The Necessity of Tax Consulting Services
In today’s business environment in Vietnam, enterprises often face major tax-related challenges such as:
Lack of an effective and reliable tax compliance system;
Inability to stay updated with the continuous changes in tax laws;
Different interpretations of the same tax regulations;
Insufficient preparation to defend their positions when dealing with tax authorities;
Unexpected tax expenses arising from disagreements with tax authorities regarding the interpretation of tax laws, which may result in being deemed in violation and subjected to heavy penalties.
Therefore, we recognize that taxation is an extremely important issue and a major concern in the business operations of enterprises.
Given that Vietnam’s tax laws and regulations are not yet fully consistent and stable, businesses face difficulties in staying updated and flexibly applying tax policies. For this reason, we have developed a team of experienced and knowledgeable tax consultants capable of providing comprehensive and practical solutions for all types of taxes in Vietnam.
We always assist clients in effectively planning and calculating the applicable taxes for their specific businesses in order to support their business objectives and help minimize the tax impact on their operations.
We regularly update our clients with the latest changes in Vietnamese tax regulations and advise them on the most efficient ways to organize their operations in Vietnam, while also providing early warnings and support in managing potential risks.
The tax consulting services provided by CPA VIETNAM are diverse and include:
Tax Review Services
Identifying errors in tax declarations and advising clients to make early adjustments to minimize the risk of penalties;
Advising on alternative approaches where tax regulations are unclear;
Identifying tax-saving opportunities and advising clients on how to realize those savings;
Advising clients on how to improve their tax compliance systems;
Equipping clients with the necessary information and knowledge to defend their positions when dealing with tax authorities.
Assistance in Working with Tax Authorities
Supporting clients during tax inspections and audits;
Assisting clients in seeking opinions or official letters from tax/customs authorities on unclear tax issues.
Tax Planning and Optimization Services
Reviewing clients’ business/restructuring plans and objectives;
Developing alternative tax scenarios consistent with business plans; analyzing the benefits and costs of each option and recommending the optimal one;
Proposing necessary changes to clients’ business plans to optimize tax benefits while ensuring legal and commercial feasibility;
Coordinating with different internal departments or legal advisors when necessary.
Monthly VAT declaration and annual tax finalization services;
Personal income tax declaration, finalization, and submission services for both Vietnamese and foreign individuals;
Tax planning services;
Tax refund services and advisory on tax regulations;
Review of compliance with current tax policies (Corporate Income Tax, Value Added Tax, Foreign Contractor Tax, and Personal Income Tax);
Advisory services on tax implications of proposed contracts or financial decisions;
Consulting services on import/export taxes and transfer pricing;
Advisory and support services for businesses encountering tax-related difficulties;
Other tax consulting services upon clients’ requests.