Corporations in Vietnam are subject to corporate income tax. Tax authorities require businesses to file CIT returns annually and adhere to deadlines.
Value-added tax is imposed at every stage of production and distribution. Vietnam exempts or reduces VAT on some goods and services. VAT registration, invoices, and returns are required by tax regulations.
Employer income, business income and investment income are all taxed in Vietnam. PIT must be withheld and remitted by employers for certain taxpayers.
There are also excise, import-export, land and property taxes in Vietnam. Businesses must understand these taxes' applicability and compliance requirements to avoid penalties.
Tax and accounting practices improve transparency by accurately recording and reporting financial transactions, providing stakeholders with reliable and timely information.
By identifying opportunities, mitigating risks, allocating resources efficiently and optimising performance - these effective tax and accounting practices can significantly support strategic decision-making processes.
Transparency and adherence to accounting standards increase investor confidence, attracting investment and fostering long-term relationships.
Businesses in Vietnam must comply with accounting standards, taxation laws and regulatory requirements. Good Tax and accounting practices ensure compliance and help prevent any penalties and fines to the organisation.
Business owners operating in Vietnam's dynamic market face significant challenges when it comes to tax compliance. Businesses require strategic guidance and support to assist in tax compliance and optimise tax efficiency. Galaxy Group provides comprehensive tax compliance solutions for businesses in Vietnam. Galaxy Group provides tailored services to help businesses mitigate risks and fulfill their tax obligations, from tax planning to recordkeeping to engaging tax advisors and staying up-to-date with regulatory changes.
Galaxy Group's tax planning strategies help businesses optimise their tax liabilities, minimise tax risks, and take advantage of tax incentives. Businesses can manage their tax affairs proactively with us.
Keeping accurate and organised tax records facilitates tax compliance and audits. We digitise and centralise tax-related documents for easy access and retrieval.
Galaxy Group updates businesses on Vietnam's taxation landscape. Keep abreast of changes to tax laws, regulations, and reporting requirements to avoid non-compliance and penalties.
Galaxy Group emphasises on the importance of timely tax filing to avoid penalties. Business tax returns must be accurate and complete throughout the filing process.
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