Tax declaration and tax payment are the obligations and tasks of each business and organization for the country’s economy. Tax declaration services are performed after company establishment. So what taxes do businesses in Vietnam need to pay? When is the deadline for declaring and paying taxes?
To better understand tax accounting work in Vietnam. Let’s find out the information below with Thuan Viet!
I. Tax declaration support services for businesses in Vietnam
a) What is tax declaration?
Tax declaration is the process by which taxpayers provide, declare documents, calculate data and pay the taxes that businesses and individuals must pay to the tax authority according to the provisions of law.
For taxpayers, they must calculate the data to be submitted themselves, and the declared information must be complete, accurate, and truthful according to the prescribed form.
b) Types of taxes that businesses need to declare
The types of declarations that businesses need to know and make tax declarations are:
- The first is value added tax (VAT).
- Corporate income tax (CIT)
- Declaring personal income tax (PIT), including: declaring personal income tax deduction (quarterly/monthly) and performing personal income tax finalization.
- License tax is paid annually
- Report on invoice usage
- Year-end financial report
For foreign contractors, there will be additional taxes:
- Personal income tax for foreigners
- Declaring foreign contractor tax
- Import and export tax
- Other taxes: Depending on the business, foreign businesses must also pay other taxes such as resource tax, land use tax, special consumption tax, etc
II. When is support for tax declaration & tax payment?
2.1 Deadline for declaring and paying taxes
Deadline for submitting declarations, paying VAT (if any), and reporting on invoice use
Note: The company does not generate input and output invoices on time. The company also submits VAT declarations and personal income tax declarations if there is income subject to personal income tax during the period.
– Time limit for declaring and paying VAT:
- Quarter 1: Deadline is April 30
- Quarter 2: Deadline is July 31
- Quarter 3: Deadline is October 30
- Quarter 4: Deadline is January 31 of next year
– Invoice usage report:
- Quarter I: Deadline for submission is April 30;
- Quarter II: Deadline for submitting applications is July 30
- Quarter III: Application deadline is October 30
- Fourth quarter: application deadline is January 30 of the following year.
– Corporate income tax (CIT):
- Declare and submit quarterly, the deadline for submission is the 30th day of the first month of the next quarter.
- Declare and submit annually, deadline is 90 days from the end of the fiscal year.
– Personal income (PIT):
- Deducted and paid monthly, the deadline for payment is the 20th of the following month.
- Declare and submit annually, deadline is March 30 of the following year.
– Excise:
- Declare and submit annually, deadline is January 30 every year.
Providing accounting services in Ho Chi Minh City, Viet Nam
See more: Accounting services
III. Tax declaration service at Thuan Viet’s tax department
Thuan Viet Accounting was established in 2010. With more than 13 years of experience in the field of Tax accounting. Providing comprehensive accounting services (tax declaration, financial reporting, company establishment, social insurance, short-term accounting training, etc.) for hundreds of businesses each year. Thuan Viet is confident that it is a tax agency trusted by customers and highly appreciated for its prestige and professionalism in service.
The content of tax declaration services at Thuan Viet includes:
- Carry out tax declaration and initial tax registration.
- Set up and build the initial accounting book system.
- Carry out procedures for paying license tax and register for first printing of invoices.
- Check and process input and output documents in accordance with legal regulations.
- Classify, arrange and close accounting documents.
- Accounting and recording documents and other transactions according to regulations.
- Notify businesses promptly of issues such as: Cash fund, banking, inventory, debts, expenses of all kinds;
- Consulting on balancing data and risk issues that businesses may encounter:
– Balance revenue and costs
– Taxes (VAT, CIT, PIT…)
– Products, costs, profits
– Balance cash flow for businesses. - Make monthly, quarterly and annual tax reports and send them to tax authorities according to regulations.
- Prepare financial reports, annual tax settlement reports… annual tax settlement reports.
- Prepare and print all types of accounting books.
- Deliver and receive documents and accounting books with tax authorities and your company.
- Consulting on accounting, taxes, labor issues, social insurance and invoices and documents for businesses.
- On behalf of the enterprise, work and explain to the tax authorities within the scope of work performed.
With the motto: “Thuan Viet does not accept cheap prices, only accepts the right value and brings a lot of value to the business. Committed to bringing many benefits to customers and not letting others have to redo our work.”
IV. Why should you use the tax declaration service at Thuan Viet Accounting?
Benefits when using tax declaration services at Thuan Viet Accounting Agency:
- Have more peace of mind when there is an accounting team with highly specialized knowledge available. Has many years of practical experience working with tax authorities and other related units.
- Ensuring compliance with the law: High working expertise will help businesses declare correctly and completely, avoiding legal risks.
- Save time and optimize costs: When using the service, businesses will not need to worry about tax work instead of doing it themselves. That time can be focused on business activities.
- Report work according to progress, quarterly. Consulting support during the work process.
In addition to the working method and some benefits provided above. Businesses also immediately receive incentives when using the service, such as:
- When using accounting services at Thuan Viet, you will receive a free tax declaration for the first time for new businesses.
- Free consulting support throughout the process of providing accounting and tax legal services.
- Receive preferential prices when using other services
V. Most frequently asked questions
Does a business with no revenue have to pay license tax?
Have. Even though the business does not generate revenue, it still must fulfill the obligation to pay annual license tax until it stops operating.
Where is the address that provides tax declaration services?
Thuan Viet provides a variety of accounting services in Vietnam. Specifically, in all districts and districts in Ho Chi Minh City
Scope of tax accounting services at Thuan Viet?
In addition to tax declaration services, Thuan Viet’s ecosystem is also diverse with other services such as: Full accounting services, year-end financial reports, tax reports, Labor, social insurance, Establishing a company, changing business license,…
In short, the tax declaration service at Thuan Viet hopes to help your business solve the problem promptly. If you have any questions related to tax declaration services in Vietnam. Please contact Thuan Viet via phone number 0392616085 – 0907958205 (Ms.Binh).
Thuan Viet thanks you for your interest in our services. It will be a pleasure to help your business in the future. Welcome!
