Corporate accounting tax consulting in Vietnam

When a business is newly established, taxes are the first thing that impacts the business. The operation of enterprises is affected by many other taxes such as: value-added tax, personal income, corporate income, special consumption, import and export,… Therefore, understanding all the provisions of taxes is extremely important, but it makes many units face many difficulties. Because Vietnam’s legal system is extremely complicated, making reading and understanding tax laws also a problem that makes it difficult for the heads of units. The corporate accounting tax consulting service of Viet An Tax Agent will help consult, answer questions and support in solving tax issues in accordance with the law.

What is a tax advisory service?

Tax consulting is one of the most important legal services for businesses. The tax consultancy industry supports businesses to know the exact tax rate and taxes of the enterprise with what percentage to pay

Tax advisory services will include advice on tax laws such as compliance advice on value-added tax, personal income tax, corporate income tax, import and export tax, and tax-related questions. Tax consultants will help businesses better understand the process and requirements related to taxation, and help them find the most optimal way to solve the problem.

Role of tax consultancy services

• Update tax policies to businesses: Tax policies are constantly changing due to the ever-changing business environment. Therefore, businesses need to regularly update this policy
• Tax consulting services support businesses to update tax policies daily to avoid underdoing and making mistakes
• Minimize risks, solve arising situations: Currently, the permanent presence at enterprises is the risk of tax violations.
• Tax consultancy services also support taxpayers to understand tax regulations and policies. From there, find comprehensive solutions to tax issues in detail, in accordance with the law to minimize all risks and damages.
• Minimize costs for corporate tax accounting systems. Using tax consultancy services, businesses do not have to worry about the tax field because they have a professional system with low cost but effective work.
• Businesses do not need to spend money on hiring and managing personnel at the office along with many employee policies and related equipment investment.

The current situation of tax accounting in businesses today

Duties of tax agents when providing corporate tax accounting consultancy services

• Free consultation on the use of reasonable input and output invoices
• Receive invoices from on-site accountants
• Classification and examination of the validity of original documents
• Balance of input and output value-added tax
• Preparation of tax declaration forms, personal income tax declarations, temporary calculation of corporate income tax
• Submit tax reports to tax authorities as prescribed
• Complete vouchers and make accounting books, specifically:
• Preparation of accounting documents: Import, export, revenue, expenditure
• Preparation of detailed books for calculation of product costs, warehouse books of goods, receivables and payables
• Make allocation and depreciation forms,… According to regulations
• Make a ledger of accounts
• Making a general diary
• Finalization of corporate income tax and personal income tax
• Preparation of year-end financial statements

The process of performing corporate tax accounting consulting services at Viet An Tax Agent

• Receipt of certificates of issuance of enterprise tax identification numbers to serve as a basis for registration of tax identification numbers for employees of enterprises under their management
• Declare tax according to the State’s regulations, carry out procedures for paying annual license tax
• Carry out procedures for ordering printing or printing or purchasing invoices from tax authorities for businesses
• Receipt of accounting records and vouchers of enterprises
• Monthly declaration (VAT declaration dossier in the next 20 months, enterprise income tax declaration dossier registered if the payable tax amount is 5 million or more of the whole enterprise)
• Quarterly declaration (Temporary calculation dossier, corporate income tax, dossier of temporary calculation of personal income tax if there is a payable tax amount of less than 5 million, contract use report)
• Annual declaration (payment of license tax, annual corporate income finalization return, personal income tax return,…); Annual Financial Statements
• Make a depreciation table of fixed assets, formulate norms for consumption of raw materials if there is production and business
• Collection of documents reflected in books as a basis for temporary tax calculation and tax declaration dossiers
• Closing and comparing data between books and reality with tax declaration dossiers
• Printing, arranging, classifying documents to complete administrative procedures and put them into storage
• Support and advise businesses to use the most reasonable output and input invoices.

Why should you choose to use the tax consulting services of Viet An Tax Agent?

Current tax documents are always complicated and change in each specific case. To ensure quick updates and apply new tax policies to business operations, units should choose the solution of using tax consulting services. Customers will be able to answer daily tax questions, provide monthly tax information and update tax policy changes as soon as possible.

For newly established businesses, they are often busy with the process of setting up the system, so it is difficult to focus on tax accounting. Therefore, many businesses, especially foreign-invested enterprises, find it difficult to grasp all the initial tax procedures. Choosing tax consulting services is the fastest and most comprehensive measure to thoroughly solve the troubles of the Tax Law and enterprises. The desire to minimize tax risks and solve situations as soon as they arise.

In fact, tax losses are considered permanent risks for businesses. To minimize these risks, the most effective measure is to organize periodic reviews to promptly detect and immediately handle problems to arise and avoid backlogs. However, most businesses today do not have a full-time tax accounting department. In addition, the accounting department cannot work part-time or the professional qualifications are not updated, it is very difficult to perform tax tasks. If you want to save costs but still ensure efficiency and minimize losses, the radical solution is to choose a reputable tax consulting service in the market. And Viet An Tax Agent is one of the units that brings efficiency and prestige to your business when using corporate tax accounting consulting services.

Information that customers need to provide when using corporate tax accounting consulting services

When using corporate tax accounting consulting services, you will only need to provide Viet An Tax Agent with 2 simple information as follows:

Commitment to the responsibility of Viet An Tax Agent when providing corporate tax accounting services

In all tax accounting service contracts, Viet An Tax Agent always commits to the following important items:

• Responsible for fully and punctually performing the following tasks
• Arrangement and classification of documents
• Preparation and handover of accounting books such as: Detailed books of accounts, general books,… in accordance with current accounting regulations and standards
• Drafting documents and documents at the request of competent agencies when performing accounting services
• Responsible for all vouchers, dossiers, financial statements, accounting reports made by the accountant of Viet An Tax Agent on the basis of data and documents provided by customers (valid invoices as prescribed by law)
• Responsible for explaining tax accounting dossiers when state agencies request accounting data made by Viet An Tax Agent
• Responsible for paying all fines in case customers are sanctioned by state agencies due to errors in documents and documents made by the accountant of Viet An Tax Agent.
• Periodically every month or quarter, the accountant of Viet An Tax Agent will come directly to the customer’s address to receive the voucher. Therefore, customers do not have to spend travel time and courier costs
• Customers can actively receive information and issues about tax declaration directly from the tax authority, because the accountant of Viet An Tax Agent will provide the email address of the business to the tax authority
• Responsible for the confidentiality of customers’ accounting information, even at the end of the accounting service contract.

If you have any difficulties or questions related to corporate tax accounting consulting services, please contact Viet An Tax Agent for the most specific advice.