Personal Income Tax (PIT) for Expatriates in Vietnam: Your Easy Guide

The personal income tax system in Vietnam can be challenging sometimes. Like most jurisdictions around the world, the Vietnamese tax system imposes special regulations on expatriates living and working in the country. The personal tax system for foreigners living in Vietnam involves special tax rates, calculations, and procedures. These calculations and procedures can be much … Continued

Know how to Setup & Plan Your Corporate Income Taxes in Vietnam

Corporate income tax laws and compliance in Vietnam are often complex and time-consuming, and the regulations change quite frequently due to the fact that Vietnam is still developing its economy. Several lodgments may be required on an annual or quarterly basis based on your company’s condition. Read More About Cekindo’s Corporate Tax & Compliance Services … Continued

Be Informed on Corporate Tax and Compliance Obligations in Vietnam

A well-known fact for doing business anywhere in the world is that fulfilling tax obligations is absolutely mandatory, and is one of the most important elements to keep track of. Errors in tax filing and submitting can have severe financial and legal consequences. Vietnam, in particular, has a considerably complex tax structure, which might be … Continued

5 Challenges of Accounting and Tax Compliance in Vietnam

Constant changes and ever-increasing complexity to the taxation system as well as technology adoption in Vietnam results in challenges for modern accounting and tax compliance when doing business in Vietnam. Although these processes are slowly improving and becoming easier to navigate, it still requires specific local knowledge of taxes and an updated knowledge base on … Continued

Vietnam passes a VAT reduction as Tax relief for 2022 due to COVID-19

The standard Vietnam VAT rate is 10%, however, as a result of the economic hardships brought on by the pandemic and subsequent lockdowns, on January 11, 2022,The National Assembly approved a Resolution on fiscal and monetary policies to support the Socio-Economic Development and Recovery Program, which will be in force until December 31, 2023. In … Continued

Tax Advisor in Vietnam: What You Need to Know Before Outsourcing

In a developing economy like Vietnam, it is challenging to get a hold of tax regulations, especially when they are revised frequently, which is to be anticipated given the country’s rapid economic growth.
With a thorough understanding of Vietnam’s regulatory tax landscape, Cekindo’s team of specialists provides the following range of tax advisory services.

Your Guide to Value Added Tax (VAT) in Vietnam for 2021

Value Added Tax, or VAT, is one of the taxes that a consumer pays in Vietnam when they purchase goods and services for production, consumption, and trading. The VAT applies to goods and services purchased from foreign sources as well. However, there are exempted goods or services that attract VAT. Read More about Cekindo’s Corporate … Continued

How to Avoid Penalties for Violations in Tax and Invoicing in Vietnam

Decree 125/2020/ND-CP dated 19/10/2020 is a relatively newly issued Vietnam Tax Law, which has been effective since December 5, 2020. The new law states several penalties and the resulting fines for the violation of certain tax and invoice regulations. Find Out How Cekindo can Help with Corporate Tax & Compliance Outsourcing Services Thus, ensuring tax … Continued

All You Need to Know About Compliance with Financial Statements in Vietnam

Vietnam provides a conducive environment for international investors for doing business. However, the government requires all businesses to comply with financial requirements, including reports, and stay updated on any changes in the law, which do happen more than you might expect.  A financial statement is the most crucial component of a financial report, and it … Continued

Your Guide to Tax Compliance Deadlines in Vietnam for 2020

Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. … Continued

The Most Common Tax Infringements in Vietnam and How to Avoid Them

The details of taxation law in Vietnam can change from year to year. As a smart business owner, you absolutely do not want the Vietnamese tax authority to knock on your door later telling you that you have committed tax infringements. Therefore, you need to clarify anything you don’t completely understand with regard to the … Continued