Corporate Tax Reporting and Compliance

Compliance Consulting in Vietnam: Ensuring Adherence to Government Regulations and Standards

  • 8 mins. reading time

A compliance consultant in Vietnam ensures that a business adheres to governmental regulations and standards. These consultants can work in various industries, such as banking, insurance, health, or oil, but typically have specialized knowledge in a specific area. They are usually tasked with identifying compliance concerns, implementing measures to mitigate risk, training employees, and handling … Continued

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

  • 9 mins. reading time

Vietnamese tax law’s provisions are subject to yearly amendments. Therefore, tax infringements may occur if you are unaware of the changes. Operating a successful business in Vietnam requires maintaining a seamless operation while avoiding government audits, inspections, and fines. This is heavily dependent on having competent tax professionals who are up to date with the … Continued

Complete Guide to Corporate Taxes and Compliance Obligations in Vietnam made by Experts

  • 11 mins. reading time

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

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

  • 5 mins. reading time

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 industry, size and invoicing amount. Read More About Cekindo’s Corporate … Continued

Tax Incentives in Vietnam: A Comprehensive Guide for Foreign Companies

  • 5 mins. reading time

As Vietnam presents a more and more open economy in order to attract foreign investment, the government has created some interesting tax incentives. These include paying no taxes for a certain period of the initial establishment in the country, involving tech-based industries, and investing in underdeveloped geographical areas of the country. Understanding and applying for … Continued

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

  • 4 mins. reading time

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. As Vietnam’s economy has witnessed exponential growth over the last decade, the The personal tax system for foreigners living in Vietnam involves special … Continued

5 Challenges of Accounting and Tax Compliance in Vietnam

  • 4 mins. reading time

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

  • 3 mins. reading time

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

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

  • 5 mins. reading time

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

  • 5 mins. reading time

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