Tax service for businesses per occurrence in Vietnam

Currently, many businesses are opting for tax services, especially those with unique operational characteristics that make tax declaration an infrequent activity. To save time and ensure accuracy and efficiency, many businesses are choosing the tax service for businesses per occurrence. Understanding the urgent needs of our clients, Viet An Law is pleased to introduce tax service for businesses per occurrence in Vietnam, which is handled by our team of experts.

What are the types of taxes declared each time they arise?

According to clause 4 Article 8 of Decree 126/2020/ND-CP, taxes subject to declaration upon arising include:

• Value-added tax, Excise tax
  • Value-added tax of taxpayers according to clause 3 Article 7 of Decree 126/2020/ND-CP;
  • Excise tax for taxpayers that are engaged in export business, have not yet paid excise tax at the production stage, and sell goods domestically instead of export;
  • Value-added tax and enterprise income tax are generated on an irregular basis, for taxpayers applying the method of calculating tax directly on the added value under the law on value-added tax
• Enterprise income tax, Personal income tax
  • Enterprise income tax, for real estate transfer activities of taxpayers applying the method of calculating the tax on turnover under the law on enterprise income tax and turnover under the law on enterprise income tax.
  • Personal income tax declared by individuals or declared and paid on their behalf by income payers, for incomes from real estate transfer; incomes from capital transfer; incomes from capital investment;
  • Value-added tax and enterprise income tax, for foreign organizations and individuals doing business in Vietnam or earning incomes in Vietnam subject to the direct method;
  • Enterprise income tax from capital transfer of foreign contractors.
  • Enterprise income tax for incomes from the transfer of interests under petroleum contracts.
• State fees
  • Registration fee (including cases eligible for registration fee exemption under the regulations on registration fee).
  • Environmental protection tax for irregular mineral extraction activities licensed by competent state agencies or not subject to licensing.
• Natural resource taxes, commissions…

Tax declaration dossiers

• Tax declaration for households and individuals engaged in business
• Attached documents for per-occurrence tax declaration include:
  • Copies of economic contracts for the provision of goods and services;
  • Copies of acceptance certificates and contract termination records;
  • Copies of documents proving the origin of goods, such as purchase lists for agricultural products if they are domestic agricultural goods; Lists of goods bought and sold by border residents if they are imported border resident goods; Invoices from the seller if they are imported goods purchased from domestic organizations or individuals; related documents to prove if the goods are self-produced by the individual;…
• The tax authority has the right to request the presentation of the original documents to verify the accuracy of the copies compared to the originals.

Please contact Viet An Law and our team of experts will provide the most accurate advice on the documents needed to prepare for the tax service for businesses per occurrence that you require.

Places for submission of tax declaration dossiers

• For mobile businesses, tax returns shall be filed at the Tax Sub-department directly managing the location where the business activities occur.
• Individuals earning income from digital content goods or services shall file tax returns at the Tax Sub-department directly managing their place of residence (permanent or temporary)
• Individuals earning income from the transfer of “.vn” domain names shall file tax returns at the Tax Sub-department where they reside. If the transferring individual is a non-resident, the tax return shall be filed at the tax authority directly managing the organization that manages the “.vn” domain names.
• Individual private contractors shall file tax returns at the Tax Sub-department directly managing the location where the construction activities occur.

Deadlines for submission of tax declaration dossiers per occurrence

The deadline for submitting tax declaration dossiers for business individuals paying tax upon each occurrence as prescribed in Clause 3, Article 44 of the Law on Tax Administration is no later than the 10th day from the date the tax obligation arises.

Deadlines for submission of tax

The tax payment deadline for business individuals paying tax each time it arises is implemented according to the provisions of Clause 1, Article 55 of the Law on Tax Administration, specifically: The deadline for tax payment is the last day of the time limit for submission of tax declaration dossiers. In case the tax declaration dossiers need to be supplemented, the time limit for tax payment is the time limit for submission of tax declaration dossiers of the tax period in which errors are seen in tax declaration dossiers.

Benefits of using Viet An law tax service for businesses per occurrence

• Benefit from both comprehensive legal advice and tax declaration services, including accounting-related matters.
• Our experienced and highly qualified professionals will handle all aspects of your company’s accounting and tax matters.
• Receive timely advice on potential issues, risks, and forecasts related to your company’s accounting and tax operations.
• We proactively remind you to prepare necessary documents and estimate tax liabilities before each declaration period.
• No additional costs will be incurred after signing the all-inclusive tax declaration contract with Viet An Law.
• Viet An Law assumes full responsibility for any tax-related risks that may arise from our tax declaration services.
• For businesses whose owners lack tax and accounting expertise, our tax declaration services offer an optimal and cost-effective solution, eliminating the need for in-house accounting staff. Viet An Law is committed to being your trusted partner in business.

If you encounter any difficulties with tax service for businesses per occurrence in Vietnam, please don’t hesitate to contact Viet An Law for prompt and accurate support.

Update: 9/2024