Tax Filing (Outsourcing)

With this service package, we will act as a tax department of the client to ensure that adequately, accurately, timely, and compliant with Vietnamese tax laws. Besides, while providing the service, we often advise clients on tax risks, if any spotted, and how to optimize tax laws in their businesses (Ex: tax incentives, tax saving,…).

Accordingly, our detailed works are as follow:

• Coordinate with the client's accounting department to collect related data and documents for tax filing for types of tax in a period. This step will not be necessary if the client also uses our bookkeeping services.
• Check and analyze the collected data and documents to calculate tax amounts and fulfill tax forms as required by tax laws. If any unclear issues, we will promptly inform and discuss with clients and then propose proper solutions for the client's consideration and approval for the next steps.
• Send the fulfilled tax forms to the client for review and approval before officially submitting to tax authorities. Besides, we also attach a recommendation report which presents issues of the data or documents prepared by the client's teams and our according recommendations for the client's enhancement in the next periods.
• Submit the fulfilled tax forms to local tax authorities
• Guide the client to make payments for tax amounts or pay tax on behalf of the client if required.

• Support the client to provide explanations to tax authorities regarding the tax filing when and where required.
  
  

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) that the client wants to apply the service.

• 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 of effort and time: depending on 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, 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 secured 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 almost 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.