Company formation
Choose the right legal form: LLC, joint stock company, joint venture, representative office or branch.
- Comparison of every legal form
- Business-line and capital check
- Vietnamese-owned companies too
Accounting & tax
Monthly accounting and tax for foreign-owned companies
Every company in Vietnam keeps books under Vietnamese Accounting Standards and files tax returns electronically, whether it earns revenue or not. We take the whole cycle off your hands and report to you in English, Korean or Chinese.
What is included every month
- Recording invoices, bank transactions and expenses in a VAS-compliant ledger
- Checking supplier e-invoices so input VAT can be claimed
- VAT returns (monthly or quarterly) and personal income tax withholding returns
- Quarterly provisional corporate income tax calculation
- A management report in your language: revenue, costs, cash and taxes due
The tax calendar in brief
| Filing | Who | Deadline |
|---|---|---|
| VAT return | All companies using the credit method | 20th of the next month (monthly) or last day of the first month of the next quarter (quarterly) |
| Personal income tax withheld | Companies paying salaries | Same rhythm as VAT |
| Provisional corporate income tax | All companies | Paid by the 30th of the first month of the next quarter |
| Annual CIT and PIT finalisation | All companies | Last day of the 3rd month after year end |
| Audited financial statements | Foreign-invested companies | Within 90 days after year end |
Year-end, audit and transfer pricing
Foreign-invested companies must have their annual financial statements audited by an independent audit firm. We prepare the statements, work with the auditor and file the tax finalisation. If your Vietnamese company trades with or borrows from related companies abroad, we prepare the transfer pricing disclosure and, where required, the documentation.
Chief accountant service
The law requires a company to appoint a chief accountant or to hire a licensed accounting service provider to perform that role. Our licensed partner can take on this role for you, which is usually cheaper than hiring a full-time chief accountant in the first years.
Cleaning up past years
Taken over a company with missing filings, or changed accountants? We review the books, fix past returns and prepare the company for a tax inspection or audit.
Questions about this service
Do I need to file tax if the company has no revenue yet?
Yes. Returns are due from the first period after registration even if they are nil. Missing them leads to fines and can block the company's tax code.
What is the corporate income tax rate in Vietnam?
The standard rate is 20%. Lower rates and tax holidays are available for incentivised sectors and locations, such as high-tech projects or some industrial zones.
Can you work with our head office's accounting system?
Yes. We keep the statutory Vietnamese books and also map them to your group's chart of accounts, so you can consolidate each month.
Other services
FDI company setup
Investment and enterprise registration, the capital account and every post-licence step.
- IRC and ERC filing
- Document legalisation guide
- Seal, bank, tax and e-invoice setup
Work permit & TRC
Work permits, exemptions, investor and work visas, temporary residence cards.
- Work permit or exemption
- Investor and work visas
- Temporary residence card
Payroll, insurance & bank
Monthly payroll, PIT, social insurance and the direct investment capital account.
- Payslips and PIT
- Social, health and unemployment insurance
- DICA and profit remittance
Tell us what you want to do in Vietnam.
Send your business activity, the city and your nationality. Within one working day you get a written plan: the right company type, the documents, the timeline and a fixed quote.