Tax Filing (outsourcing)

Service Description

With this service, we will act as the customer's tax department to help:

• Declare taxes in a complete, accurate, timely manner, and comply with Vietnamese tax regulations;
• Advise on solutions for arising tax risks or advise on the most optimal ways to apply tax regulations to business activities (for example, choosing which tax incentives to benefit from) What is the most tax-saving treatment, etc.).

Accordingly, our detailed works are as follows:

• Actively coordinate with the accounting department to collect all relevant data and documents for the purpose of declaring taxes arising in the period. This step would not be necessary if we were to simultaneously provide bookkeeping and financial reporting services to our clients.
• Actively coordinate with the accounting department to collect all relevant data and documents for the purpose of declaring taxes arising in the period. This step would not be necessary if we were to simultaneously provide bookkeeping and financial reporting services to our clients.
• Check the provided documents and records, analyze transactions, calculate, and declare correctly on tax forms as prescribed. When we notice unclear issues related to tax obligations of arising transactions, we will promptly inform and discuss with customers, then propose options for customers to consider and approval before officially declaring.
• Send draft tax returns to clients for review and approval (usually via email) before they are officially submitted to the tax authorities. In addition, if it is found that there are errors in transaction processing, leading to unnecessary tax costs (e.g. related to invoices, contracts, related documents, accounting methods, and methods of handling certificates). words,…), we will attach a report of findings and recommendations to help relevant departments of the customer to take note and learn from the experience for the next time.
• File tax returns at the right place and on time as required by the tax authorities.
• Instructing customers to make correct and timely tax payment orders (or paying for customers).
• Support customers to provide documents and explain to tax authorities issues related to tax returns that we make for customers.

Note: We provide both bookkeeping and tax filing outsourcing services; let's contact us for further understanding. See the detailed description of bookkeeping services in "Accounting Services."

Scopes of work: Depending on the client's specific requirements, we can provide this service package for some or all types of tax (Ex: Corporate Income Tax (CIT), Value Added Tax (VAT), Foreign Contractor Tax (FCT), Personal Income Tax (PIT),..). Besides, it also depends on which tax periods and independent accounting units (one company may register more than one independent accounting unit with tax authorities) the client wants to apply for the service.

Clients consider using this service mainly because of the following benefits:

• Meet business schedules in urgent cases: Outsourcing may be a feasible choice as outsourcing service providers are likely to have available resources to complete jobs in a timeline required by clients.
• Help clients to save much effort and time: depending on the business nature, stages, and sizes, many companies feel that it costs more effort and time to self-build a tax – accounting department than using outsourcing services. More staff means more effort and time for management activities such as recruiting, training, supervising, developing, assessing, and firing. Such effort and time could be more efficient if focused on core business activities.
• Help clients to save costs: In many cases, outsourcing service fees may be high for each time using the service. However, if compared with the total costs for self-building up and maintaining a tax & accounting department in a fiscal period, outsourcing fees are often lower. The costs usually include salary, bonus, allowance, tax, health & insurance costs, office & tool costs, training costs, and many other related management costs). It will be even much higher if clients have offices across the country or abroad.
• Help clients feel more secure about job quality: Generally speaking, outsourcing service providers are likely to have personnel with good-enough professional knowledge and experience as they are under more frequent training and practice. For most companies, training is a hard job and inefficient. Besides, outsourcing service providers often have new ideas and updates as they may learn them from many clients of different industries and categories. Their advice is likely to help clients avoid risks or make the most use of available advantages.