Training in Tax Accounting Law in Vietnam

Tax accounting is an important part of a business, it is a phrase that is no longer strange to any business. Since the establishment of the business, it is mandatory to have a tax accounting department for the business to operate and exist in accordance with the management of the law. Most businesses are aware of the importance of human resources and put forward criteria to build and improve the quality of human resources to find talent. Therefore, Viet An Tax Agent provides tax accounting legal training services to help your business have effective assistants contributing to the management and operation of that business.

What is Tax Accounting?

A tax accountant in an enterprise is an accountant in charge of tax declaration issues of an enterprise. This position of accounting personnel is the obligation of enterprises to the state. With a multi-component economy, the state can only manage it when there is a tax accountant and vice versa, businesses also have stable business and favorable tax reporting if they implement clear tax issues.

Tax accounting in a business is not a simple job for an accountant who has just started his job and especially for accounting students who have just graduated. Because, in addition to professional knowledge, tax accountants also require professional and clever behaviors and pocket manuals as luggage at work.

Tax accounting helps businesses to do business stably and make tax reports in accordance with state regulations in a clear and transparent way. Tax accounting plays a role as a bridge and link between businesses and the state. Thanks to the work of tax accountants, it has made it easier for the state to manage the economy.

The job of a tax accountant

Determination of VAT calculation bases: Compare input VAT invoices and output VAT invoices, ensuring reasonableness, validity and legality. Check and classify VAT invoices according to each type of tax rate. Monthly or quarterly, tax accountants need to make a report on the general declaration of input and output VAT in order to obtain data as a basis for determining the obligation to pay VAT of enterprises to the State.

Determination of the basis for calculation of excise tax and environmental protection: For the activities of enterprises related to the import of goods subject to excise tax and environmental protection tax, tax accountants need to check the tax rates of goods, classify and make tax declaration reports for these two taxes as a basis for determining obligations paying taxes.

Determination of the basis for calculating personal income tax: Based on the actual salary of employees working at the enterprise and the State’s regulations on the law on personal income tax, family circumstance deduction, etc. The tax accountant calculates personal income, declares personal income tax and reports to the tax authority in accordance with the accounting period

Determine the basis for calculating corporate income tax: Tax accounting needs to be combined with general accounting to understand data, compare data and make monthly, quarterly and annual financial statements to serve internal financial control at the enterprise. At the same time, it serves as a basis for determining corporate income tax obligations for State agencies.

In addition, tax accountants will need to process and monitor the following necessary work items:

The role of tax accountants

• Collecting invoices and documents arising from enterprises for monitoring and accounting
• Prepare daily tax reports, excess goods and pay taxes to the company
• Preparation of financial statements, corporate income tax (CIT) and personal income tax (PIT) reports, year-end tax reports
• When problems arise, directly work with tax authorities
• Checking and comparing VAT invoices with the output and input tax lists of each establishment
• Annually prepare a general report on output VAT of the whole company and classify it according to tax rate
• Monthly preparation of a general report on input VAT of the whole company according to the deductible output allocation ratio
• Monitor reports on the company’s tax refund, budget remittance, and budget backlog
• Compare tax report data of establishments between the report and the finalization
• Preparation of tax refund dossiers when problems arise
• Preparation of periodic or irregular tax summary reports
• Check incoming invoices
• Check the report on the use of tax invoices to report to the tax department
• Promptly update information on the tax law, prepare notices of the prescribed business tools of the tax law related to the company’s production and business activities to have a basis for implementation.
• Making a corporate income VAT plan and submitting it to the budget
• Update invoice delivery tracking
• Monthly and quarterly reports on the use of invoices in the
• And other jobs related to the accounting of the enterprise

The process of selecting and training tax accountants at Viet An Tax Agent

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