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Vietnam has always managed to attract foreign investors because of its great geological location and its dynamic young workforce. That is why attracting foreign investors has been of key importance in Vietnam’s External Affairs Policy. It is one of the main reasons why Vietnam has various easier Tax and Compliance Laws to create a seamless … Continued
Value-Added Tax, or VAT (Thue Gia tri Gia tang – GTGT) in Vietnam, is imposed on the value added to the goods or services at each production stage, from raw materials to manufacturing to distribution to end consumers. The VAT applies to goods and services purchased from foreign sources as well. However, there are exempted … Continued
This article has been updated to reflect the 2022 annual tax return, known in Vietnam as “Tax Finalization” for complete accuracy. In this article, we will refer to Annual Tax Return as Tax Finalization. If you are still confused and wonder how to go about this time-consuming task of navigating and understanding Vietnam’s annual tax … Continued
In an effort to create an attractive business environment for foreign investors and reduce the complexity of Vietnam’s policy of digitalization, the Vietnamese government took a huge step towards becoming one of the most prominent and emerging global business hubs. One of these policies is by making some accounting features digitalized for ease of processing … Continued
In summary, the foreign contractor withholding tax occurs in Vietnam when a foreign company offers a paid service to any company in Vietnam. The Foreign Contractor Withholding Tax (also known as FCWT) was included in the Circular No. 103/2014/TT-BTC.
The latest tax deadlines in Vietnam for the year 2022. This is particularly useful for foreign companies operating in Vietnam.
For most foreign investors doing business in Vietnam, taxes and money issues are the most important things that they will have to be extremely careful about. Therefore, one of the vital elements for your business to succeed is to get yourself familiar with the accounting standards as well as bookkeeping regulations in Vietnam. Find Out … Continued
While expanding one’s business in Vietnam, an investor should stay updated on the prevailing accounting and Taxes regulations and setup options. Failing to do so would have legal as well as financial repercussions. Thus, a foreign investor must keep abreast of the latest amendments in tax policies. As you plan to set up your accounting … Continued
Accounting & bookkeeping compliance in Ho Chi Minh City is an entire process best left to the experts who are always on top of updates & more.
What is a Chief Accountant? Chief accountants are an essential part of most companies in Vietnam. A chief accountant is an accountant with more advanced degrees and is able to take on the responsibilities needed to keep your taxes set up correctly and filing on time and within the constraints of the law. The Vietnamese … Continued
Compared to other types of outsourcing services in Vietnam, accounting services are among the most important aspects of businesses. In these uncertain times, outsourcing can help you reduce overhead costs significantly as well as being able to free up other resourcing so you can spend time developing your business. It is also related to the … Continued
This simple FDI audit is required of every foreign company doing business in Vietnam. The audit is due on March 31st of the calendar year. This is based on a new investment law introduced in 2021, Law 61/2020/QH14 on Investment, Decree 31/2021/NĐ-CP, the investment law and the guideline for implementation Decree took effect on the 1st … Continued
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