Tax finalization service for business relocation in Vietnam

Tax finalization to relocate businesses is one of the mandatory requirements when businesses change their business headquarters. This procedure is set to ensure that businesses fully fulfill their tax obligations and avoid troubles arising in the process of transferring locations. Thus, what documents do you need to prepare for the tax finalization procedure for relocating your business location and how will the procedure take place? Viet An tax agent will release some legal advice for this issue.

What is business relocation tax finalization

When your business changes its business location compared to the previously issued business registration certificate, it is necessary to carry out tax finalization procedures at the old business location. This is a mandatory requirement set to ensure that the business fully implements and pays all taxes before moving to a new business location.

Cases in which tax finalization procedures must be carried out for business relocation

Enterprises need to send an official letter to the managing tax authority on tax finalization before relocating their business location in the following cases:

• Your unit changes the company’s headquarters to a different district/district/city than the previous business registration location.
• The unit has many independent accounting branches and branches that have changed their addresses – where the head office is located.
• Change the address of dependent units such as company branches, representative offices in areas other than districts or provinces with the parent company.

What does the tax finalization dossier for business relocation include?

First, to change the business registration location and the tax authority to manage it, you need to prepare a complete set of documents to submit to the tax authority at the old location:

• Supplementary adjustment declaration related to tax registration information (Form No. 08 – MST).
• Power of attorney if the person who submits the dossier directly to the administrative tax department is not the legal representative of the company.
• A copy of the business registration certificate (note the latest amendment).

The process of tax finalization service for business relocation

• Step 1: Submit a declaration for adjustment of tax registration information according to form No. 08-MST
• Step 2: Contact the tax administration agency at the old location to finalize the tax and change the location to register the business.
• Step 3: If there is an official letter requesting tax finalization from the tax authority, the enterprise needs to complete the tax finalization procedures before moving the place of business registration.
• Step 4: Submit tax returns as required to finalize tax to relocate the enterprise.
• Step 5: Feedback from the tax authority regarding the taxpayer’s change of business location.

Tax finalization service for business relocation of Viet An tax agent

If you need to change your business registration location and complete tax obligations at the old management agency, please contact Viet An tax agent for a detailed quote and advice on the service package. Proud of a team of experienced and knowledgeable experts in tax law and financial accounting, we are committed to providing customers with the best service package for legal procedures to be completed quickly:

• Receive information from customers and process official letters submitted to tax authorities
• Review and complete book records if there is a request for tax finalization before relocating the enterprise.
• Ensure that businesses need to fully fulfill their tax obligations at the old business location.

Notes when transferring districts or tax authorities for management

When carrying out procedures for finalizing tax and relocating enterprises, enterprises should pay attention to the following issues:

Before and during the process of carrying out tax finalization procedures for business relocation

• The company needs to report the use of invoices to the tax authority until the time of change in business location for the tax authority to close the invoice.
• Invoices must not be issued after reporting and receiving from tax authorities.
• Complete all obligations related to 3 main taxes: VAT, temporarily calculated PIT with periodic returns, temporarily calculated CIT.

After completing the procedures for business relocation

• Return the seal to the police if your unit is eligible for a seal.
• Re-place the company sign at the new business location.
• Submit a notice of adjustment of information when issuing invoices to the tax administration agency at the new business location.

Above is information related to the tax finalization service of relocation of enterprises in Vietnam. Please contact Viet An tax agent if your unit needs to deal with tax procedures and obligations before moving to a new business location. We promise to bring customers a quality service package at a reasonable cost.