Lasted News, Accounting & Tax

5 Key functions you should include in your outsourced finance and accounting package

Posted on by VINA TPT
5 key functions you should include in your outsourced finance and accounting package

5-key-functions-you-should-include-in-your-outsourced-finance-and-accounting-package

The period 2025-2026 marks significant developments in Vietnam’s tax and accounting framework. Circular 99/2025/TT-BTC, effective from January 1, 2026, introduces updates to accounting guidance, including changes to the chart of accounts and financial reporting, contributing to Vietnam’s gradual alignment with IFRS standards.

In addition, recent amendments to Corporate Income Tax regulations and the revised Law on Personal Income Tax (effective from July 1, 2026) will have a direct impact on compliance and business operations. Furthermore, the temporary VAT reduction to 8% (subject to government extension policies) continues to affect tax planning and cost structures for businesses.

These changes create challenges for many FDI enterprises in staying compliant, especially when simultaneously handling Vietnamese Accounting Standards (VAS), reconciliation with International Financial Reporting Standards (IFRS), tax management, and payroll for foreign employees (expatriates).

In this context, many companies choose outsourced finance and accounting services as a strategic solution. These services ensure compliance, optimize costs, reduce operational burden, and allow businesses to focus on core activities.

This article provides a comprehensive overview of the 5 key functions you should look for in an outsourced finance and accounting package. It is designed to help foreign investors select a reputable and suitable service provider in Vietnam.

1. Bookkeeping Management

Bookkeeping services (in outsourced finance and accounting package) involve the collection, verification, and recording of all financial transactions according to applicable accounting standards. It forms the foundation for preparing financial statements, tax declarations, and working with auditors.

From 2026 onward, with the implementation of Circular 99/2025/TT-BTC, enterprises must comply with the new chart of accounts and regulations under Vietnamese Accounting Standards (VAS). At the same time, they often need to address differences between VAS (used for local regulatory reporting) and IFRS (required by headquarters or parent companies). Accurate recording from the very beginning is therefore essential.

A professional outsourced finance and accounting package typically includes the following bookkeeping services:

Monthly tasks:

  • Collection, verification, and secure storage of valid accounting documents (vouchers)
  • Data entry and review of accounts according to the new chart of accounts under Circular 99
  • Preparation of detailed monthly financial statements
  • Provision of ad-hoc managerial reports upon request

Year-end tasks:

  • Preparation of annual financial statements in accordance with VAS
  • Close coordination with independent auditors (liaising with auditors)
  • Support for VAS–IFRS reconciliation for headquarters reporting

Important note: A common misconception is that simply entering all documents is sufficient. In reality, transactions must be recorded correctly according to Vietnamese accounting principles (VAS). Even small deviations can lead to tax adjustments, prolonged audits, and unnecessary additional costs.

>>> You may also be interested in: Best Bookkeeping Services for Startups in Vietnam

2. Financial Reporting & Management Reports

Financial reporting is crucial not only for regulatory compliance but also as a vital tool for monitoring business performance and supporting timely decision-making.

In an outsourced finance and accounting package, financial reporting services usually include:

  • Preparation of monthly and annual financial statements in accordance with Vietnamese accounting standards
  • Consolidation of financial statements (where required)
  • Delivery of customized management reports, such as cash flow statements, budget variance analysis, KPI tracking, and cost analysis

For FDI companies, receiving timely monthly financial reports is particularly important. These reports enable leadership to closely monitor the company’s financial position and adjust business plans promptly.

3. Tax Compliance & Filing

For foreign-invested enterprises, lack of familiarity with Vietnam’s tax regulations is a frequent cause of errors and penalties. Obligations include Value-Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), Foreign Contractor Tax (FCT), Withholding Tax (WHT), and specialized reports such as investment activity reports.

A comprehensive Tax Compliance & Filing service within outsourced finance and accounting typically covers:

  • Monthly or quarterly VAT declaration and payment
  • Provisional CIT declaration and finalization under the Corporate Income Tax Law 
  • Monthly, quarterly, and annual PIT declaration and payment according to the new 5-bracket progressive tax schedule effective 2026
  • Handling of Foreign Contractor Tax (FCT) and Withholding Tax (WHT)
  • Support for VAT refund and transfer pricing documentation
  • Preparation of statistical reports and Investment Activity Reports (IAR) specifically required for FDI companies

Non-compliance can result in administrative fines, tax reassessments, late-payment interest, or even temporary suspension of the tax code – all of which directly impact business operations. This is why many FDI enterprises rely on professional tax compliance services to ensure full adherence from the outset.

EXPLORE OUR ACCOUNTING & TAX SERVICES

5-key-functions-you-should-include-in-your-outsourced-finance-and-accounting-package

4. Payroll & Employee Tax Handling

Payroll and employee tax handling involves the calculation of salaries, benefits administration, and management of all tax and insurance obligations related to employees. This is a critical function in business operations, as it directly affects employee welfare and the company’s legal compliance.

A professional outsourced finance and accounting package typically includes the following payroll services:

  • Monthly payroll calculation and preparation of confidential payroll reports
  • Processing of mandatory social insurance, health insurance, and unemployment insurance contributions in accordance with Vietnamese regulations
  • Withholding, declaration, and annual finalization of Personal Income Tax (PIT)
  • Specialized support for matters involving foreign employees (expatriates)

Important note for FDI companies: When a company employs expatriates, additional requirements such as visas, work permits, Temporary Residence Cards, and residency-based Personal Income Tax rules must be handled accurately and in coordination with payroll processing. Therefore, it is recommended to choose a outsourced finance and accounting provider that can support these immigration-related requirements alongside payroll services. This helps ensure consistency, optimize costs, and minimize operational risks.

In practice, effective payroll management goes far beyond simply calculating salaries. It encompasses numerous legal and tax obligations that are frequently updated in Vietnam. By outsourcing this function, many FDI enterprises can significantly reduce the workload on their internal HR teams, ensure full regulatory compliance, and maintain workforce stability – even as labor and tax regulations continue to evolve.

>>> You may also be interested in:

EXPLORE OUR PAYROLL SERVICES

5. Advisory & Ongoing Support

Outsourced finance and accounting should not be limited to execution. It must also provide proactive, strategic advisory support.

At Vina TPT, we go beyond basic services by offering:

  • Legally compliant tax optimization advice
  • Guidance on capital structuring and transfer pricing for related-party transactions
  • Support during tax audits and liaison with auditors
  • Services of a Qualified Chief Accountant (authorized to sign documents and represent the company with state authorities)
  • Assistance in setting up accounting systems and internal controls

Many of our FDI clients have successfully avoided major risks thanks to early advice on the Global Minimum Tax and changes under the 2025 CIT Law. We act not only as a service provider but as a long-term strategic partner – supporting your company from initial setup through expansion.

How to build the right outsourced finance package for your FDI company

To choose the most suitable outsourced finance and accounting package, consider the following:

  • Scale of transactions, number of employees, and expatriate requirements
  • Level of advisory support needed (from basic bookkeeping to full strategic advisory)

When selecting a service provider, FDI enterprises should also evaluate:

    • Professional expertise and clear workflows that ensure full compliance with Vietnamese Accounting Standards (VAS)
    • Responsiveness and team-based support model (rather than reliance on a single individual)
  • Risk management capabilities and clear contractual responsibilities
  • Strong data confidentiality clauses, including scope of information use, security obligations, and breach remedies

5-key-functions-you-should-include-in-your-outsourced-finance-and-accounting-package

With over 20 years of experience in company establishment consulting and financial services tailored for FDI enterprises, Vina TPT fully meets these criteria. We support clients from the initial structuring and setup phase through ongoing finance and accounting operations after incorporation.

Each client is assigned a dedicated team (Assistant – Senior – Manager levels) for multi-layer review and timely issue resolution. We commit to responding within 24-48 hours, ensuring continuous support throughout your operations in Vietnam.

Contact Vina TPT today for a free consultation and to build the most suitable outsourced finance and accounting package for your business model. 

BOOK A FREE CONSULTATION

 

Accounting & Tax, Lasted News

Important Notes on Personal Income Tax Finalization 2025 – Latest Updates

Posted on by VINA TPT
important-notes-on-personal-income-tax-finalization-2025

Are you responsible for tax matters in your company, or an individual planning to complete your own tax declaration? Understanding the personal income tax finalization 2025 process, submission deadlines, and key considerations will help minimize errors and optimize processing time.

This article summarizes essential information to help you complete personal income tax finalization 2025 accurately and efficiently.

important-notes-on-personal-income-tax-finalization-2025

1. Why is personal income tax finalization 2025 required?

Personal income tax finalization is the process in which an individual consolidates all income earned during the year (from January 1 to December 31), recalculates the exact amount of Personal Income Tax (PIT) payable in accordance with regulations, and compares it with the tax already provisionally paid or withheld to determine whether there is any additional tax payable or a tax refund due.

In cases where additional tax is payable, it must be settled on time. Late payment may result in penalties, with late payment interest charged at 0.03% per day on the outstanding tax amount.

The finalization results may lead to:

  • Additional payment if there is a shortfall (late payment penalty: 0.03% per day)
  • A tax refund if excess tax has been paid

In addition, completing tax obligations helps individuals avoid legal risks in the future. In many cases such as purchasing property, applying for bank loans, or visa applications, authorities may require proof of completed tax obligations. Without completing tax finalization, individuals may not be able to provide these documents when needed.

2. Who must perform personal income tax finalization 2025?

Not only employees, but also income-paying organizations are responsible for conducting personal income tax finalization 2025 in accordance with Decree 126/2020/ND-CP and Official Letter 883/TCT-DNNCN.

For organizations:

  • Enterprises or organizations paying income that are authorized to finalize tax on behalf of individuals
  • Applicable regardless of whether tax has been withheld, except in cases where no income is paid

For individuals:

  • Resident individuals in Vietnam (those staying 183 days or more in a calendar year or within 12 consecutive months from the first date of arrival in Vietnam) who have additional tax payable or overpaid tax and wish to claim a tax refund or carry it forward to the next tax period are required to conduct personal income tax finalization. (Except where the additional tax payable does not exceed VND 50,000 or the individual does not request a refund or offset.)
  • Foreign individuals who terminate their labor contracts in Vietnam before leaving the country are also required to complete personal income tax finalization.
  • Resident individuals earning income from salaries and wages who are eligible for tax reduction due to natural disasters, fires, or other force majeure events must also perform tax finalization.

Cases not required to declare PIT:

Individuals are not required to perform personal income tax finalization in the following cases:

  • The additional tax payable does not exceed VND 50,000
  • There is overpaid tax, but the individual does not request a tax refund or carry it forward to the next period

To better understand how to determine the payable tax in specific scenarios, you may refer to the detailed guide here: How to Calculate Personal Income Tax 2026 in Vietnam 

3. Deadline for personal income tax finalization 2025

According to Article 44 of the Law on Tax Administration 2019, deadlines are as follows:

For income-paying organizations:

  • No later than the last day of the third month from the end of the calendar year (i.e., March 31, 2025)
  • If the deadline falls on a public holiday, it is extended to the next working day (usually April 1)

For individuals self-finalizing PIT:

  • No later than April 30 of the following year
  • If the deadline coincides with a holiday, it is extended to the next working day

Note: If an individual is eligible for a tax refund, late submission will not be subject to administrative penalties for late filing (Clause 4, Article 28, Circular 111/2013/TT-BTC).

important-notes-on-personal-income-tax-finalization-2025

EXPLORE OUR SERVICES

4. Required documents for personal income tax finalization 2025

According to Subsection 1, Section IV of Official Letter No. 13762/CTHN-HKDCN (2023), the required documents for personal income tax (PIT) finalization are categorized by subject as follows:

For individuals conducting self-finalization

  • PIT finalization declaration form No. 02/QTT-TNCN
  • Dependent deduction appendix No. 02-1/BK-QTT-TNCN (if applicable)
  • PIT withholding certificates (tax deduction documents)
  • Proof of tax payment (for income earned abroad)
  • Supporting documents for deductions (charity, humanitarian contributions, insurance, etc.)
  • Dependent registration documents (if not previously registered)
  • Bank account details (in case of tax refund request)
  • Identification documents (if required by tax authorities for verification)

For companies conducting finalization on behalf of employees

  • PIT finalization declaration form No. 05/QTT-TNCN
  • Appendices: 05-1/BK-QTT-TNCN, 05-2/BK-QTT-TNCN (if applicable)
  • List of authorized individuals for tax finalization (Form No. 08/UQ-QTT-TNCN)

Internal documents for finalization and explanation purposes:

  • Payroll and employee income records
  • Income payment supporting documents
  • Issued PIT withholding certificates
  • Other relevant documents as required by tax authorities (if any)

important-notes-on-personal-income-tax-finalization-2025

Individuals and businesses can complete personal income tax finalization 2025 via the General Department of Taxation’s e-portal or the eTax Mobile application.

5. Important notes for personal income tax finalization 2025

To ensure accurate personal income tax finalization 2025 and minimize risks, taxpayers should note:

Review all taxable income

Compile all income sources, including salary, bonuses, allowances, and other income. Cross-check with the PIT Law 2025 to determine taxable and exempt income correctly.

>>> Reference: Personal Income Tax 2026: Key Changes Directly Affecting Employees

Register dependents on time

Dependent deductions are only applicable if properly registered. Late registration may result in losing deduction eligibility.

Reconcile withheld tax amounts

Compare the amount of tax already withheld (tax deduction) with the actual payable amount after finalization to avoid underpayment or missing a tax refund.

Overall, understanding personal income tax finalization 2025, preparing complete documentation, and meeting deadlines will help individuals and businesses avoid penalties while optimizing tax benefits. In complex cases, working with a professional advisory firm can help save time and ensure full compliance.

Follow the Insights & News section of Vina TPT to stay updated on the latest tax, accounting, and legal regulations for businesses and expats.

BOOK A FREE CONSULTATION

Accounting & Tax, Lasted News

How Finance and Accounting Outsourcing Helps Small Businesses in Vietnam scale efficiently

Posted on by VINA TPT
how-finance-and-accounting-outsourcing-helps-small-businesses-in-vietnam-grow-faster

During the process of establishing and operating a business, one of the most critical factors determining the stability of a small business in Vietnam is its ability to manage finances and cash flow. Ineffective cost control, errors in tax declarations, or a lack of financial direction can not only lead to losses but also slow down business growth.

However, not every business has sufficient resources to build a complete in-house finance and accounting team from the beginning. This is why finance and accounting outsourcing has become a preferred solution for many small businesses, helping optimize costs, ensure compliance, and more importantly, free up internal resources to focus on growth.

how-finance-and-accounting-outsourcing-helps-small-businesses-in-vietnam-grow-faster

1. Why finance and accounting outsourcing helps small businesses optimize resources and scale efficiently

To operate effectively, a small business typically requires multiple specialized roles such as tax accountants, accounts payable/receivable staff, or internal auditors. However, building a full finance function is not only costly but also requires time for management, training, and supervision.

For newly established businesses, this represents a significant investment with no guaranteed efficiency, especially when risks of tax declaration errors still exist if the team lacks experience.

In this context, many businesses turn to finance and accounting outsourcing as an effective alternative, with the following key benefits:

Access to experienced professionals

Businesses can work with accounting, tax, and finance experts who have practical experience, helping ensure compliance and reduce operational errors.

In practice, some providers (such as Vina TPT) even offer clear commitments regarding responsibility in case of tax-related errors. Therefore, businesses should prioritize partners with transparent commitments to protect their long-term interests.

Reduced risks and errors

Professional providers of accounting outsourcing services in Vietnam typically implement multi-layer control processes, continuously update legal regulations, and establish mechanisms to minimize accounting and tax risks.

However, since businesses must share internal financial data with third parties, choosing a provider with clear data security policies is especially important.

Flexibility across different growth stages

Outsourcing services can be adjusted based on business needs:

  • Increased support during peak periods (tax season, audits)
  • Cost optimization during slower business periods
  • Additional expertise when scaling operations

Overall, these benefits significantly reduce the time and resources spent on finance and accounting tasks, allowing businesses to focus on core activities such as product development, market expansion, and revenue growth.

In other words, finance and accounting outsourcing not only ensures stable operations but also acts as a growth accelerator for small businesses.

2. How accounting outsourcing services work

2.1. Finance and accounting outsourcing models for different business stages

Depending on business size and operational needs, companies can choose different finance and accounting outsourcing models. Selecting the right model helps optimize costs while ensuring effective financial management at each stage of growth.

Model

 Scope of Work

Suitable For
Transactional Outsourcing – Data entry and accounting transaction recording

– Invoice processing and payments

– Bank and expense reconciliation

 Businesses with high transaction volumes seeking operational efficiency
Full-Service Accounting – Bookkeeping and monthly financial reporting

– Management reports and cash flow monitoring

– Compliance advisory under VAS

 Small businesses without an in-house accounting team
Controller Services – Internal process setup and controls

– Data review and audit preparation

– Supervision of accounting operations

 Growing businesses requiring stronger financial control
Fractional CFO – Financial planning and cash flow forecasting

– Fundraising and M&A advisory

– KPI development and investor reporting

 Businesses needing long-term financial direction
End-to-end Service (Vina TPT) – Monthly accounting (bookkeeping, financial statements, management reports)

– Tax declaration & finalization (VAT, CIT, PIT)

– Annual financial statements and audit support

– Compliance advisory and tax updates

 Businesses looking to fully outsource accounting and tax while ensuring compliance

2.2. Workflow between businesses and service providers

To ensure transparency and efficiency, professional accounting outsourcing services in Vietnam typically follow a structured workflow:

Step 1: Information and document collection
The service provider collects business information, including accounting documents, previous reports, and specific requirements.

Step 2: Service agreement signing
Both parties agree on the scope of work, timeline, fees, and responsibilities.

Step 3: Execution and reporting
The provider performs bookkeeping, prepares financial and tax reports, and submits them for business review and approval.

Step 4: Record retention and ongoing support
Documents are stored in compliance with regulations, and the business receives support for explanations or additional information when needed.

EXPLORE OUR SERVICES

3. Four criteria for choosing a reliable service provider

Selecting an accounting outsourcing provider not only affects costs but also determines the level of compliance and financial risk of a business. Below are four important criteria to consider:

Experience and track record

Businesses should prioritize providers with many years of experience in accounting and tax services, especially those who have worked with companies in similar industries or business models. Practical experience enables faster problem-solving and reduces the likelihood of errors.

Team expertise

The accounting team should have strong professional knowledge, a solid understanding of legal regulations, and hands-on experience in handling real cases. For businesses with foreign elements, the ability to work in English or Japanese is a significant advantage.

Service quality and reputation

Service quality can be evaluated through client feedback, partner portfolios, or professional certifications. In addition, businesses should review the provider’s working process, level of transparency, and ability to provide support when issues arise.

Cost and pricing structure

The cost of accounting outsourcing services in Vietnam typically depends on transaction volume and business complexity.

For small business in Vietnam with limited transactions, basic accounting and tax services usually start from around VND 3 million per month for bookkeeping and periodic tax filings.

For businesses with more complex operations, such as inventory management, payroll, or advanced management reporting requirements, pricing is often customized based on the actual scope of work.

Therefore, businesses should choose a service provider with pricing that matches their needs, while ensuring that the scope of work, responsibilities, and commitments are clearly defined in the contract. Choosing the right finance and accounting outsourcing partner not only helps control costs but also ensures compliance and builds a stable financial foundation for long-term growth.

4. Finance and accounting outsourcing services at Vina TPT

Unlike many providers that focus solely on document processing and periodic reporting, Vina TPT aims to help businesses proactively manage financial control and compliance throughout their operations.

One of the key differentiators is the provision of monthly financial reports in three languages (English – Vietnamese – Japanese). This allows business owners and foreign investors to monitor their financial performance on an ongoing basis, rather than waiting until year-end.

In addition, Vina TPT places strong emphasis on responsiveness and client support. All client inquiries are handled within 24-48 hours, ensuring that businesses receive timely guidance when issues arise, particularly in areas related to tax compliance and accounting treatment. This level of responsiveness helps create a sense of reliability and continuity in day-to-day operations.

Furthermore, each client at Vina TPT is supported by a 3-level team structure (Assistant – Senior – Manager) rather than a single point of contact. All financial data and reports undergo three layers of independent review, ensuring accuracy, regulatory compliance, and minimizing potential risks. This structured approach is particularly important for businesses that require a high level of reliability in financial reporting and tax compliance.

how-finance-and-accounting-outsourcing-helps-small-businesses-in-vietnam-grow-faster

If you are looking for a reliable partner to manage your accounting and tax compliance in Vietnam, Vina TPT is ready to support. Contact Vina TPT today to receive tailored advice for your business model and ensure full compliance from day one.

BOOK A FREE CONSULTATION

Accounting & Tax, Lasted News

Tax Tips for Small Businesses in Vietnam to Avoid Mistakes

Posted on by VINA TPT
Tax-Tips-Small-business-in-Vietnam

Tax-Tips-Small-business-in-Vietnam

After completing the business establishment procedures, most companies begin to pay closer attention to tax policies in Vietnam. In practice, many businesses choose to use third-party services (such as outsourcing accounting services or other accounting & financial services) to handle tax and accounting matters. However, proactively understanding the basic regulations is still essential to minimize potential risks and help businesses work more effectively with service providers.

This article summarizes three important types of taxes that small business need to pay attention to from the early stages of establishment and operation in Vietnam. At the same time, practical tax tips are also shared to help businesses declare and pay taxes in compliance with regulations, avoiding common mistakes such as late submissions, missing documentation, or unnecessary costs.

1. Tax tips for three important taxes that small business must comply with

Any business established in Vietnam is required to fulfill multiple tax obligations. Proper and comprehensive understanding of these obligations is the foundation for applying effective tax tips, as well as coordinating well with accounting & financial services during business operations.

The three important taxes that businesses need to pay special attention to include: Value Added Tax (VAT), Corporate Income Tax (CIT), and Personal Income Tax (PIT) applied to employees. Fully understanding the obligations related to these taxes is a fundamental factor for effective tax management.

Tax-Tips-Small-business-in-Vietnam

1.1. Tax tips for VAT: Filing regulations and key considerations

Value Added Tax (VAT) is one of the most frequently incurred tax obligations for businesses, especially in trading and import-export activities. The VAT filing frequency depends on the revenue of the previous year:

  • Revenue above VND 50 billion: monthly filing
  • Revenue of VND 50 billion or less: quarterly filing is allowed

For newly established businesses, quarterly filing is commonly applied in the initial stage. Determining the correct filing cycle helps businesses minimize errors and avoid compliance risks.

Key tax tips for VAT

Tip 1: Meet conditions for input VAT credit
According to Decree 181/2025/ND-CP, to be eligible for input VAT credit, businesses must:

  • Have valid VAT invoices or corresponding tax payment documents
  • For transactions from VND 5 million or more (including VAT): non-cash payment is mandatory

Tip 2: Choose the correct filing cycle

  • Revenue > VND 50 billion: monthly filing or revenue ≤ VND 50 billion: quarterly filing is allowed
  • Monthly VAT Declaration: Businesses filing monthly must submit their VAT declaration and payment no later than the 20th day of the following month. VAT for January must be declared and paid by February 20. If the 20th falls on a weekend or public holiday, the deadline is automatically extended to the next working day.
  • Quarterly VAT Declaration: Businesses eligible for quarterly filing must submit their VAT declaration and payment no later than the last day of the first month of the following quarter. Example: VAT for Q1 (January-March) must be declared and paid by April 30. If the deadline falls on a weekend or public holiday, it shifts to the next working day.

In addition, businesses should note that VAT declaration is a mandatory obligation. If not performed or if declared under the wrong cycle, the business may be subject to administrative penalties.

Tip 3: Prepare complete and consistent VAT documentation

Whether applying the credit method or the direct method, retaining both input and output documentation is mandatory. These documents typically include VAT invoices, contracts, payment records, and other relevant supporting materials to substantiate the legitimacy of declared revenue and expenses.

In addition, businesses must ensure consistency between declared VAT figures, taxes paid, and accounting records. Any discrepancies or missing valid documentation may result in tax reassessments, administrative penalties, or prolonged reviews with tax authorities.

In practice, establishing a proper document management and internal control system from the outset helps minimize errors and significantly reduces the burden during periodic tax inspections and audits.

1.2. Tax tips for CIT: Tax payment and finalization

Corporate Income Tax (CIT) is calculated based on the company’s profit. For businesses, CIT obligations include not only annual finalization but also interim and periodic reporting.

Key tax tips for CIT

Tip 1: Pay provisional CIT on time
Businesses must make quarterly provisional CIT payments no later than the 30th day of the first month of the following quarter (for example: April 30 for Q1).

An important point to note is the 80% rule: by the end of the third quarter, the total provisional CIT paid must reach at least 80% of the total CIT payable for the entire year. If underpaid, the business may be subject to late payment interest. Therefore, businesses should regularly review their business performance and adjust provisional tax payments accordingly.

Tip 2: Complete CIT finalization on time
After the end of the fiscal year, businesses must finalize CIT using Form 03/TNDN under Circular 80/2021/TT-BTC. The submission deadline is the last day of the third month after the fiscal year ends (usually March 31).

Tax finalization is an important step to reconcile accounting profit and taxable income, and to determine the additional tax payable or refundable amount. Late or inaccurate submission may result in penalties and tax audits.

Tip 3: Prepare complete CIT finalization documentation
Businesses must prepare full documentation to support declared figures, including:

  • CIT finalization return (Form 03/TNDN)
  • Annual audited financial statements prepared in accordance with Vietnamese Accounting Standards, submitted within 90 days from the fiscal year-end
  • Documents related to tax incentives and loss carry-forward (if any)
  • Transfer pricing documentation for enterprises with related-party transactions

In addition, businesses should retain provisional tax payment records and authorization letters (if any) for inspection purposes.

Complete and consistent documentation helps businesses minimize the risk of tax reassessment or requests for explanation from tax authorities.

Tax-Tips-Small-business-in-Vietnam

1.3. Tax tips for Personal Income Tax (PIT): Withholding and employer obligations

Definition: A business operating in Vietnam is responsible for withholding, declaring, and paying Personal Income Tax (PIT) on salaries, wages, and other taxable income of its employees.

Tip 1: Withhold at the right time and ensure full compliance with filing and finalization obligations
Businesses must withhold Personal Income Tax (PIT) before paying income to employees. This means that at the time of salary, bonuses, or other payments, companies must accurately determine taxable income and the corresponding tax amount to be withheld, rather than making adjustments afterward.

After withholding, businesses are required to declare and pay PIT based on the applicable filing cycle:

  • Monthly filing: no later than the 20th day of the following month
  • Quarterly filing: no later than the last day of the first month of the following quarter

In addition to periodic filings, businesses must also conduct annual personal income tax finalization under the company’s tax code for all income paid to employees (including cases where employees authorize the company to finalize on their behalf).

Failure to withhold, declare, or pay taxes on time may result in tax reassessment, late payment interest, and administrative penalties in accordance with regulations.

Tip 2: Issue PIT withholding certificates in compliance with regulations
Businesses are responsible for issuing PIT withholding certificates to employees upon request, especially when individuals conduct their own tax finalization.

According to regulations, these certificates serve as the basis for employees to:

  • Finalize taxes directly with tax authorities
  • Prove the amount of tax already paid
  • Claim a tax refund (if applicable)

If the company has completed tax finalization on behalf of authorized employees, it is not required to issue withholding certificates for that portion of income. However, for income outside the authorized scope, the company must still provide certificates upon request.

Failure to issue or issuing incorrect withholding certificates may directly affect employees’ rights and create compliance risks for the business.

Tip 3: Stay updated with changes in PIT regulations
Personal Income Tax (PIT) policies in Vietnam are frequently updated.

For example, on December 10, 2025, the National Assembly passed a revised PIT Law (effective from 2026), introducing significant changes to progressive tax rates, personal deductions, and taxable income scope. Specifically:

  • The personal deduction has increased to VND 15.5 million/month (equivalent to VND 186 million/year), compared to VND 11 million/month previously
  • The dependent deduction has been adjusted to VND 6.2 million/month per dependent

Therefore, businesses must promptly update these changes in their payroll systems and review how taxable income and withholding amounts are calculated. Delays in updating may lead to incorrect withholding, resulting in additional tax payable or tax refunds during annual finalization.

>>> For more details: 

EXPLORE OUR SERVICES

  1. Tax tips for filing taxes via the electronic system in Vietnam

Currently, all businesses in Vietnam submit tax declarations and payments through the tax authority’s electronic portal. This system helps save time, reduce paperwork, and improve transparency in tax compliance.

When filing and paying taxes electronically, businesses should pay attention to the following:

  • Use the correct e-tax portal and retain electronic receipts after submission as proof of filing time
  • Ensure the digital signature is valid and properly registered under the legal representative or authorized person
  • Carefully review tax data, indicators, and appendices before submission, even though the system includes automatic error checks
  • Proactively complete electronic tax payments and monitor payment status to ensure obligations are fulfilled on time
  • Track the processing status using transaction codes and store records for internal audits or explanations when required

Tax-Tips-Small-business-in-Vietnam

3. How Vina TPT supports small business tax compliance (practical tax tips)

In practice, many small businesses fail to fully comply with mandatory tax obligations due to common mistakes such as selecting the wrong filing cycle, submitting tax returns late, lacking valid supporting documents, or not keeping up with updated tax regulations. These issues often stem from a limited understanding of Vietnam’s legal framework, leading to administrative penalties, tax reassessments, and in more serious cases, suspension of the tax code. As a result, businesses may be unable to issue invoices, face operational disruptions, and incur additional time and costs to restore their active status.

Therefore, businesses need more than just a service provider for tax filing, they need a partner capable of managing risks, ensuring ongoing compliance, and supporting issue resolution throughout operations.

With extensive experience of more than 20 years supporting small enterprises in Vietnam, Vina TPT has developed a structured workflow covering initial consultation, document collection, report preparation and review, submission, and post-filing support. This approach enables businesses not only to meet tax obligations on time but also to proactively manage risks, minimize errors, and maintain stable operations.

Tax-Tips-Small-business-in-Vietnam

If your business is in the setup phase or facing challenges with tax compliance in Vietnam, working with an experienced consulting firm can help reduce risks and optimize operations from the outset. Contact Vina TPT for tailored solutions aligned with your business model.

BOOK A FREE CONSULTATION

Lasted News, Accounting & Tax

Cases Eligible for VAT Tax Refund in Vietnam in 2026 

Posted on by VINA TPT
cases-eligible-for-vat-tax-refund-in-vietnam-in-2026

In practice, the amount of VAT tax refund that a business may receive is often significant, especially when the deductible input VAT eligible for refund reaches VND 300 million or more. For this reason, tax refund procedures are always a matter of concern for domestic enterprises, foreign-invested enterprises (FDIs), and accounting departments.

The article below summarizes the cases eligible for VAT tax refund under the Law on Value Added Tax 2024, while clarifying the applicable conditions and important notes that businesses should understand when carrying out refund procedures.

cases-eligible-for-vat-tax-refund-in-vietnam-in-2026

1. What is a VAT tax refund?

A VAT tax refund is the return by the tax authority of VAT amounts that an enterprise or individual has paid or is entitled to deduct, provided that the legal conditions are satisfied. This typically applies when input VAT exceeds output VAT or when special tax incentive policies are available.

Carrying out a VAT tax refund helps reduce financial pressure on businesses, improve working capital, and encourage investment, exports, and other incentivized economic activities. It also helps ensure fairness in tax collection and avoids situations of overpayment.

Example: Company H exports fashion products (T-shirts) and is not required to pay output VAT because the applicable VAT rate is 0%. During the period, the company incurred VND 70 million in input VAT for raw materials. Under the regulations, Company H may receive a VAT tax refund of VND 70 million from the tax authority to offset the tax already paid.

2. Cases eligible for VAT tax refund

Under Article 15 of the Law on Value Added Tax 2024 and the related guiding documents, businesses and organizations may be entitled to a VAT tax refund in certain situations.

Below are 9 common cases eligible for VAT tax refund under the current regulations.

Case 1: VAT tax refund for exported goods and services

Case Condition Tax treatment
Business establishments with exported goods or services during the tax declaration period Input VAT not yet fully deducted exceeds VND 300 million Eligible for VAT tax refund on a monthly or quarterly basis
Input VAT not yet fully deducted is below VND 300 million Carried forward to the next tax declaration period for continued deduction

Pursuant to Clause 1, Article 15 of the Law on Value Added Tax 2024 and Article 29 of Decree 181/2025/ND-CP, businesses engaged in export activities may be entitled to a VAT tax refund in the following cases:If a business has both exported goods and domestic sales, it must separately account for the input VAT relating to export activities.

If separate accounting is not possible, the input VAT for exported goods is determined based on the ratio of export revenue to total taxable revenue.

After offsetting against the VAT payable for domestic sales, if the remaining input VAT is VND 300 million or more, the business may be granted a VAT tax refund. However, the refund amount must not exceed 10% of export revenue.

Some export-related cases eligible for refund include:

Case Eligible subject
Export under entrusted export arrangement The business that entrusts goods for export
Export processing The business entering into a processing contract with a foreign party
Export for overseas construction projects The business exporting materials or goods for overseas projects
On-the-spot export The business exporting goods on the spot

Note: A VAT tax refund is not available for imported goods that are subsequently exported to another country without processing or manufacturing in Vietnam.

Case 2: VAT tax refund for investment projects

Under Clause 2, Article 15 of the Law on Value Added Tax 2024 and Article 30 of Decree 181/2025/ND-CP, a business with an investment project may receive a VAT tax refund if the following conditions are met:

Case Tax treatment
A business applying the deduction method has a new or expanded investment project Input VAT arising during the investment phase is offset against VAT payable from current business activities
After offsetting, the remaining input VAT is VND 300 million or more Eligible for VAT tax refund

If the investment project has been completed but the business did not apply for refund during the investment phase, it may still submit a VAT tax refund dossier within one year from the project completion date.

Note: A VAT tax refund is not available in the following cases:

  • The enterprise has not fully contributed its charter capital as registered
  • The project belongs to a conditional business sector but the required conditions have not yet been met
  • The business fails to maintain the required business conditions during operation
  • The project involves exploitation of natural resources or minerals (except oil and gas exploration and field development projects), or production projects using extracted minerals that have been processed into other products as prescribed by law

Case 3: VAT tax refund for goods and services subject to the 5% VAT rate

Under Clause 3, Article 15 of the Law on Value Added Tax 2024 and Article 31 of Decree 181/2025/ND-CP, businesses that only produce or supply goods and services subject to the 5% VAT rate may receive a VAT tax refund if:

Case Condition Tax treatment
Business establishments supplying only goods and services subject to the 5% VAT rate Input VAT not yet deducted reaches VND 300 million or more after 12 consecutive months or 4 consecutive quarters Eligible for VAT tax refund

If the business produces or supplies multiple categories of goods or services subject to different VAT rates, it must separately account for the input VAT of the activities subject to the 5% rate.

If separate accounting is not possible, the input VAT for such activities is determined based on the ratio of revenue from goods and services subject to the 5% VAT rate to total taxable revenue during the refund period.

After offsetting against VAT payable from other business activities, if the remaining input VAT is VND 300 million or more, the business may be considered for a VAT tax refund.

Case 4: VAT tax refund upon dissolution or bankruptcy

Under Clause 4, Article 15 of the Law on Value Added Tax 2024 and Article 32 of Decree 181/2025/ND-CP:

A business applying the deduction method, upon dissolution or bankruptcy, may be entitled to a VAT tax refund if:

  • It has overpaid VAT, or
  • It still has input VAT not yet fully deducted

In cases where a cooperative group is converted into a cooperative, or a branch is dissolved, the enterprise or cooperative inheriting the business may continue to deduct or request a VAT tax refund for the uncredited VAT amount in accordance with the regulations.

EXPLORE OUR SERVICES

Case 5: VAT tax refund for goods carried upon exit from Vietnam

Under Clause 5, Article 15 of the Law on Value Added Tax 2024 and Article 33 of Decree 181/2025/ND-CP:

Case Tax treatment
Foreigners or overseas Vietnamese purchasing goods in Vietnam and carrying them abroad upon exit Eligible for VAT tax refund corresponding to the value of the goods carried

Case 6: VAT tax refund for ODA-funded programs and projects

Under Clause 6, Article 15 of the Law on Value Added Tax 2024:

Case Tax treatment
Program owners, project owners, main contractors, or organizations designated by foreign donors to manage ODA-funded programs/projects purchasing goods and services in Vietnam for project implementation Eligible for VAT tax refund for VAT paid on goods and services purchased in Vietnam
Organizations in Vietnam using non-refundable aid or humanitarian aid from foreign organizations or individuals to purchase goods and services for the program or project Eligible for VAT tax refund for VAT paid on goods and services used for the project

Case 7: VAT tax refund for subjects entitled to diplomatic privileges and immunities

Under Clause 7, Article 15 of the Law on Value Added Tax 2024:

Case Tax treatment
Subjects entitled to diplomatic privileges and immunities purchasing goods and services in Vietnam Eligible for VAT tax refund for the VAT amount shown on the invoice

Case 8: VAT tax refund under international treaties

Under Clause 8, Article 15 of the Law on Value Added Tax 2024:

Organizations or business establishments may receive a VAT tax refund if such refund is granted under a decision of the competent authority or under an international treaty to which Vietnam is a party.

Case 9: VAT tax refund under a decision of a competent authority

In addition to the cases above, a business establishment may also receive a VAT tax refund when a competent state authority issues a refund decision in accordance with the law.

3. Frequently asked questions about VAT tax refund

Question 1: How long does a VAT tax refund take?

After receiving the VAT tax refund dossier, the tax authority will classify it into two categories:

Case 1: Refund first, inspection later

Within 6 working days from the date the tax authority issues a notice of dossier acceptance, the tax authority will take one of the following actions:

  • Issue a refund decision if the dossier is eligible
  • Transfer the dossier to the “inspection before refund” category if inspection is required
  • Issue a notice of non-refund if the dossier does not meet the conditions

If the tax authority finds that the dossier contains unclear information or discrepancies compared with its data, it may request the taxpayer to provide explanations or supplement the dossier.

Note: The time taken by the taxpayer to provide explanations or supplement the dossier is not included in the refund processing time.

Case 2: Inspection first, refund later

For dossiers subject to prior inspection, the tax authority will carry out an inspection or audit at the taxpayer’s premises to determine the refundable VAT amount.

The processing time in this case must not exceed 40 days from the date the tax authority issues the notice of dossier acceptance.

After the inspection is completed, the tax authority will issue either a refund decision or a notice of non-refund if the dossier is not eligible.

Question 2: After receiving the refund decision, how long does it take to receive the money?

After issuing the refund decision, the tax authority will transfer the refund amount to the taxpayer within 3 working days if the refund is made via bank account.

In some cases where further verification is required, the payment period may be extended but must not exceed 6 working days from the date of the refund decision.

Question 3: What is the difference between VAT tax refund and VAT deduction?

A VAT tax refund means the tax authority returns the remaining input VAT not yet fully deducted to the business in certain cases prescribed by law, such as export activities, investment projects, or subjects enjoying special incentives.

By contrast, VAT deduction means the business offsets input VAT against output VAT payable. If, after offsetting, some input VAT remains unused, that amount is carried forward to the next tax declaration period for continued deduction.

This is also a common issue businesses look into when they want to understand how to get VAT refund in Vietnam in each specific situation.

Question 4: What is the minimum amount required to be eligible for VAT tax refund?

Under the current regulations, a business is only considered for a VAT tax refund if the input VAT not yet deducted is VND 300 million or more.

If the remaining undeducted input VAT is below VND 300 million, the business will not receive a refund and must continue carrying it forward to the next declaration period for deduction.

Although the rules on VAT tax refund are clearly provided in the law, in practice the process of preparing the dossier and working with the tax authority is often quite complicated, especially for businesses with limited experience in handling refund dossiers.

Even a minor error in the dossier, invoice, or supporting document may cause the tax authority to request additional documents or prolong the processing time. For this reason, many businesses choose to cooperate with a professional tax consulting firm to ensure that the dossier is properly prepared and the refund process is optimized.

4. VAT tax refund service process at Vina TPT

Typically, the VAT tax refund support process is implemented through the following steps:

Step 1: Consultation and refund eligibility assessment
Vina TPT discusses with the enterprise to understand its tax status, business model, and the specific refund case. Based on this information, our specialists will evaluate the eligibility for a VAT tax refund and propose an appropriate implementation approach.

Step 2: Review and preparation of the refund dossier
Vina TPT’s specialists assist the enterprise in reviewing invoices, supporting documents, tax declarations, and other relevant materials to ensure the dossier is complete and compliant before submission to the tax authority.

Step 3: Submission of the dossier and working with the tax authority
The dossier is submitted to the tax authority (directly, by post, or electronically). Vina TPT supports communication and explanations if additional information is required.

Step 4: Monitoring and receiving the refund amount
After the dossier is approved, the tax authority issues the refund decision and transfers the refund amount to the enterprise’s bank account. 

The processing time for a VAT tax refund dossier is typically:

  • Approximately 6 working days for cases of refund first – inspection later.
  • Up to 40 working days for cases of inspection first – refund later.

cases-eligible-for-vat-tax-refund-in-vietnam-in-2026

If your business needs detailed advice on VAT tax refund conditions or support in preparing a refund dossier, the specialists at Vina TPT are ready to assist so that your business can complete the procedure quickly and in compliance with the regulations.

BOOK A FREE CONSULTATION

Lasted News, Accounting & Tax

Personal Income Tax 2026: Key Changes Directly Affecting Employees

Posted on by VINA TPT
personal-income-tax-2026-key-changes-directly-affecting-employees

On December 10, 2025, following the National Assembly’s approval of the Personal Income Tax 2026 Law, several significant changes were introduced regarding the progressive tax schedule, personal and dependent deductions, and the scope of taxable income. These revisions may directly affect the personal income tax obligations of employees and foreign experts working in Vietnam.

The article below highlights the key updates and provides guidance on how to calculate personal income tax in accordance with the regulations applicable from 2026.

personal-income-tax-2026-key-changes-directly-affecting-employees

1. When does the Personal Income Tax Law 2026 take effect?

The amended Personal Income Tax Law 2025 (Law No. 109/2025/QH15), passed by the National Assembly, will officially take effect from July 1, 2026, replacing the 2007 Personal Income Tax Law.

However, for income derived from salaries and wages, important provisions such as the progressive tax schedule and personal deduction levels will apply to the 2026 tax year (from January 1, 2026). This means they will apply to the entire income generated during the year when conducting tax filing and finalization.

2. Key changes under Personal Income Tax 2026

2.1. Reduction of the progressive tax brackets from 7 to 5 levels

The reduction of tax brackets simplifies the calculation of personal income tax and makes it more transparent and easier to apply. This is one of the most notable reforms under Personal Income Tax 2026, aiming to streamline the tax system.

New progressive tax schedule (applicable from the 2026 tax year – from January 1, 2026):

Tax Bracket

 Monthly Taxable Income (VND million) Tax Rate (%)

1

Up to 10

 5%

2

Over 10 – 30

 10%

3

Over 30 – 60

20%
4

Over 60 – 100

30%
5 Over 100

35%

The highest tax rate remains 35%, applied to the portion of taxable income exceeding VND 100 million per month. This adjustment maintains the progressive nature of personal income tax without placing excessive pressure on middle-income earners.

2.2. Significant increase in personal and dependent deductions

Another major change under Personal Income Tax 2026 is the increase in deduction levels for taxpayers and their dependents. According to Article 29(2) of the 2025 amended law, the new deduction levels apply from the 2026 tax year (January 1, 2026):

  • Personal deduction: increased to VND 15.5 million/month (VND 186 million/year), compared to the previous VND 11 million/month.
  • Dependent deduction: increased to VND 6.2 million/month per dependent.

The increase significantly reduces the payable personal income tax for employees with families. When conducting tax filing (kê khai thuế), taxpayers must register their dependents within the prescribed timeline to benefit from these deductions.

2.3. Updated scope of taxable income in the digital economy

The amended law clarifies the scope of taxable and non-taxable income, particularly in the context of the digital economy, freelance work, and multiple income streams. Income generated from digital platforms and online business activities remains subject to personal income tax under general principles.

Taxable income includes:

  • Salaries and wages and wage-related income
  • Remuneration, bonuses, and benefits in cash or in kind
  • Allowances, subsidies, and other income, except for those exempted under regulations

Non-taxable income includes:

  • Allowances for war veterans and national defense/security
  • Hazardous and remote-area allowances
  • Social insurance benefits, occupational accident and disease allowances
  • Severance pay, maternity benefits, adoption allowances
  • Social protection allowances and other government-regulated exemptions

personal-income-tax-2026-key-changes-directly-affecting-employees

3. Increased revenue threshold for household and individual businesses to 500.000.000 VND per year

Under Article 7(1) of the 2025 amended law, resident individuals engaged in business activities with annual revenue of 500.000.000 VND or less are not subject to personal income tax.

Accordingly, from the 2026 tax year, the revenue threshold for personal income tax applicable to household and individual businesses increases to 500.000.000 VND per year, five times higher than the previous VND 100 million threshold applied in 2025.

This adjustment reduces the tax burden on small businesses, increases disposable income, and encourages transparent business operations. It also reflects a broader tax reform trend aimed at supporting sustainable development of the household business sector.

EXPLORE OUR SERVICES

4. How to calculate Personal Income Tax 2026 under the new tax schedule

4.1. Formula for calculating personal income tax in 2026

Personal income tax payable = Taxable income × Applicable progressive tax rate

Where:

Taxable income = Total taxable income − Deductions − Mandatory insurance contributions

Deductions include:

  • Personal deduction: VND 15.500.000 VND/month
  • Dependent deduction: VND 6.200.000 VND/month per dependent
  • Mandatory insurance contributions (social insurance, health insurance, unemployment insurance) and other allowable deductions

The remaining taxable income is then subject to the 5-tier progressive tax schedule. Each portion of income falling within a bracket is taxed at the corresponding rate rather than applying a single rate to the entire income.

4.2. Example of personal income tax calculation

Example: Mr. B earns VND 60.000.000 VND per month and contributes mandatory insurance as follows:

  • Social insurance: 8%
  • Health insurance: 1.5%
  • Unemployment insurance: 1%

He has two dependents and no charitable contributions or additional deductions.

Step 1: Total taxable income
= 60.000.000 VND

Step 2: Total deductions

  • Personal deduction: 15.500.000 VND
  • Dependent deduction: 6.200.000 × 2 = 12.400.000 VND
  • Mandatory insurance: 60.000.000 × (8% + 1.5% + 1%) = 5.757.000 VND

→ Total deductions = 15.500.000 + 12.400.000 + 5.757.000 = 33.657.000 VND

Step 3: Taxable income
 = 60.000.000 − 33.657.000 = 26.343.000 VND

Step 4: Apply progressive tax rates

  • First 10.000.000 × 5% = 500.000 VND
  • Remaining 16.343.000 × 10% = 1.634.000 VND

→ Total monthly personal income tax payable: approximately 2.134.000 VND

To understand the calculation method and see a practical example, you can read our detailed guide on How to Calculate Personal Income Tax 2026 in Vietnam.

5. Important notes when applying personal income tax 2026

Employees must accurately determine the timing of income generation to apply the correct tax period and deduction levels. Income arising from 2026 onward will fully apply the revised provisions of Personal Income Tax 2026, including cases where salary payments are made late.

In addition, registering dependents in a timely and complete manner remains a mandatory condition to benefit from deduction policies. Failure to register on time may result in higher temporary withholding during the year, with adjustments or refunds processed during annual tax finalization and tax filing procedures.

To stay updated on the latest developments regarding personal income tax, tax policies, and HR-related regulations, please follow the Events & Insights section of Vina TPT.

BOOK A FREE CONSULTATION

Accounting & Tax, Lasted News

Outsourced Bookkeeping Services in Vietnam: Why It Helps Businesses Grow Faster

Posted on by SEN

compare-in-house-outsourced-bookkeeping-services-vina-tpt-2

Managing in-house financial records often drains vital time and capital that should be spent on business expansion. Instead of struggling with complex tax compliance and reporting, savvy businesses are turning to outsourced bookkeeping to reduce overhead costs and guarantee professional accuracy. 

This article explores how outsourced bookkeeping services as a strategic growth engine, highlighting the specific challenges it solves, the seamless workflow provided by Vina TPT, and the ideal timing to transition for maximum operational freedom.

1. What is Outsourced Bookkeeping?

Outsourced bookkeeping means delegating your daily financial tasks: transaction recording, bank reconciliations, invoice management, financial statements, VAT/CIT reporting, and compliance to a professional external team. Unlike hiring a full-time accountant (with high salary, benefits, and training needs), you pay a fixed monthly fee for expert, scalable support.

This model is perfect for SMEs and foreign-invested companies in Vietnam that want to avoid local accounting complexities while staying compliant with VAS, IFRS, and tax regulations.

Learn more about Vietnamese accounting standards (VAS)

2. Key Challenges of In-House Bookkeeping That Slow Growth

In-house bookkeeping often creates hidden barriers:

  • High salary costs for qualified accountants (VND 15 – 30 million/month + insurance and bonuses).
  • Constant training to keep up with frequent law changes (VAT adjustments, e-invoice mandates, CIT updates in 2026).
  • Risk of penalties from errors in reporting or late filings (fines can reach tens of millions VND).
  • Management time wasted on admin instead of sales, product development, or market expansion.
  • Difficulty scaling during rapid growth or seasonal peaks without adding headcount.

These issues can consume 20–30% of operational budget and delay business momentum.

compare-in-house-outsourced-bookkeeping-services-vina-tpt

3. How Outsourced Bookkeeping Accelerates Business Growth

Partnering with Vina TPT for outsourced bookkeeping drives faster growth by:

  • Offering predictable low costs, typically 30% cheaper than in-house, freeing capital for marketing, hiring, or R&D.
  • Ensuring expert compliance, our team is always updated on 2026 regulations, eliminating penalty risks and audit stress.
  • Providing scalable support, handle increased transactions or headcount seamlessly without hiring extra staff.
  • Delivering faster, accurate reporting and real-time financial insights for better strategic decisions.
  • Allowing focus on core business, leaders concentrate on sales, innovation, and expansion instead of paperwork.

Explore Outsourced Bookkeeping Services

4. How Vina TPT’s Outsourced Bookkeeping Service Works

Vina TPT’s service is designed to be simple, secure, and efficient for foreign and local businesses.

Process overview:

  1. Free consultation & needs assessment: We discuss your business size, transaction volume, current setup, and goals.
  2. Secure data handover: Transfer existing records (bank statements, invoices, contracts) via encrypted portal.
  3. Daily/weekly bookkeeping: Our certified accountants record transactions, reconcile accounts, manage payables/receivables, and prepare trial balances.
  4. Monthly compliance & reporting: Deliver accurate financial statements, VAT/CIT returns, e-invoice filings, and tax declarations on time.
  5. Ongoing advisory & support: Unlimited queries, year-end audit preparation, and strategic financial guidance.

All work is 100% compliant with Vietnamese laws, using secure cloud tools. Pricing is transparent and flexible, starting from VND 3 million/month based on volume (no hidden fees).

5. When to Choose Outsourced Bookkeeping

This serivce is the strategic choice for newly established startups, SMEs with 1 to 50 employees, and high-growth firms looking to scale without administrative friction. It is particularly essential for businesses navigating complex compliance requirements, such as VAT, CIT, and e-invoicing allowing leadership to mitigate regulatory risks while focusing entirely on expansion. By transitioning to this service, companies can ensure professional financial management while maintaining the agility needed to thrive in a competitive market.

6. Conclusion

Outsourced bookkeeping eliminates major growth barriers: high costs, compliance headaches, and time lost on admin. With Vina TPT, you get reliable, expert support at a fraction of the cost—freeing your team to focus on what drives success: expansion and innovation.

Ready to accelerate your growth? Contact Vina TPT today for a free consultation and personalized cost-saving assessment. Let our experts handle your bookkeeping so you can build your future in Vietnam.

BOOK A FREE CONSULTATION

Accounting & Tax, Accounting News, Business Knowledge, Finance & Accounting Knowledge, Lasted News, Tax Knowledge, Tax News

Outsourcing Accounting Services for Small Business in Vietnam

Posted on by ASS
vina tpt outsourcing accounting services for small business

vina tpt outsourcing accounting services for small business

A Step-by-Step Guide to Outsourcing Accounting Services for Small Business in Vietnam

Entering the vibrant Vietnamese market offers immense opportunities for global expansion, driven by a stable economy and a pro-business regulatory environment. However, this potential is accompanied by a sophisticated web of legal frameworks, evolving tax circulars, and strict administrative requirements that can be daunting for newcomers.

For Foreign Direct Investment (FDI) Small and Medium Enterprises (SMEs), outsourcing accounting services for small businesses is no longer just a simple cost-cutting measure or a tactical convenience. In the rapidly changing landscape of 2026, it has evolved into a high-level strategic move designed to mitigate regional risks, ensure absolute compliance with local authorities, and build a foundation for sustainable, long-term operations in Vietnam. By leveraging expert external support, business owners can navigate the complexities of local standards while keeping their internal resources focused entirely on core growth and market penetration.

1. Why Outsourcing Accounting Services for Small Business is Essential for FDI Entities

New FDI businesses in Vietnam often navigate a “maze” of operational hurdles:

  • E-invoicing Pressure & Strict Deadlines: The mandatory adoption of e-invoices and rigid monthly/quarterly tax filing deadlines can lead to heavy administrative fines without a dedicated professional team.
  • The VAS vs. IFRS Gap: Discrepancies between Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS) make consolidating reports for headquarters difficult, often delaying audits and profit repatriations.
  • Language Barriers & Talent Turnover: Finding accountants fluent in English or Japanese is difficult. High turnover rates and hidden labor costs (insurance, benefits, training) can destabilize a company’s management system.

2. Strategic Benefits of Outsourcing Accounting Services for Small Business

Instead of maintaining a bulky internal department, utilizing professional accounting services allows SMEs to focus entirely on their core business growth.

Comprehensive Legal Compliance through Bookkeeping Services

Professional firms provide end-to-end solutions, from bookkeeping services to tax filing, keeping your business “safe” from tax authorities:

  • Tax Filings: Handling Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT).
  • Mandatory FDI Reports: Preparing periodic investment project implementation reports as required by the Ministry of Planning and Investment (MPI).

Cost and Management Optimization

  • Global Standard Reporting: Providing English-language reports and mapping VAS data to IFRS formats for seamless parent company oversight.
  • Budget Efficiency: Outsourcing costs are significantly lower than hiring full-time internal staff, eliminating expenses for office space, infrastructure, and specialized accounting software.

3. Our Workflow for Outsourcing Accounting Services for Small Business at Vina TPT

vina tpt outsourcing accounting services for small business

At Vina TPT, we utilize a transparent, professional workflow specifically designed to meet the rigorous standards of international investors:

  • Consultancy & Collection: We advise on the required documentation based on your specific industry and collect original vouchers monthly.
  • Data Processing: All transactions are entered into specialized accounting software, ensuring data systematicity and easy retrieval.
  • Integrity Review: We perform a meticulous analysis of all accounts to ensure data is complete, accurate, and valid under Vietnamese law.
  • VAS Reporting: Monthly and annual financial statements are prepared according to VAS standards, with optional IFRS conversion for auditing purposes.
  • Managerial Insights: We provide ad-hoc managerial reports tailored to the Board of Directors’ needs, offering a clear view of the company’s financial health.
  • Professional Advice: Acting as your dedicated accounting and tax consultant, we provide real-time updates on new tax policies to help you adapt and optimize tax obligations.

4. Why Vina TPT is the Ideal Partner for SMEs in Vietnam?

We understand the anxieties of business owners in a new market. Vina TPT offers exclusive advantages:

  • “Pay-as-you-grow” Model: Flexible service fees based on actual document volume, starting from just $120 USD/month. This is the perfect solution for SMEs to preserve working capital during the early stages.
  • No Language Barrier: Our experts communicate directly in English or Japanese, ensuring transparency without the need for third-party interpreters.
  • From Compliance to Strategy: We go beyond filing taxes; we provide deep Financial Insights to help you make data-driven business decisions.
  • Confidentiality & Transparency: We guarantee absolute security for all cash flow and accounting data, building a foundation of trust for your operations in Vietnam.

Ready to Optimize Your Accounting Operations in Vietnam with Vina TPT?

Don’t let complex administrative hurdles, shifting tax regulations, or language barriers slow your business progress and market entry. Navigating the Vietnamese regulatory landscape requires precision, and even a small oversight in compliance can lead to costly delays.

Contact our expert team at Vina TPT today for a comprehensive 1-on-1 intensive consultation. We will provide you with a tailored roadmap for outsourcing accounting services for small business, ensuring your financial system is robust, transparent, and fully compliant from day one. Let us handle the complexities of the local system so you can focus entirely on scaling your business and achieving your strategic goals in Vietnam.

Get Your Free 30-Minute Consultation

Strategic Benefits of Outsourcing Accounting Services for Small Business

Accounting & Tax, Lasted News

Key Changes to Vietnam Personal Allowances in 2026: Family Deduction Explained

Posted on by ASS
Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

1. Overview of Personal Income Tax Thresholds in Vietnam from 2026

The official policy to increase personal allowances to VND 15.5 million per month from 2026 represents a significant adjustment to Vietnam’s personal income tax system, aiming to ease the tax burden and better reflect current living costs. Under this policy, the personal allowance for taxpayers rises from VND 11 million to VND 15.5 million per month, while the allowance for each dependent increases to VND 6.2 million per month.

This change raises the taxable income threshold, providing meaningful support to middle-income earners, especially those with children or other dependents. Effective from the 2026 tax year, the new regulation not only helps reduce financial pressure on salaried individuals but also enables taxpayers to plan their personal finances more proactively in line with economic conditions and cost of living changes.

2. Family Deduction Levels Applicable from 2026

According to the Resolution, starting from the 2026 tax assessment period, personal income applied in personal allowance applied in personal income tax (PIT) calculation will be significantly increased. Specifically:

  • Personal allowance for the taxpayer will be raised to VND 15.5 million per month (equivalent to VND 186 million per year).

  • The dependent allowance will be set at VND 6.2 million per month for each eligible dependent.

Example 1: Individual With No Dependents

  • Monthly income: VND 18,000,000

  • Personal allowance: VND 15,500,000

After applying the personal allowance, only VND 2,500,000 remains subject to personal income tax. If mandatory insurance contributions are further deducted, this individual may not incur any PIT liability.

Example 2: Individual With One Eligible Dependent

  • Monthly income: VND 25,000,000

  • Personal allowance: VND 15,500,000

  • Dependent allowance (1 dependent): VND 6,200,000

Taxable income calculation: 25,000,000 − 15,500,000 − 6,200,000 = VND 3,300,000

This taxable income falls within the lowest PIT bracket under Vietnam’s progressive tax rate system. 

3. Who Qualifies as a Dependent for Family Deduction Purposes?

Pursuant to Point d, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC, dependents eligible for family deductions when calculating personal income tax (PIT) include the following categories:

3.1. Children of the Taxpayer

  • Children under 18 years of age (calculated on a monthly basis).

  • Children aged 18 or older who are disabled and unable to work.

  • Children who are studying in Vietnam or overseas at universities, colleges, professional secondary schools, or vocational institutions, including children aged 18 or older who are still attending high school (including the period from June to September of Grade 12 while awaiting university entrance exam results), with no income or with an average monthly income not exceeding VND 1 million.

3.2. Spouse of the Taxpayer

  • Of working age: must be disabled, unable to work, and have no income or an average monthly income not exceeding VND 1 million.

  • Beyond working age: must have no income or an average monthly income not exceeding VND 1 million.

Specifically, according to Clause 1, Article 4 of Decree No. 135/2020/NĐ-CP, the statutory retirement age in 2025 is:

  • Male employees: 61 years and 3 months

  • Female employees: 56 years and 8 months

3.3. Parents and Parents-in-law

This category includes biological parents, parents-in-law, step-parents, and legally adopted parents:

  • Of working age: must be disabled, unable to work, and have no income or an average monthly income not exceeding VND 1 million.

  • Beyond working age: must have no income or an average monthly income not exceeding VND 1 million.

3.4. Other Individuals Directly Supported by the Taxpayer

  • Biological brothers and sisters.

  • Paternal and maternal grandparents.

  • Aunts, uncles (paternal or maternal).

  • Nieces and nephews (children of biological siblings).

  • Other individuals without means of support, as prescribed by law.

Note: Individuals under this category are only considered eligible dependents if they have no means of support, are directly supported by the taxpayer, and meet the statutory conditions regarding income level and working capacity in accordance with Point đ, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC.

Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

4. How to Determine Family Deduction When Calculating PIT from 2026

4.1. Step 1: Determine Total Taxable Income for the Period

Total income includes all salary, wages, and salary-like allowances arising during the relevant tax assessment period.

4.2. Step 2: Apply Deductions For The Taxpayer And Eligible Dependents

The personal allowance is deducted directly at VND 15.5 million per month. For each eligible and duly registered dependent, an additional VND 6.2 million per month may be deducted.

Total family deduction = Personal allowance + Dependent allowances.

Accordingly, from 2026, individuals without dependents will only incur personal income tax (PIT) when their income exceeds VND 15.5 million per month, while individuals with one eligible dependent will begin to pay PIT when their income exceeds VND 21.7 million per month. These guidelines enable employees to more easily estimate their taxable income and PIT liabilities, thereby proactively planning their personal finances once the new policy takes effect.

4.3. Illustrative Example

Mr. C is a salaried employee who has registered two eligible dependents.

Monthly income: VND 30,000,000

Personal allowance: VND 15,500,000 per month

Dependent allowances: VND 6,200,000 × 2 = VND 12,400,000 per month

Taxable income: 30,000,000 − 15,500,000 − 12,400,000 = VND 2,100,000 per month

Under the progressive PIT tariff, taxable income of VND 2.1 million per month falls within Bracket 1, subject to a 5% tax rate.

PIT payable: 2,100,000 × 5% = VND 105,000 per month

This example demonstrates that, under the new family deduction thresholds effective from 2026, taxpayers with multiple dependents benefit significantly, as their PIT liabilities are substantially reduced and their net take-home income is improved.

5. How Vina TPT Supports Foreigners with Personal Income Tax Finalization in Vietnam 

Vina TPT offers comprehensive Personal Income Tax (PIT) support for foreign employees in Vietnam, ensuring full compliance with local regulations while simplifying the process for businesses:

  • Record Review: Carefully review labor contracts, payroll records, tax deduction documents, foreign-sourced income records, and related invoices to ensure all data is accurate and complete.
  • Tax Calculation: Calculate taxable income, apply family and dependent deductions, and ensure proper application of Double Taxation Agreements (DTA) to avoid double taxation.
  • Declaration Preparation & Submission: Prepare PIT finalization dossiers and submit them via the e-tax system or on behalf of the business, providing bilingual Vietnamese-English reports for easy monitoring.
  • Tax Refund Support: Assist with preparing and monitoring tax refund dossiers, liaising with tax authorities to secure timely and transparent refunds.
  • Ongoing Consultation: Represent the business in the event of tax audits, additional document requests, or inquiries, helping to manage administrative requirements efficiently.

Contact Vina TPT today for comprehensive consultation and end-to-end support on personal income tax matters in Vietnam.

BOOK A FREE CONSULTATION

setting up company in Vietnam

Accounting & Tax, Lasted News, Tax News

Updated List of Foreign Contractors Registered for Tax in Vietnam 2024-2025

Posted on by ASS
List of foreign contractors registered for tax in Vietnam including Google, Meta and Microsoft

Official list of foreign contractors registered for tax in Vietnam under Circular 80

1. Comprehensive List of Foreign Contractors Registered for Tax in Vietnam

In recent years, the General Department of Taxation (GDT) of Vietnam has revolutionized the tax landscape for digital services. By launching a dedicated e-tax portal Vietnam (etaxvn.gdt.gov.vn), the GDT now allows foreign information providers and non-resident contractors to register, declare, and pay taxes directly. This shift significantly impacts how local businesses manage their Foreign Contractor Tax (FCT) obligations, moving the compliance burden from the local buyer to the international seller. Understanding the current list of foreign contractors registered for tax in Vietnam is the first step for any business to ensure they are applying the correct tax treatment for cross-border transactions.

2. Why You Need to Track This List

For Vietnamese accountants and business owners, regularly monitoring the list of foreign contractors registered for tax in Vietnam is crucial for navigating FCT compliance because:

  • Direct Tax Compliance: It determines whether the Vietnamese buyer must withhold tax or if the foreign information providers on the list of foreign contractors registered for tax in Vietnam handle it directly via the e-tax portal Vietnam.

  • Expense Validation: Ensuring the FCT tax codes (MST) provided on digital receipts matches the official list of foreign contractors registered for tax in Vietnam is vital for valid Corporate Income Tax (CIT) deductions.

  • Avoiding Double Taxation: By referring to the list of foreign contractors registered for tax in Vietnam, businesses can accurately apply rules for cross-border digital services under Circular 80/2021/TT-BTC without risk of overpayment.

3. Featured List of Foreign Contractors Registered for Tax in Vietnam

Below is the directory of major entities that have successfully registered their FCT tax codes as shown in the official list of foreign contractors registered for tax in Vietnam.

NO TAX CODE TAXPAYER’S NAME TC ISSUE DATE
1 9000001017 Addons Studio LLC 07/05/2024 14:40:41
2 9000001169 Lemon Squeezy LLC 02/05/2024 08:07:32
3 9000001151 Replay 02/05/2024 08:06:36
4 9000001144 SEMRUSH INC. 23/04/2024 17:50:45
5 9000001137 PMMAX Technology Limited 23/04/2024 17:50:38
6 9000001112 Elsevier B.V. 22/04/2024 08:42:25
7 9000001105 Elsevier Inc. 22/04/2024 08:42:09
8 9000001095 Elsevier Limited 22/04/2024 08:35:37
9 9000001088 Nanyang Technological University 22/04/2024 08:34:41
10 9000001070 Clearword Ltd 13/04/2024 15:33:34
11 9000001063 With Reach UK Ltd 09/04/2024 16:15:14
12 9000001056 Association Of Chartered Certified Accountants 25/03/2024 11:27:18
13 9000001049 Predibase 21/02/2024 08:45:09
14 9000001031 Posit Software PBC 16/02/2024 08:57:58
15 9000001024 CYBERGHOST S.R.L. 16/02/2024 08:53:01
16 9000000990 upvpn LLC 29/01/2024 18:07:05
17 9000000983 Ahrefs Pte. Ltd. 29/01/2024 18:06:29
18 9000000976 Brainfish Pty Ltd 17/01/2024 11:11:45
19 9000000969 Codecademy LLC 09/01/2024 19:35:40
20 9000000951 YX ECOMMERCE SUPPLY (HONG KONG) LIMITED 09/01/2024 19:32:28
21 9000000944 Surfshark B.V. 09/01/2024 19:23:55
22 9000000937 PIA Private Internet Access, Inc 15/12/2023 14:01:32
23 9000000912 Express Technologies Limited 08/12/2023 11:20:12
24 9000000905 FREEPIK COMPANY, S.L 26/10/2023 09:12:02
25 9000000895 Aptoide S.A. 26/10/2023 09:11:51
26 9000000888 Nintendo Co., Ltd. 24/10/2023 11:37:26
27 9000000870 Olea Global Pte. Ltd. 23/10/2023 14:47:48
28 9000000863 Metis.AI UG (haftungsbeschränkt) 07/10/2023 17:28:06
29 9000000856 VERICANT INTERNATIONAL HOLDINGS LIMITED 29/09/2023 16:31:27
30 9000000849 TRIP.COM TRAVEL SINGAPORE PTE. LTD. 17/09/2023 20:11:41
31 9000000831 Upwork Global Inc. 14/09/2023 11:06:50
32 9000000824 VELOTRADE MANAGEMENT LIMITED 13/09/2023 13:02:42
33 9000000817 Match Group, LLC. 05/09/2023 09:59:04
34 9000000782 Localization Academy Inc. 05/09/2023 09:58:13
35 9000000775 INDEFINITE 03/08/2023 08:40:28
36 9000000768 AMAZON ASIA-PACIFIC HOLDINGS PRIVATE LIMITED 03/08/2023 08:36:31
37 9000000750 HONG KONG EXPRESS AIRWAYS LIMITED 01/08/2023 17:05:16
38 9000000736 Blinks Labs GmbH 27/07/2023 10:54:38
39 9000000743 Epic Games Commerce GmbH 21/07/2023 14:46:26
40 9000000729 Sandbox Interactive GmbH 22/06/2023 16:11:48
41 9000000711 Epic Games Entertainment International GmbH 22/06/2023 16:11:16
42 9000000704 Foxit Software Incorporated 17/06/2023 12:28:16
43 9000000694 Ganjingworld Corporation 09/05/2023 09:16:02
44 9000000687 nordvpn S.A. 27/04/2023 10:14:53
45 9000000662 GARMIN (EUROPE) LIMITED 25/04/2023 10:27:45
46 9000000655 BYTEDANCE PTE. LTD. 21/04/2023 14:17:01
47 9000000648 POLIGON PTE. LTD. 21/04/2023 14:16:54
48 9000000630 MySchool Ltd 13/03/2023 15:23:57
49 9000000623 Udemy, Inc. 03/03/2023 10:02:33
50 9000000616 TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED 27/02/2023 08:58:33
51 9000000599 Bitrix, Inc. 06/02/2023 11:17:13
52 9000000581 Galactic Entertainment NFTs Limited 19/01/2023 14:53:33
53 9000000574 University of London 19/01/2023 11:03:26
54 9000000567 ZOOM VIDEO COMMUNICATIONS INC 10/01/2023 17:00:46
55 9000000542 TRADINGVIEW, INC. 25/11/2022 10:01:25
56 9000000535 Trinity College London Press Limited 23/11/2022 10:08:41
57 9000000528 NBA Digital Services International, Inc. 23/11/2022 10:02:24
58 9000000510 The Chancellor, Masters, and Scholars of the University of Cambridge 14/11/2022 10:21:00
59 9000000503 Shen Yun Zuo Pin, Inc. 09/11/2022 16:05:09
60 9000000422 Fenix International Limited 18/10/2022 10:59:50
61 9000000493 DialogEdu, LLC 10/10/2022 17:22:23
62 9000000486 Apple Distribution International Limited 29/09/2022 08:22:44
63 9000000479 Verifone Payments B.V. 21/09/2022 08:21:52
64 9000000461 ETSY IRELAND 13/09/2022 16:41:16
65 9000000454 Bloomberg Finance Singapore L.P. 13/09/2022 16:38:35
66 9000000447 PADDLE.COM MARKET LIMITED 05/09/2022 11:18:10
67 9000000415 Google Asia Pacific Pte Ltd 15/08/2022 14:54:14
68 9000000408 TOKGISTIC PTE. LTD. 11/08/2022 16:54:48
69 9000000398 University of Auckland 29/07/2022 17:24:35
70 9000000380 MORRIS SHIPPING INTERNATIONAL LIMITED 20/07/2022 08:46:30
71 9000000373 Bloomberg L.P. 11/07/2022 11:32:09
72 9000000366 eBay Marketplaces GmbH 28/06/2022 20:52:39
73 9000000359 Canva Pty Ltd 23/06/2022 18:37:44
74 9000000341 MCAFEE IRELAND LIMITED 01/06/2022 14:30:09
75 9000000334 CGTrader UAB 30/05/2022 10:39:47
76 9000000327 META PLATFORMS IRELAND LIMITED 27/05/2022 10:23:13
77 9000000302 Hostinger PTE Ltd. 27/05/2022 10:23:08
78 9000000292 META PLATFORMS TECHNOLOGIES IRELAND LIMITED 27/05/2022 10:22:58
79 9000000285 FACEBOOK PAYMENTS INTERNATIONAL LIMITED 27/05/2022 10:22:52
80 9000000278 2C2P PTE.LTD 24/05/2022 18:27:49
81 9000000260 PIPO (HK) Limited 20/05/2022 11:41:10
82 9000000207 Cricut Inc 06/05/2022 18:07:24
83 9000000197 Spotify AB 05/05/2022 14:30:46
84 9000000172 TRAVELOKA SERVICES PTE.LTD. 30/04/2022 08:47:53
85 9000000165 Huawei Services (Hong Kong) Co., Limited 29/04/2022 16:48:55
86 9000000158 IMAGE FUTURE INVESTMENT (HK) LIMITED 28/04/2022 15:52:35
87 9000000140 KLOOK TRAVEL TECHNOLOGY LIMITED 27/04/2022 17:03:21
88 9000000133 Samsung Electronics Co., Ltd. 27/04/2022 14:30:26
89 9000000126 LinkedIn Singapore Pte. Ltd. 18/04/2022 08:41:35
90 9000000119 EZVIZ INTERNATIONAL LIMITED 18/04/2022 08:41:25
91 9000000101 Educational Testing Service 13/04/2022 16:21:51
92 9000000091 Blizzard Entertainment Inc 06/04/2022 14:41:27
93 9000000084 TIKTOK PTE. LTD. 04/04/2022 11:07:49
94 9000000077 Netflix Pte. Ltd. 31/03/2022 15:39:17
95 9000000052 iHerb, LLC 30/03/2022 10:50:20
96 9000000045 Microsoft Regional Sales Pte Ltd 24/03/2022 15:56:01

How to Search for Foreign Tax IDs (MST) Online

To verify if a specific foreign partner is registered, follow these steps:

  1. Visit the Official Portal for Foreign Suppliers

  2. Navigate to the “Taxpayer Information” or “Look up Information” section.

  3. Enter the entity name or the 10-digit Tax ID to check their current status.

4. Key Considerations for FCT Compliance

  • Direct Registration: If a provider is found on the list of foreign contractors registered for tax in Vietnam, the local buyer is generally relieved from declaring and paying FCT on their behalf.

  • Invoicing & Verification: Always verify that the digital invoice includes a 10-digit FCT tax code that matches the list of foreign contractors registered for tax in Vietnam.

  • E-tax Portal Verification: Use the e-tax portal Vietnam to look up any new foreign information providers that might have joined the list of foreign contractors registered for tax in Vietnam mid-quarter.

5. Conclusion

Staying updated with the list of foreign contractors registered for tax in Vietnam is no longer just a recommendation—it is a critical requirement for maintaining financial transparency and FCT compliance. Referring to the official list of foreign contractors registered for tax in Vietnam ensures your business adheres to Circular 80/2021/TT-BTC guidelines.

For businesses, verifying the tax status of foreign information providers through this list of foreign contractors registered for tax in Vietnam is the most effective way to mitigate risks during tax audits. By confirming that a provider has registered their FCT tax code on the list of foreign contractors registered for tax in Vietnam, you can confidently manage your international payments and ensure that all expense claims remain valid under current laws.

6. How Vina TPT Supports Your FCT Compliance

Vina TPT Accounting Service provides specialized support for businesses dealing with foreign information providers and the list of foreign contractors registered for tax in Vietnam:

  • Tax Compliance Review: Verifying partners against the latest list of foreign contractors registered for tax in Vietnam.
  • Circular 80/2021/TT-BTC Advisory: Managing filings for providers not yet on the list of foreign contractors registered for tax in Vietnam.
  • FCT Tax Code Verification: Ensuring your receipts from the list of foreign contractors registered for tax in Vietnam are 100% tax-deductible.
  • E-tax Portal Management: Assisting with documentation and reporting via the e-tax portal Vietnam.

Contact Vina TPT today for a free consultation. Let us help you navigate the list of foreign contractors registered for tax in Vietnam and stay legally secure.

CONTACT YOUR EXPERT