Why tax consulting service?
There are various reasons to have a team of professional tax consultants with you and your business:
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Tax rules and regulations change constantly
The economic world changes every day and tax laws and regulations are frequently updated to reflect governmental directions toward the domestic economy. However, your accounting division is so much burdened with daily routine transaction processing and recording that they hardly can update themselves on these changes. Viettintax will consult you on any query regarding tax rules and keep you alerted of tax policy changes via weekly newsletter, monthly newsletters and tax update seminars
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Complicated tax rules whose adoption varies case by case
Each economic transaction is regulated by a number of tax laws that you are hardly aware of them unless you have an extensive knowledge about the tax system. Not “doing the right things” might results in severe tax penalties for your business upon tax inspections. With a tax consulting team of extensively knowledgeable specialists, including but not limited to tax laws, corporate laws, labor and insurance laws and custom regulations, Viettintax helps you identify tax regulations on your transactions, anticipate tax risks and develop solutions to your problems.
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Your business is newly established and you are not familiar with initial tax procedures
Newly established enterprises find them the most vulnerable to tax risks as the business owners are new to the initial tax procedures, i.e. what you have to do in the early stage of the business, which unfortunately prove to be quite a burden to any entity.
The operations of foreign invested enterprise (FDIs) are subject to regulation by a variety of tax laws and you must be clear on what you are permitted to do and what you are NOT. Failure to stay away from prohibited activities gives rise to risk of severe administrative penalty upon inspection. Our tax consulting service draws a clear picture of initial procedures you need to follow as well as what you are or are not permitted to do, so that you can fully devote to your operation processes.
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You expect to minimize tax risk exposure by receiving red flags as soon as possible
Loss due to tax violations, both intentionally and unintentionally, are visible to any business and minimizing it is the priority concern of any financial managers and business owners. The most appropriate solution is to carry out tax health check (also known as tax review) on a regular basis to identify tax risks as soon as they arise and driving solution to mitigate or minimize them. Unfortunately, maintaining a tax team within the business is in most cases out of the question due to budget burden, while accounting team is already fully occupied by daily routine accounting work. Therefore, Viettintax builds up tax health check service to get all these things done economically for you.
Our tax consulting service in a brief
Our tax consulting service consist of primarily the following activities:
- Tax retainer on VAT, CIT, PIT, business license tax (BLT), special consumption tax (SCT), foreign contractor tax (FCT), import and export tax (EXIM tax), etc.;
- Consulting on initial procedures such as investment registration, enterprise registration, initial tax procedures;
- Periodical tax health check service;
- Tax inspection and tax refund support service.
Who use our tax consulting service?
Every individual and entity in the economy is governed by tax laws and regulations, each differing on the type of ruling tax regulations. Our tax consulting service is tailored to each subject to meet their requirements, including corporate, individuals, households, banks and financial institutions, insurance companies and other economic entities across the nation.
Beside tax consulting service, Viettintax Auditing Company Limited also provides: Financial statement audit service, Internal audit service, other Audit and assurance services, Construction project completion audit, Outsourced accounting service, Tax agent service, Investment advisory service and Valuation services.