Vietnam Tax Services | Tax Advisors In Vietnam

Tax Advisory & Planning Services in Vietnam, Accounting Services (Tax Reporting) Package Prestige is understood as a service activity, i.e. an accounting service for Enterprises. In Vietnam, LHD Services has provided this accounting service to more than 680 guests in its 15 years of operation.

Accounting services are defined as any service activity that deals with the Enterprise's bookkeeping. These activities are common in Vietnam; however, service providers must obtain the approval of the state management agency in order to execute.

WHAT IS INCLUDED IN THE ACCOUNTING PACKAGE?

ACCOUNTING PREPARATION

•           Consultation on the structure of the accounting process, preparation and transfer of documents

•           Review of incoming and outgoing invoices

•           Classification and systematization of accounting documents

•           Preparation of quarterly/annual financial reports. To you, if the Client asks for it

•           Print accounting documents

•           Prepare management reports as needed (additional charge as required by the client)

•           Register as a Chief Accountant (additional fee if required by the Client)

•           Prepare financial statements

TAX DECLARATION

•           Monthly/annual VAT return

•           Monthly/Annual VAT return

•           Fill out CIT/PIT

•           Declare other taxes such as license tax, income tax

•           Fill out tax codes for employees

•           Notification and calculation of tax amount on accrual

EXPLANATION OF ACCOUNTING DATA

•           Explanation to auditor

•           Explanation to tax authorities

•           Explanation to other competent authorities

→ LEARN MORE ABOUT THE CURRENT TAX LAWS.

1 # ACCOUNTING PROVISION FOR NEWLY ESTABLISHED COMPANIES

☑ Initial tax return

☑ Buy tokens (digital signature for online tax return)

☑ Open a bank account

☑ Register for electronic tax payment

☑ File your tax return for your license

☑ Pay the license tax

☑ Support registration of electronic invoices.

☑ Notice of invoice issue

☑ Report the company's bank account to the Planning and Investment Department

☑ Submit the original tax return when requested by the tax authority

☝ Note: When a new company is formed, it is required to file its license tax return on the last day of the month in which it gets its business registration license.

2 # WHAT IS REQUIRED FOR ACCOUNTING WORK?

☑ Prepare and submit your VAT return

☑ Prepare and file a preliminary CIT return

☑ Prepare and file a preliminary PIT return.

☑ Prepare and submit invoice usage status

☑ Accounting.

☑ Prepare payroll, calculate personal income tax, calculate social security

☑ Apply for a personal income tax code for employees

☑ Complete the PIT

☑ CIT finalization

☑ Prepare financial statements

☑ Pay taxes with electronic tax payment

☑ Explain to tax authorities if necessary

☑ Register for social security

DETAILS OF ONE YEAR’S TAX REPORT

a. Monthly and quarterly bookkeeping services 

LHD Law Firm will have an accountant monthly to deal directly with customers on the following issues

·       Receive documents verify business documents arising during the month.

·       Advise on the validity, reasonableness and legality of invoices, warrants, accounting transactions arising.

·       Advise on the validity, reasonableness and legality of invoices, warrants, accounting transactions arising.

·       Preparation of monthly and quarterly value added tax reports.

·       Preparation of quarterly provisional corporate income tax returns (if any).

·       Prepare individual income tax returns (monthly/quarterly) (if any).

·       Prepare and send quarterly account utilization reports (if any).

·       Accounting and bookkeeping and reporting to tax authorities.

·       Payroll counseling, social security in accordance with regulations.

·       Guidance on keeping accounting records and constructing accounting forms.

·       Work as requested by tax authorities.

·       Answer tax and accounting questions, exchange and advise businesses on content and operations related to implementation results.

b. Accounting tax work to be done each year

·       Prepare annual financial statements.

·       Prepare annual corporate income tax report.

·       Prepare the final report on personal income tax.

WOULD YOU NEED OUTSIDE ACCOUNTING SERVICES?
Prepare and send various types of statistical reports.

With the services we offer, ou won't have to worry about accounting or tax work, allowing you to focus on your business. Your company will have a professional accounting system at a reasonable cost, without having to spend a lot of time and money on hiring and maintaining accounting employees in the office. Finally, with the assistance of a competent accounting staff. In all accounting and tax problems, our firm is devoted to serving you faithfully and effectively. Furthermore, we are responsible for repayment if the taxing authorities determine a mistake. Our company's life is based on accuracy for your business.

The Benefits of Outsourced Accounting

1. More time for business strategy

The efforts of business owners should be directed at boosting profits, enhancing efficiency, recognizing areas of opportunity, and expanding their perspectives into new markets.

A businessman cannot create new ideas if he is always concerned with the statistics involved in his business or how his tax responsibilities are calculated. At a minimum, the business owner must become a multifunctional figure in command of all aspects of his company's operations.

The essential numbers and statistics in the businessman's financial accounts must be interpreted. It is not necessary to understand how each thing was calculated. As a result, outsourcing accounting services removes you of this pressure.

You can be a business owner but not know about accounting. This is the main reason why you should hire an accountant. Accounting, and bookkeeping deal with everything related to the financial environment of a business. Business accounts, daily transactions, and expenses are all in the ledger. The job of a qualified accountant is to keep the books.

While this may appear to be a simple activity, accounting is a difficult task. It may appear simple at first, but it becomes increasingly difficult as you progress. Paying suppliers, workers, and controlling costs daily are only achievable with the help of a trained accountant.

2. Reduce costs compared to hiring in-house accountants

Paying an in-house accountant is frequently more expensive than hiring a third-party accounting firm. Employee advantages include not just wages, but also vacations, bonuses, social security payments, payroll taxes, and other benefits defined by Vietnamese legislation.

Today's functions include everything from simple tax and financial reporting to sophisticated government formalities, registration, licensing, high and low workers, banking regulation, audits, internal auditing, and a seemingly infinite list of responsibilities. The accounting firm employs specialists who conduct these tasks lawfully and without error, ensuring that the business runs smoothly. More than just a new hire with minimal experience and time.

3. Reduced training and renewal costs

Fiscal policies change all the time. These adjustments may be minimal and minor in scope in some circumstances, but in others, they may require significant improvements to ensure that the accountant is trained to update the books at the end of the year.

This training and upgrading procedure come at an extra cost to the organization in terms of payroll. You won't have to worry about these training programs if you choose a third-party provider. They are continually updated with the current tax legislation thanks to a group of skilled outsourced accounting services.

4. Reduce expenses on office and computer equipment

You save money on computers, software and programs, scanners, and printers by not counting them in the workplace. You may also save money on secretarial services, texting, phone calls, Internet access, power, office supplies, work papers, maintenance, and cleaning.

Outsourced accountants are equipped with the tools necessary for professional work. And your company won't have to worry about the additional expense.

5. A company that specializes in outsourced accounting services always has a strategic vision

Delegating accounting to an accounting company does more than just maintain, financial and tax records in order. They also provide helpful and objective recommendations to assist you in managing your business. By offering services to businesses of many types and sizes, you have a broader perspective on what is financially sustainable.

An outside accounting company may advise with where cost savings are required, and assist avoid possible difficulties. Professional advice on tax best practices that reduce burdens, such as the elimination of fines, fees, and late or late payments.

What if your organization is a startup or attempting to develop a business plan? The business plan is the beginning point for your company. Never undervalue the importance of this vital business document in your company.

A financial specialist should be consulted to write an appropriate company strategy. It is essential to document the financial aspects of the firm. An independent accountant is recommended if you are searching for outside finance.

FULL ACCOUNTING SERVICES LHD LAW FIRM

⇒ Initial tax return

⇒ full accounting service

⇒ Bookkeeping

⇒ Income tax settlement

⇒ Prepare financial statements

⇒ Finalization of personal income tax

Value-added tax refunds.

⇒ Payroll calculation for employees.

⇒ Acting as an accountant for the representation of foreign traders

⇒ Liquidation of a company

⇒ Liquidation of the representative offices of foreign traders

ACCOUNTING SERVICE PRICES, INCLUDING BOOKING AND ANNUAL CALCULATION

PRICE LIST OF ACCOUNTING SERVICES NOT INCLUDING BOOKING

FIRST SOCIAL INSURANCE REGISTRATION FEES

DECLARATION PRICE LIST AND MONTHLY LABOR REPORT

Note: the above registration for social insurance premium is a package, the jobs to do include

·       Register for social insurance

·       Get health insurance card, social insurance book

·       Construction and registration of ladders and payroll

·       Establish a grassroots trade union (from 5 employees or more)

WHY EDUCATE YOURSELF ABOUT OUR ACCOUNTING SERVICES?

We provide clients with a full range of tax services, including consulting services and compliance support for income tax, value added tax, foreign contractor tax and income tax. Support services include VAT registration procedures, VAT declaration and refund, quarterly CIT declaration, and CIT finalization.

We provide a variety of services

Everything your company is best known for should show up here, whether it's baseball caps or baseball caps or getting rid of vampire bats.

Knowledge of the industry

The ability to focus on your business and offer effective and practical tax solutions is enhanced by our knowledge of specific business environments, including consumer business; energy sources; make; Commercial; Real Estate; Media and Telecommunications.

1. Corporate Income Tax

•           Current tax compliance and reporting obligations

•           Updates on new changes in laws and policies

•           Interaction and negotiation with appropriate taxing authorities

2. Individual Income Tax

•           Advise on foreign/non-resident taxation

•           Preparing personal income tax return

•           Tax planning and optimization services

Key benefits for clients

Accurately provide key financial information, key performance indicators and support business decision making

Gain access to our professional team that has experience in Big4 or large FDI companies (not often seen in smaller companies)

Maximize your tax deductions

Practical and cost-effective solutions for long-term collaboration

OTHER SERVICES WITH ACCOUNTING SERVICES OF LHD LAW FIRM

VIRTUAL OFFICE FOR RENT => SEE MORE

ESTABLISHMENT OF COMPANY => SEE MORE

REGULAR LAW CONSULTATION => SEE MORE

BRAND REGISTRATION => SEE MORE

FREQUENTLY INTERESTED QUESTIONS

  ☑ Does our company provide after-hours services?

A: Yes, we always provide service and troubleshoot when you have your request

  ☑ Does your company provide provincial services?

  A: We provide services to the following cities: Ho Chi Minh, Hanoi and Da Nang.

☑ Does your company provide door-to-door service?

A: We are ready to provide on-site support in case you need service support.

☑ How does your company provide the service?

Ms. Bui Thi Kim Chung- Chief accountant

(The holder of a tax and accounting practice certificate in Vietnam)

She has over 18 years of experience in tax counselling and reporting for both local and international businesses.

Clients working at LHD Law Firm are advised and supported by her and her associates, especially foreign-invested enterprises in Vietnam.

Contact to use the service:

Accounting office in Ho Chi Minh City - 02822446739

Accounting office in Hanoi - 02422612929

Accounting office in Da Nang – 02366532929

ABOUT LHD LAW COMPANY LIMITED

Law Firm is listed in the top ten leading law firms in Vietnam in terms of counselling on setting up foreign capital businesses in Vietnam, according to Legal500 and Hg.org, and has offices in Ho Chi Minh City, Hanoi, Da Nang, Vung Tau, and other cities. LHD Law Firm is dedicated to ensuring that international investors in Vietnam are satisfied.

Clients

TOYOTA; WACOAL, DELOITTE; DLH; SHISEIDO; FOS; DLT; YAMAZEN; SANKOUGIKEN; DIEMSANG; IFO; ALTECH; TRIUMPH; SOMETHING HOLDING, HSE, D3 AQUA, SUZUKA, TNS GLOBAL, FLEXLINK, RUNSVEN, RHODES, ADJ, AOA, BERNOFARM, INNOBAY, TELESCOPE, LEEKANG, NAMAZIE, SDGI, SO ON

CUSTOMER REVIEWS

Most of the customers are satisfied with the service provided by LHD Law Firm, we now have 680 regular customers in Ho Chi Minh City and Hanoi and Da Nang