliance reporting of FDI enterprises

On February 18, 2025, VBK successfully organized a seminar on compliance reporting for FDI enterprises in Vietnam. The seminar was presented by Mr. Tran Cong Hung, Director of Accounting and Tax Consulting Services (Ho Chi Minh City Office), and Ms. Thieu Thi Chuc, Senior Manager of Accounting and Tax Consulting Services (Hanoi Office).

📊 Main content of the seminar:

• Types of reports that FDI enterprises must comply with in Vietnam.
• Deadlines for submitting reports according to legal requirements.
• Penalties for non-compliance.
• Risks and considerations when preparing reports.
• Discussions and sharing of practical experiences.

Mr. Hung and Ms. Chuc shared general regulations as well as practical experiences to help FDI enterprises clearly understand the regulations to avoid risks and enhance compliance.

🎉 Thank you to everyone who participated, and we look forward to seeing you at future seminars!
#FDI #Seminar #Accounting #Tax #Investment #Statistics #ForeignLoan

Related News

11 Tháng 02, 2025
Official Letter No. 471/TCT-KK dated February 5, 2025, from the General Department of Taxation regarding the Supplementary Declaration of VAT Returns

In the case where a taxpayer submits a supplementary declaration for the VAT return for the tax period of June 2023 on August 10, 2023, and the supplementary declaration only results in an increase in the deductible VAT amount for the tax period of June 2023, the taxpayer shall report this adjustment under item [38] “Adjustment to Increase Deductible Value-Added Tax from Previous Periods” on the initial VAT return for the tax period of July 2023. This is in compliance with the regulations, as it falls within the filing deadline for the VAT return of the July 2023 tax period.

11 Tháng 02, 2025
Official Letter No. 302/TCT-CS dated January 17, 2025, issued by the General Department of Taxation, providing guidance on foreign contractor tax (FCT) policy for DDU and DAP delivery terms

In cases where a goods supply contract is signed between a Vietnamese entity and a foreign contractor under DDU or DAP delivery terms, where the seller is responsible for transporting the goods to the delivery location designated by the buyer, and the contract does not include any services provided in Vietnam (such as installation, trial run, warranty, maintenance, etc., including cases where these services are provided free of charge), the contract is subject only to value-added tax (VAT) on goods at the importation stage and a corporate income tax (CIT) rate of 1% on taxable revenue. 

24 Tháng 01, 2025
Monthly newsletter in December 2024

VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN DECEMBER 2024 (VIETNAMESE AND ENGLISH) Details of attachments are here

13 Tháng 01, 2025
Official Letter No. 99/TCT-CS dated January 8, 2025, of the General Department of Taxation providing guidance on payment documents for VAT refunds

The General Department of Taxation provides guidance as follows: In cases where the Tax Department has issued VAT refunds for exported goods and services without non-cash payment documents, the Tax Department must recover the refunded VAT amounts that lack non-cash payment documents in accordance with the provisions of the VAT Law and tax administration regulations.

23 Tháng 12, 2024
Official Dispatch No. 6019/TCT-CS dated December 17, 2024, of the General Department of Taxation, Guidance on the issuance of invoices and declaration of VAT for collection and payment on behalf of others

Principles: In cases where a business establishment incurs amounts collected and paid on behalf of others, which are not related to the sale of goods or provision of services by the business establishment, the establishment is not required to declare or pay tax as per applicable regulations.

 

According to the Company’s explanation: In cases where suppliers issue VAT invoices indicating the Company’s name and tax identification number, and the Company subsequently requests the Partner to reimburse these amounts, the Company must issue a VAT invoice to the Partner, applying the VAT rate as stipulated by law. The Company is responsible for declaring input and output VAT in accordance with the applicable laws on tax management.

20 Tháng 12, 2024
Law No. 56/2024/QH15 dated November 29, 2024, of the National Assembly, amending and supplementing the Law on Securities, the Law on Accounting, the Law on Independent Auditing, the Law on State Budget, the Law on Management and Use of Public Assets, the Law on Tax Administration, the Law on Personal Income Tax, the Law on National Reserves, and the Law on Handling Administrative Violations

Accountants have the right to independence in accounting expertise and operations; to retain professional opinions in writing when they differ from decision-makers; to report in writing to the chief accountant or the legal representative of the accounting entity upon detecting violations of financial or accounting laws. If required to execute such decisions, accountants may report to the direct superior of the decision-maker or the competent state authority and will not bear responsibility for the consequences of executing such decisions.

18 Tháng 12, 2024
Official Letter No. 5874/TCT-DNNCN dated December 12, 2024, issued by the General Department of Taxation, providing guidance on personal income tax (PIT) policies for foreign individuals visiting Vietnam for the first time

In principle, in cases where the taxpayer is a foreign worker (from countries or territories that have signed an Agreement with Vietnam to avoid double taxation and prevent tax evasion on income taxes) who arrived in Vietnam for the first time in February 2022 and meets the conditions to be considered a resident individual in Vietnam, when finalizing PIT for the year 2022, the individual is required to aggregate their global income from February 2022 to December 2022. Simultaneously, the deduction for family circumstances for the taxpayer will be calculated for the period from February 2022 to December 2022 (calculated on a monthly basis). The individual is responsible for completing their tax finalization with the relevant tax authorities.

Contact Us