We prepare and submit your returns timely and correctly throughout the year, so you can maintain compliance, enjoy peace of mind, and avoid penalties. We will advise you well in advance of upcoming deadlines.
We review the provided and compiled source data and enter it into AccNet (or other locally compliant software if required). Your books and accounting records are maintained in two languages: Vietnamese and English.
Our services include:
Financial reporting (annually)
We will prepare a full set of annual financial statements in accordance with VAS and the necessary reports for tax lodgment and audit purposes. In addition to the required VAS compliant general ledger, we also help with developing monthly management financial reporting. These reports not only let you make strategic decisions but also maintain compliance with local and international industry standards.
Monthly, annually
As a licensed provider of professional Chief Accountant services, we can designate our personnel to be registered as your Chief Accountant. This role represents a key function for every company operating in Vietnam, and reviews, approves, and signs accounting vouchers and documents.
We will:
One-off
We will complete an annual Financial Statement preparation in line with VAS requirements. However, additional audit obligations may arise at any time during the year (for example, for foreign-invested companies). In that case, we will assist you with those requirements and work with your nominated auditor.
Specifically, we can support with additional assistance in the audit process:
We will provide requested information that we have on hand to your auditor to facilitate your audits. These may include statutory Vietnamese Audits (as required by foreign-owned companies in Vietnam), group audits as are necessary for parent company consolidation purposes, or interim audits for transaction purposes.
Annually
The concept of VAT in Vietnam revolves around the tax Invoice (commonly referred to as a red invoice), and Acclime will assist you with meeting the input and output compliance obligations for VAT, along with the monthly/quarterly lodgments, refund claims for investors, and annual requirements.
Our services include:
Monthly, quarterly & annually
Please note that you will be in charge of collecting necessary information from the foreign contractor and send them to us for tax declaration and lodgment. We will then:
Once we receive your documents we will:
Ad hoc
We assist with meeting your ongoing corporate income tax obligations in Vietnam, including annual finalisations, quarterly provisional lodgments, and monthly documentation for compliance and strategic planning. Throughout the year, we will alert and advise you of any significant tax issues and potential risks.
Our services include:
Monthly, quarterly & annually
We will take care of your annual declaration of business licensing tax, even advising if you liable for it.
As part of this service, we will:
Annually
We will assist you on quarterly and annual PIT self-finalisation, on your behalf, and this includes preparation of calculations, collecting the required documents, lodging with the relevant tax authorities, and conducting required procedures.
Quarterly & annually
Statistical Reports:
Companies in Vietnam are required to lodge various statistical reports on an annual basis with relevant authorities, based upon their income sources, licensed activities, loan status, and employment decisions. We will assist the company in meeting these obligations as they arise.
DPI Reports:
All foreign-owned companies in Vietnam are required to lodge foreign investment reports with the Department of Planning and Investment (DPI) on a monthly, quarterly, and annual basis. We can assist the company with the preparation and lodgment of these reports as they arise.
Monthly fee
We will support in preparing the Form 1 as required by Decree 20/2017/ND-CP based on accounting records maintained by Acclime and your company’s supporting documents and forward it to you for approval. We will discuss with you any additional supporting services on transfer pricing compliance purpose and will be billed separately. We will also help with:
For clients seeking comfort in having access to professional advice and assistance, we offer a help desk service on retainer. Each month, we provide up to two hours of assistance in taxation matters by email or telephone.
Our service includes:
Additionally attached to the Monthly Management Letter are copies of the reports, lodgments, and other documents prepared, submitted, or distributed during the month (other than payroll files — for confidentiality purposes). This letter, and its attachments, can then be filed and retained by the company each month as support that it complies with Vietnamese obligations.
Switching from one accountancy firm to another does not have to give you sleepless nights! We will take care of the entire process for you, from start to finish, starting with contacting your current accountant to requesting all the info we need to register with VAS to act on your behalf. We will take care of the cumbersome process while you focus on growing your business.