vietnam

Vietnam Tax services

Vietnam Tax services

Prestigious entire package of accounting services (tax reporting) for international firms and local small and medium enterprises in Hanoi, Ho Chi Minh City, and Da Nang, with 15 years of expertise and over 680 regular clients.

HO CHI MINH 02822612929

HA NOI 02422612929

DA NANG 02366532929

Content

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

Month

period

Enterprises declare tax on a quarterly report

Enterprises declare tax on a monthly report

1

22/1

 

i) December VAT return

 

 

(ii) December Income Tax Return

 

(iii) Payment of VAT and income tax

30/1

(i) VAT Declaration Quarter 4 of the previous year

 

 

(ii) PIT return for the fourth quarter of the previous year

 

(iii) Payment of provisional CIT for Quarter 4

 

(iv) Payment of VAT & PIT

 

(v) Report on the usage of Invoices Quarter 4

 

(vi) Pay the license fee in 2018

(i) Payment of provisional CIT for Quarter 4

 

 

(ii) BC Invoice usage situation of Quarter 4

 

(iii) Pay the current year license fee

2

20/2

 

(i) January VAT returm

 

 

(ii) January PIT return

 

(iii) Payment of VAT & PIT

 

20/3

 

(i) February VAT declaration

 

 

(ii) February PIT return

 

(iii) Payment of VAT & PIT

30/3

(i) Finalization of CIT for the previous year

 

 

(ii) Finalization of PIT for the previous year

 

(iii) Financial Statements of the previous year

 

(iv) Statistical Report of the previous year

(i) Finalization of CIT for the previous year

 

 

(ii) Finalization of PIT for the previous year

 

(iii) Financial Statements of the previous year

 

(iv) Statistical Report of the previous year

4

20/4

 

(i) Payment of provisional CIT for Quarter 1

 

 

(ii) Report on usage of Invoices Quarter 1

30/4

(i) Quarter 1 VAT Declaration

 

 

(ii) Quarter 1 PIT Declaration

 

(iii) Payment of provisional CIT for the first quarter

 

(iv) Payment of VAT & PIT

 

(v) Report on usage of Invoices Quarter 1

(i) Payment of provisional CIT for Quarter 1

 

 

(ii) Report on usage of Invoices Quarter 1

5

20/5

 

(i) April VAT declaration

 

 

(ii) April PIT return

 

(iii) Payment of VAT & PIT

6

 

 

((i) May VAT Declaration

 

 

(ii) May PIT Declration

 

(iii) Payment of VAT & PIT

7

20/7

 

 

30/7

(i) Quarter 2 VAT Declaration

 

 

(ii) Quarter 2 PIT Declaration

 

(iii) Payment of provisional CIT for the 2nd quarter

 

(iv) Payment of VAT & PIT

 

(v) Report on usage of Invoices Quarter 2

(i) Payment of provisional CIT for the 2nd quarter

 

 

(ii) BC Invoice usage situation in Quarter 2

8

20/8

 

(i) July VAT declaration

 

 

(ii) July PIT declaration

 

(iii) Payment of VAT & PIT

8

20/8

 

(i) July VAT declaration

 

 

(ii) July PIT return

 

(iii) Payment of VAT & PIT

9

20/9

 

(i) August VAT Declaration

 

 

(ii) August PIT Declaration

 

(iii) Payment of VAT & PIT

10

20/4

 

(i) September VAT Declaration

(ii) September PIT declaration

 

(iii) Payment of VAT & PIT

30/4

(i) Quarter 3 VAT Declaration

 

 

(ii) Third Quarter PIT Declaration

 

(iii) Payment of provisional CIT for the 3rd quarter

 

(iv) Payment of VAT & PIT

 

(v) Report on the use of Invoices in the 3rd quarter

(i) Payment of provisional CIT for Quarter 3

 

 

(ii) Report on the usage of Invoices Quarter 3

11

20/11

 

(i) October VAT Return

 

 

(ii) October Personal Income Tax Return

 

(iii) Payment of VAT & PIT

12

30/12

 

(i) November VAT Return

 

(ii) November PIT return

 

(iii) Payment of VAT & PIT

 

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 determines 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, bookkeeping deals 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

Job

Business

Number of incoming and outgoing invoices

Service cost/month.

 

Consulting- Services

No bills

500.000 VND

From 1 to 4

800.000 VND

From 5 to 10

1.000.000 dong

From 11 to 20

1.2000.000 VND

From 21 to 30

1.500.000 VND

Additional 100,000 VND/month for every 5 additional bills (from 31 or more)

Trade (no customs declaration), software production

No bills

500.000 VND

From 1 to 4

800.00 VND

From 5 to 10

1.200.00- VND

From 11 to 20

1.500.000 VND

From 21 to 30

2.000.000 VND

Additional 200,000 VND/month for every 5 additional bills (from 31 or more)

Trade (with customs declaration), consulting- forwarding service

No bills

500.000 VND

From 1 to 4

1.000.000 VND

From 5 to 10

1.800.000 VND

From 11 to 20

2.500.000 VND

Additional 300,000 VND/month for every 5 additional bills (from 31 or more)

 

Trade (with customs declaration), consulting- forwarding service

No bills

500.00 VND

From 1 to 4

1.000.000 VND

From 5 to 10

1.800.000 VND

From 11 to 20

2.500.000 VND

From 21 to 30

3.000.000 VND

Additional 300,000 VND/month for every 5 additional bills (from 31 or more)

Production (cost calculation)

No bills

500.000 VND

From 1 to 4

1.500.000 VND

From 5 to 10

2.500.000 VND

From 11 to 20

3.500.000 VND

From 21 to 30

4.000.000 VND

Additional 300,000 VND/month for every 5 additional bills (from 31 or more)

Construction

No bills

500.000 VND

From 1 to 2 contracts

1.500.000 VND

From 3 to 4 contracts

3.000.000 VND

From 50 to 10 contracts

4.500.000 VND

Negotiable price for each additional contract (from 11 or more)

 

PRICE LIST OF ACCOUNTING SERVICES NOT INCLUDING BOOKING

Number of invoices/ months

Services

Commerce

Production

Construction

Below 10 invoices

400.000

500.000

600.000

600.000

From 10 to 20

500.000

600.000

700.000

700.000

From 21 to 30

600.000

700.000

800.000

800.000

From 31 to 40

700.000

800.000

900.000

900.000

 

FIRST SOCIAL INSURANCE REGISTRATION FEES

SERVICE CHARGE/TIME

Number of employees registered for social insurance

From 1 to 4 labors

From 6 to 10 labors

Above 10 labors

Districts of Ho Chi Minh City

2.000.000 VND

3.000.000 VND

5.000.000 VND

Suburban districts of Ho Chi Minh City

300.000.000 VND

4.000.000 VND

6.000.000 VND

Prepare and register the collective labor quarter for the Labor Department (from 10 employees must register)

 

 

5.000.000 VND

 

DECLARATION PRICE LIST AND MONTHLY LABOR REPORT

SERVICE CHARGE/MONTH

Number of employees registered for social insurance

From 1 to 4 labors

From 6 to 10 labors

Above 10 labors

Note

Districts of Ho Chi Minh City

800.000 VND

1.200.000 VND

2.000.000 VND

100,000 VND / 1 additional person (from 16 employees)

Suburban districts of Ho Chi Minh City

1.000.000 VND

1.500.000 VND

2.500.000 VND

100,000 VND / 1 additional person (from 16 employees)

 

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 counseling 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 counseling 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, DELOITE; 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

Any support you may need, please contact us today via 
 
Email/ Google hangouts: all@lhdfirm.com 
iMessage | SMS | Whatsapp | Viber | Zalo | Call + 84 931 767 568 (Vietnam mobile)
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