Tax Compliance & Advisory

Tax Compliance Services in Vietnam

Contact us : info@vbk.com.vn

VINA BOOKKEEPING CO., LTD. (“VBK”), is one of the leading mid-tier accounting and advisory firms in Vietnam. Under its core purpose of being the firm of choice for growing businesses looking for high quality and personalized services, VBK provide expert services in incorporation, bookkeeping, accounting, taxes, and advisory to FDI enterprises in Vietnam. In two consecutive years 2018 – 2019, VBK is in the Top 10 largest accounting firms in Vietnam ranked by the Ministry of Finance.

We are committed to implementing our mission of Quality First (Quality First) and the spirit of Dedicated Service (Omotenashi) exceed customer expectations. Service quality has complied with international standards and commit to satisfy all customers.

Currently, our customers are FDI enterprises from over 22 countries around the world, including multinational companies and listed on the stock exchanges of the US, Japan, and Singapore.

Currently, we have two offices in Vietnam and have 52 professional experienced officers, including  7 ASEAN CPAs, 10 CPAs, 12 CPTs.

We were honored to receive the Certificate of Merit from Vietnam Tax Consultants’ Association (“VTCA”) for having many achievements in the development of the Association and supporting taxpayers to comply with tax policies in 2018 – 2022 and also received the Certificate of Merit from the Vietnam Association of Accountants and Auditors (“VAA”) for its outstanding achievements in the association’s contribution and development in 2019- 2022.

Scope of services:

1.1  Value Added Tax (“VAT”) Filling 

1.2  Withholding Tax (“WHT”) Filling 

1.3  Corporate Income Tax (“CIT”) Filling

1.4  Preparation of the disclosure of related parties transactions (Form 01)

1.5  Personal Income Tax (“PIT”) filing

1.1 Value Added Tax (“VAT”) Filling

• Obtain relevant documents and information provided by the Company which are required for preparation of quarterly VAT declaration and seek further clarification from the Company’s management (if necessary);
• Prepare quarterly statutory VAT declarations and send them to the Company for review and approval;
• Submit the quarterly tax declarations to the tax authority;
• Advise the Company on making tax payment; and

1.2 Withholding Tax (“WHT”) Filling

• Obtain relevant documents and information provided by the Company which are required for preparation of WHT declaration and seek further clarification from the Company’s management (if necessary);
• Prepare WHT declarations for each of making payment overseas and send them to the Company for review and approval;
• Submit the WHT declarations to the tax authority;
• Advise the Company on making tax payment; and

1.3 Corporate Income Tax (“CIT”) Filling

• Assisting the Company to prepare annual CIT return based on the Company’s provision of relevant information.
• Checking accounts and relevant supporting documents provided by the Company to ascertain that taxable revenues and deductible expenses have been correctly presented for CIT calculation purposes. As a result of this process, we will issue a letter addressing potential CIT issues, CIT risks and recommended courses of actions, the adoption of which will be the company management’s responsibility;
• Forwarding the draft CIT return to the Company for final review and approval;
• Submitting the CIT returns to the local tax authorities and advising the Company of making tax payments in due course.

1.4 Preparation of the disclosure of related parties transactions (Form 01)

Under Vietnamese transfer pricing regulations, Form 01 must be completed and lodged together with the Company’s CIT finalisation return. Positive disclosures in the declaration should help to reduce the risk of scrutiny by the tax authorities in relation to the Company’s transfer pricing.

Our scope of work under this assignment will be as follows:

• Assist the management in identifying the Company’s RPTs in accordance with the current transfer pricing regulations based on the information and documents provided by the Company;
• Discuss with the Company and compile the necessary data on values of the RPTs for disclosure in Form 01.
• Assist the Company in handling queries raised by the tax authorities in relation to the disclosures provided in Form 01. This will not be a defense, on the Company’s behalf, of its transfer pricing policy.
• Our deliverables under this assignment will be the completed Form 01 for the Company.

Please note that the above services are exclusive of preparation of TP documents as required by Decree 132/2020 ND/CP date 05 Nov 2020. Upon request, VBK would also assist the Company in the additional scope and fee services.

1.5 Personal Income Tax (“PIT”) filing

PIT declaration and finalisation under the Company’s tax code (only having one source-income from the Company).

• Monthly/quarterly PIT declaration
  • Obtain relevant documents and information provided by the Company which are required for preparation of monthly/quarterly PIT declaration and seek further clarification from the Company’s management and/or its delegates (if necessary);
  • Prepare monthly/quarterly statutory PIT declarations and send them to the Company for review and approval;
  • Submit the monthly/quarterly tax declarations signed by the Company to the tax authority;
  • Advise the Company on making tax payment; and
• Annual PIT finalisation return
  • Provide the Company a checklist to obtain necessary information and documents required for preparation of the annual tax finalisation return that have not provided to us on a monthly basis;
  • Prepare draft tax finalisation returns and send to the Company for its review and approval;
  • Lodge the annual tax finalisation returns signed by the Company to the tax authority;
  • Advise on making payment for any tax shortage per the tax finalisation returns;
  • Draft letters confirming annual income paid to employees, and certificates of tax withholding by the Company to resigned employees and other applicable cases that are required for their own tax finalisation purposes.

Our service is always provided by the experienced team with many years providing services to Japanese enterprises and FDI, have full Tax certification and Certified Public Accountant (CPA) certification issued by the Ministry of Finance and the General Department of Taxation. We are committed to service quality is above all (Quality First), and the spirit of dedicated customer service (Omotenashi).”