Accouting and Tax Agent in Vietnam

Tax is a compulsory contribution to state revenue as well as a tool of economic management. Therefore, enterprises have their duties to perform tax accounting. Tax accounting is a process of performing tasks serving tax declaration and payment. Tax declaration and payment shall be following the law.

Our service

Based on professional practicing, the competence of law application and regular updating the legal documents in general and legal documents of tax in particular, Viet An Law Firm is confidential to provide enterprises with effective legal consulting services of tax and to minimize the risks arising from procedures of tax declaration and payment in Vietnam.

• Consulting projects with tax incentives in Vietnam
• Consulting processes of tax incentives to invest in Vietnam.
• Corporate Income Tax
• Personal Income Tax
• Value Added Tax
• Withholding Tax
• Special Consumption Tax
• Environment Protection Tax
• Royalties
• Double Taxation Agreements
• Tax exemptions, Tax Reductions, and Tax Incentives
• Other Income Taxes, Stamp Duty, etc.
• Combination of tax and Investment
• Tax Compliance and Tax Administration
• Guiding and implementing tax declaration for enterprise establishment, including: Submission of license fee declarations, payment of license tax, registration of information exchange with tax authorities; Register for a bank account, register for electronic tax payment, Invoice issuance notice, Work directly with the tax authority on behalf of the business.

Besides that, tax accounting helps enterprises’ business more explicit and transparent. To establish grounds for tax duties, enterprise must record their transactions in the business and create reports, collect invoices… Performing tax accounting well also helps enterprises make business decisions.

Large-scale enterprises always have the accounting department to perform the tax accounting. However, now, more than 97% of enterprises in Vietnam are small and medium enterprises, in which tax accounting performance is quite difficult due to the lack of experiences and legal knowledge. To help enterprises save time and money during the lack of an accounting department, Viet An Law Firm provides tax accounting services during the establishment and operation of enterprises with several packages at reasonable prices.

Contents of the package of tax accounting services include

• Consulting and perfecting the accounting report system for enterprises, advising on how to keep accounting books and documents in accordance with current laws;
• General advice on preliminary knowledge for businesses related to value added tax (VAT), corporate income tax (CIT), personal income tax (PIT);
• Consulting on financial strategy planning, reasonable cost balance in business activities of enterprises;
• Representing businesses to work and explain to state agencies.

Monthly and quarterly work

• Receive invoices and documents from enterprises, advise on the reasonableness, validity and legality of arising documents;
• Completing documents and accounting for arising operations to balance VAT, PIT, import and export, debt situation for enterprises;
• Declare and submit VAT reports;
• Declare and submit reports on the use of invoices;
• Declare and submit PIT reports (if there is a withholding of PIT in the period);
• Pay provisional CIT.

Year-end work

• Preparation and submission of financial statements and finalization of PIT and CIT;
• Print and complete the document system according to the regulations to hand over to the enterprise.

If your business has difficulties in declaring and carrying out tax procedures, please contact Viet An Tax Agent for the fastest and most effective tax accounting service.

Why should you use Viet An Tax Agent?

Tax agent service is a less popular concept compared to accounting and auditing services but plays an important role, as a bridge between tax authorities and taxpayers. Beside, this service supports and creates favorable conditions for taxpayers to comply with tax laws; reduces costs in terms of time and resources for both tax authorities and taxpayers in tax law enforcement.

What is a Tax Agent?

Tax agent is a unit that provides services to implement tax procedures. Tax agent is an enterprise that fully meets the conditions for doing business in tax procedures according to the provisions of the Law on Tax Administration and other provisions of relevant laws.

What are the advantages of tax agent’s services? What practical effects will the use of tax agent’s services bring to businesses?

1. Professionalism, profession

Tax agent is a conditional business. Before operating, tax agents must carry out procedures to apply for a Certificate of eligibility for business in service of tax procedures and tax agent’ employees must have a tax procedure service practice certificate issued by the General Department of Taxation.

Therefore, tax agents are fully qualified and skilled, avoiding tax risks.

2. Take responsibility, minimize tax risks for businesses

Circular 51/2017/TT-BTC of the Ministry of Finance stipulates:

Tax agents are responsible for declaring, signing and stamping on tax declarations, tax records, tax payment document, tax finalization dossiers, tax refund dossiers, tax exemption and reduction dossiers according to the  Law of Tax administration. Tax agents are responsible for providing accurate and timely at the request of tax administration agencies documents and vouchers to prove the accuracy of tax declaration, tax payment, tax finalization, proposal number exempted tax amount, reduced tax amount, refunded tax amount of the taxpayer.

In case the tax agent acts in collusion with the taxpayer or commits acts of tax evasion, understatement of tax or violates tax procedures, the taxpayer shall still be responsible before law for the contents of the tax agency. Tax agents must be jointly responsible and liable for compensation to tax payers under contracts signed with tax paying organizations and individuals.

3. Enterprises are assured of production and business

When using a tax agent, businesses will be very convenient in terms of tax declaration, payment and refund procedures in accordance with the provisions of tax administration law. All tax-related procedures will be conduted by tax agents. The company does not have to spend time and human resources on the implementation of tax declaration, payment and refund procedures.

This has great implications for small and medium enterprises as well as large enterprises. Using tax agent’s services will help businesses have time, not worry about tax laws, or tax regulations for businesses to focus and focus on business.

4. Cost savings

The cost of using tax agency services is lower than using accounting services, or hiring an experienced accountant to do tax declaration procedures.

Why should you use Viet An Tax Agent service?

According to statistics in 2019 of the General Department of Taxation, there are more than 500 tax agents nationwide. Viet An Tax agent is proud to be able to provide tax services and business support for many large and small businesses across the country, especially in two big cities namely Hanoi and Ho Chi Minh.

In addition to the general benefits of using tax agency services, businesses using Viet An tax agent’ services also enjoy many other benefits such as:

• Get preferential treatment when using prestigious legal consulting services of Viet An Law such as: Establishment of a enterprise, change of enterprise registration, application for a license, intellectual property…;
• A team of tax agents and lawyers who are knowledgeable about laws and legal procedures always accompanies businesses throughout the process of production and business activities;
• Viet An always commits to take maximum responsibility for the service provided.

If you have any inquiries or request related to tax accounting services, please contact Viet An Tax Agent for fastest and most cost-effective support.