Accounting and Tax Compliance Services in Vietnam

We provide bespoke accounting solutions in Vietnam that take care of Vietnamese tax registrations, bookkeeping, consolidation, and statutory accounts preparation and filing. Our TMF Group Vietnam office can also help you prepare corporate management reporting documents, which are required by both Vietnamese governmental and international accounting standards.

It is essential that a business in Vietnam stays abreast of its accounting as there are 30 tax payments required each year. These take an average of 770 hours to complete, which is four times longer than the 177 hours it can take in OECD high income countries (based on the Doing Business report). Tax payments account for about 39% of government revenue.

Effective and efficient accounting can help settle potential investment and business disputes and monitor informal charges – an endemic system for Vietnam.

TMF Group Vietnam can support your accounting needs and help you maintain tax compliance with the following services:

Accounting services

  • Initial set up of accounting systems
  • Bookkeeping and reporting services
  • Preparation of financial statements in compliance with accounting standards and practices (Vietnamese Accounting Standards and Systems, International Financial Reporting Standards and relevant generally-accepted accounting principles of other jurisdictions)
  • Acting as chief accountant
  • Assistance with bank accounts and payment management services
  • Assistance with the invoice printing process
  • Preparation of statistical reports
  • Validation of the legitimacy of invoices/receipts attached with expense claims and payment requests

Tax compliance services

  • Preparing and submitting business licensing tax annual declarations
  • Preparing and submitting value-added tax (“VAT”) monthly and quarterly declarations
  • Preparing and submitting corporate income tax (“CIT”) quarterly estimations and  annual declarations
  • Preparing and submitting report on related party (affiliates) transactions
  • Preparing and submitting withholding tax (“WHT”) documentation
  • Providing updates on changes to tax legislation

Speak to our experts today

Get in touch to find out how our experts can help grow your business. If you need any more information, or simply wish to ask a question, feel free to get in touch.

Make an enquiry