Navigating corporate tax compliance in Vietnam is a critical first step for any business that has just completed company registration in Vietnam. Proper accounting and tax services for newly established companies in Vietnam help a company organize its accounting work, manage documents, and fulfill tax obligations during the first year of business. For newly registered companies or those that have not yet generated revenue, choosing the right tax accounting services in Vietnam from the start helps limit missing records, control costs, and avoid having to adjust books later.
Viet An Law Tax Agent provides accounting services for startups and newly operating enterprises, from setting up initial accounting data to periodic tax declarations, preparing financial statements, and supporting tax finalization. The scope of work is determined according to the operating status, the volume of documents, and the needs of each enterprise.
What do tax services in Vietnam for newly established companies include?
Not every newly established company requires the same service package. An enterprise that has just been granted an Enterprise Registration Certificate (ERC), a company that has not yet incurred transactions, and an enterprise that has already started business will have different accounting needs.
Viet An Law divides the service scope into three stages:
| Stage | Support content |
| Just granted ERC | Setting up accounting data, reviewing initial tax records, and guiding document management |
| Starting business | Recording transactions, tracking revenue and expenses, and carrying out tax declarations |
| Ending the first financial year | Reconciling data, preparing financial statements, and preparing tax finalization dossiers |
Enterprises can choose individual parts or use continuous services during the first year of operation.
Setting up accounting for newly registered companies
For enterprises that do not yet have an accounting system, Viet An Law provides support for:
- Checking legal records and necessary information to organize accounting work;
- Advising on the selection of an appropriate accounting regime;
- Setting up initial data on the accounting software;
- Guiding the recognition of contributed capital, pre-operation expenses, and the first incurred transactions;
- Building a process for receiving, classifying, and storing documents;
- Creating a schedule to track accounting work and tax obligations in the first financial year.
For procedures related to tax registration, digital signatures, electronic invoices, and electronic tax transactions, clients can refer to the initial tax registration in Vietnam services of Viet An Law. Separating these two groups of work helps newly registered companies choose the right outsourced accounting services in Vietnam, avoiding confusion between initial tax procedures and regular accounting operations.
Accounting and tax declaration in the first year of operation
When the enterprise begins to incur transactions, Viet An Law receives documents and performs tasks according to the contract:
- Checking input invoices, output invoices, and payment documents;
- Recording incurred economic transactions;
- Tracking revenue, expenses, bank deposits, and liabilities;
- Preparing value-added tax declaration dossiers according to the applicable period;
- Declaring personal income tax when the obligation arises;
- Determining the provisional corporate income tax payment obligation;
- Reconciling data and notifying of missing records.
For newly operating enterprises, Viet An Law guides the periodic handover of documents so that accounting data is updated from the beginning, limiting the accumulation of work at the end of the year.
Finalizing accounting records at the end of the first year
At the end of the first financial year, Viet An Law supports checking data, preparing financial statements, carrying out tax finalization according to regulations, and handing over accounting records within the scope of the contract. In cases where the enterprise has a large volume of transactions or needs to outsource the entire accounting work long-term, it can refer to full-package tax accounting services in Vietnam to choose an appropriate plan for the next development stage.
Accounting solutions based on the status of the newly established company
The selection of services needs to be based on the actual status rather than solely on the issuance date of the Enterprise Registration Certificate.
Newly established companies without revenue
For enterprises that do not yet have revenue, Viet An Law supports checking tax declaration obligations, recording actual incurred expenses, and managing records during the business preparation period. Even if no sales invoices have been issued, the company may still incur payments such as headquarters rental, equipment purchase costs, software fees, or recruitment expenses. These transactions need to be appropriately considered and recorded.
Newly registered companies with issued invoices
Enterprises that have just started selling goods or providing services need to organize the regular handover of invoices, contracts, and payment documents. Viet An Law supports recording incurred transactions, tracking declaration obligations, and promptly detecting records that need to be supplemented, which is an essential part of accounting services for new companies in Vietnam.
Newly operating enterprises with employees
When starting to recruit and pay salaries, the company needs to manage salary records, payment documents, and related personal income tax obligations. Depending on the service scope, Viet An Law supports receiving payroll data to record and perform corresponding tax filing services in Vietnam.
Newly established foreign-invested companies
FDI enterprises may have additional requirements related to investment capital, foreign currency transactions, cross-border payments, and applicable reporting regimes.
Viet An Law provides specialized solutions at: Accounting and Tax Services for FDI Companies – https://vietanlaw.com/tax-accounting-service-for-fdi-company-in-vietnam/.
Accounting issues to note in the first year of business
Recognizing contributed capital and pre-operation expenses
A newly established company often incurs capital contributions and business preparation expenses before having revenue. The enterprise needs to keep capital contribution records, contracts, invoices, and payment documents to have a basis for accounting recognition. Determining deductible expenses when calculating tax needs to be considered separately according to applicable regulations.
Determining the declaration period and reporting obligations
The enterprise needs to determine the appropriate tax declaration period as soon as it starts operating. Not having revenue does not automatically mean being exempt from all reporting obligations. From January 1, 2026, the licensing fee has been abolished. For other tax obligations, the company needs to check the conditions and implementation deadlines according to current regulations.
Checking tax incentive policies
Some newly registered businesses may enjoy corporate income tax incentives under support policies for the private economic sector if they meet the conditions. Viet An Law supports reviewing the initial establishment status, enterprise type, and related legal conditions before applying incentives as part of our comprehensive bookkeeping services in Vietnam.
Records to provide when hiring tax accounting services in Vietnam
To receive first-year accounting services for a newly established company, clients should prepare the following existing documents:
- Enterprise Registration Certificate and related legal information;
- Bank account information, digital signature, and electronic tax account;
- Capital contribution records, headquarters lease contracts, and signed economic contracts;
- Invoices, payment documents, and documents of incurred expenses;
- Personnel, payroll, and asset records, if any;
- Accounting data prepared prior to using the service, if any.
If the enterprise does not have complete records, Viet An Law will guide the supplementation according to the actual situation, and does not require documents that have not yet been incurred.
Cost of tax accounting services for newly established enterprises in Vietnam
Service fees are determined based on the operating status, volume of documents, business lines, and scope of work.
| Company status | Suitable service package |
| Just registered, no transactions yet | Initial accounting setup |
| No revenue yet but expenses have been incurred | Accounting for enterprises without revenue |
| Starting to have invoices and transactions | Periodic accounting and tax declaration |
| Needing accounting management for the entire first year | Full-package tax accounting |
| Having foreign investment capital | Tax accounting for FDI enterprises |
Viet An Law provides a quotation after evaluating the records and the expected volume of work. Accounting service fees are distinguished from software fees, digital signatures, electronic invoices, and work arising outside the contract.
Accounting reception process for newly established companies
- Step 1 – Checking enterprise status: Determining the establishment date, business lines, status of incurred transactions, and accounting tasks already performed.
- Step 2 – Determining the service scope: Advising on selecting initial tasks, periodic accounting, or the first financial year support package.
- Step 3 – Quoting and receiving records: Both parties agree on the scope, responsibility for providing documents, deadlines, and costs.
- Step 4 – Implementation and handover: Viet An Law executes the work according to the contract, notifies issues needing supplementation, and hands over results by period.
Frequently asked questions
Is a newly established company required to hire an accountant?
Enterprises must organize accounting work according to regulations but do not necessarily have to recruit a full-time accountant. The company can use outsourced accounting services in Vietnam from a unit that meets legal conditions.
From what point should a newly registered company hire an accountant?
Accounting should be organized as soon as there are transactions that need to be recorded, including capital contributions, headquarters rental costs, equipment purchases, or expenses serving business activities. You should not wait until revenue is generated to perform accounting work.
Can a company without revenue use a separate accounting package?
Yes. Viet An Law can determine the service scope based on the volume of transactions and actual tax obligations instead of applying the same package for an enterprise doing stable business.
When is it necessary to switch to full-package tax accounting services?
When an enterprise incurs regular transactions, has many invoices, personnel, or needs continuous accounting reconciliation, using a full-package service may be more suitable than hiring for each task.
Contacting accounting and tax services for newly established companies in Vietnam
Viet An Law Tax Agent provides accounting and tax services for newly established companies in Vietnam, supporting the organization of accounting data, document management, tax declaration, and reporting during the first year of business.
Clients who have completed company registration in Vietnam, have just been granted an Enterprise Registration Certificate, or are preparing to start operations can contact Viet An Law for advice on a suitable service package.
Article censored by: Tax Specialist Nguyen Thi Ngoc Diep
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