Tax health check
Compliance – Security – Efficiency
Services
General description of the service
With this service, our team of professionals supports enterprises in assessing and improving their tax systems, ensuring compliance with current legal regulations and minimising tax risks. The service includes reviewing tax returns, financial statements and accounting documents, and reconciling data to identify errors and discrepancies, together with recommendations for improvement.
The deliverable of this service includes a Management Letter setting out our detailed findings on the enterprise’s tax compliance status, together with specific recommendations on measures to improve tax processes.
The objective of the service is to help enterprises not only protect their legitimate interests, but also optimise financial processes, minimise tax risks and enhance the efficiency of their financial operations.
Service Usage Context
- Small and Medium-sized Enterprises (SMEs): Enterprises without a well-established tax system may use the service to identify errors, optimise financial processes and reduce tax risks.
- Large Enterprises or Multinational Companies: Require reviews and improvements to their tax systems to ensure regulatory compliance and minimise financial and tax risks.
- Enterprises Facing Tax Errors: The service helps identify and rectify errors, improve processes and ensure compliance with applicable regulations.
- Enterprises Preparing for Tax Audits: Helps enterprises better prepare for tax audits by reviewing and improving tax returns, financial statements and accounting documents.
Service delivery process and timeline
Service process
- Hold detailed discussions with the client to understand its accounting and tax-related issues, requirements and current circumstances.
- Define the scope of the accounting and tax review and agree with the client on the procedures to be performed.
- Collect tax filings, financial statements, accounting records and other relevant tax and accounting documents required for the review.
- Review the accuracy and completeness of tax returns and financial statements.
- Reconcile figures reported in tax returns with detailed supporting schedules.
- Check the consistency of figures between accounting records and financial statements.
- Review transactions included in detailed schedules to identify those that are not eligible for tax deduction or refund, and discuss with the client the appropriate recognition treatment for tax filing purposes.
- Perform detailed reviews of accounting transactions such as revenue, expenses, investments, borrowings, expense allocations, depreciation and provisions, and assess the reasonableness and accuracy of the supporting documents relating to each transaction.
- Select transaction samples from detailed schedules and inspect supporting documents, including invoices, payment documents, contracts and receipts.
- Review taxes payable, taxes paid and tax refunds, and reconcile these amounts with tax filings to identify any errors or irregularities, if any.
- Identify errors in tax filings and supporting documentation.
- Recommend adjustments to rectify identified issues and ensure accuracy and compliance with applicable regulations.
- Prepare a detailed explanatory report.
- Provide the client with a Management Letter setting out the findings and recommendations for improving the enterprise’s tax system and processes.
Timeline for Service Delivery
The timeline for delivering the tax health check services depends on the scope of work, client feedback, and cooperation, including coordination with the client’s accounting and finance departments, and tax authorities.
Typically, we carry out and complete this service within 2 to 4 weeks for most cases. However, for urgent cases with tight deadlines, we implement special measures such as mobilizing additional resources, flexibly adjusting processes, and requiring close cooperation from the client to ensure timely completion of the work.
Quotation process and service fees
To prepare and send you a tailored quotation, we kindly request that you provide relevant information via our form and/or through an in-depth discussion. Based on the information collected, we will analyze your needs and specific requirements in order to:
- Assess the feasibility of service delivery: Determine whether we can provide the requested service appropriately and at a guaranteed quality level.
- Advise on optimal solutions: Recommend alternative solutions (if any) to help optimize efficiency and cost-effectiveness for your organization.
If we are able to support you, we will propose a reasonable fee based on:
- An estimated workload of the engagement;
- The level of professional expertise required from our team.
Estimated response time: The quotation process will be completed within 12 to 24 hours upon receiving your request.
Frequently asked questions
1. Are enterprise information and data kept confidential when using tax services?
We are committed to maintaining the absolute confidentiality of all client information under a Non-Disclosure Agreement (NDA) and apply advanced data security measures to ensure information is protected.
2. Can enterprises receive tax advice on an ad hoc basis, or is a long-term contract required?
We provide both ad hoc tax advisory services and long-term service arrangements, depending on the enterprise’s needs. Under a long-term engagement, enterprises can receive timely support and continuous updates on changes in tax policies and regulations.
3. Do small enterprises need to engage tax services?
Yes. Regardless of size, accounting or tax errors may still result in penalties or create difficulties when the enterprise expands its operations. Using professional tax services helps enterprises ensure regulatory compliance, minimise errors and legal risks, reduce personnel costs, and focus resources on core business activities.
4. Can an enterprise change its outsourced tax service provider?
Yes. Enterprises may change their outsourced tax service provider if the current service no longer meets their requirements. We support data migration, document handover and onboarding to help ensure a smooth transition.
Brand commitment
Crowe Vietnam is committed to building and delivering on its brand personality, with the goal of fostering trust and providing an exceptional experience throughout our journey with clients and partners.
High professional quality at a reasonable cost
Crowe Vietnam is committed to delivering high quality solutions and services at reasonable costs, ensuring an exceptional client experience. We consistently strive for differentiation and continuously enhance the professional capabilities of our team to best meet the evolving needs of our clients.
A portrait of our clients & business partners
We aspire to collaborate with clients and partners who are committed to:
Insights
News
Overview of Crowe Vietnam
Top 9
International brand in Audit, Accounting, Tax, and Business Advisory
Top 9
Audit service provider for FDI enterprises in Vietnam
Top 15
Audit and Advisory service providers in Vietnam
18+
Years of operation (since 2008)
200+
Personnel (350+ including personnel of Crowe’s business associates in Vietnam)
4
Offices
1000+
Clients (1500+ including clients of Crowe’s business associates in Vietnam)
Crowe Vietnam Introduction Video
Why choose us for this service?
Choosing the right service partner is a key factor in ensuring both effectiveness and peace of mind. Here’s why Crowe Vietnam is the trusted choice for you.
International Brand
Crowe Vietnam is a full member of Crowe Global, a top 10 global network of audit, accounting, tax and advisory firms operating in 150 countries. Our international brand enables us to deliver high-quality tax services, helping clients ensure compliance and manage tax risks effectively.
Assured Expertise
With a team of experienced professionals holding internationally and locally recognised qualifications such as ACCA, CPA, CTA, ICAEW and CA ANZ, Crowe Vietnam is committed to delivering high-quality tax services that help clients optimise efficiency and ensure compliance.
Professional Services
Our clients regularly receive useful newsletters and publications, join professional seminars with experienced specialists, receive dedicated technical support, and gain access to a range of modern and practical support tools developed and continuously enhanced by Crowe Vietnam.
Strict Confidentiality
Crowe Vietnam places the highest priority on confidentiality and compliance, applying rigorous control measures to protect client information and prevent data security risks, thereby ensuring maximum transparency and security throughout the provision of tax services.
Global Support
Through our extensive connection with the Crowe Global network, we are always ready to help tax service clients access international professionals and seconded personnel, providing comprehensive support to address complex issues in today’s global business environment.
Reasonable Fees
Crowe Vietnam is committed to delivering high-quality tax solutions at reasonable fees, helping clients optimise costs. We continuously strive to improve and enhance operational efficiency, enabling clients to achieve maximum value within an appropriate budget.
Senior Personnel
Nam Nguyen
Chairman & Managing PartnerFCPA, CTA, FCCA
Lam Vu
General Director & Audit DirectorCPA VN, CPA AU, CTA, MA
Linh Nguyen
Partner, Tax & AdvisoryCPA VN, CPA Aust., CTA
Phat Tran
Partner, Audit & AssuranceFCCA, CIA, CPA VN, CTA