Accounting & Tax, Lasted News

Financial Reporting and Tax Finalization Services 2025 in Vietnam

Posted on 08/12/202517/04/2026 by ASS

1. Overview of Financial Reporting & Tax Finalization in Vietnam 2025

In 2025, FDI enterprises and domestic enterprises in Vietnam must fully comply with financial reporting and tax settlement obligations as prescribed. The annual financial statements include the Balance Sheet, Income Statement, Cash Flow Statement and Notes to the Financial Statements, all of which must be prepared in accordance with Vietnamese Accounting Standards (VAS).

In parallel with preparing the Financial Statements, enterprises must make corporate income tax and personal income tax settlements within 90 days from the end of the fiscal year. The increase in the frequency of reviews and inspections by tax authorities requires enterprises to have accurate data, a synchronous accounting system and complete records to avoid the risk of being penalized.

2. Vina TPT’s Financial Statement Services

Vina TPT provides in-depth financial reporting services, helping businesses prepare accurate, transparent and fully VAS-compliant reports. Not only synthesizing data, we also provide a clear view of the financial situation and ensure readiness for audits or tax inspections.

Vina TPT’s financial reporting services include:

Preparing Balance Sheets, Income Statements, Cash Flow Statements and Financial Statement Notes
Reconciling general ledgers, detailed ledgers, accounting documents
Reviewing and adjusting prepaid expenses, fixed asset depreciation, provisions
Checking compliance with VAS and tax regulations
Detecting and handling data discrepancies before closing the books
Providing bilingual reports (Vietnamese, English, Japanese)

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3. Corporate Income Tax (CIT) Finalization Services

Vina TPT provides in-depth corporate income tax settlement services, helping businesses control data, comply with regulations and limit errors in the context of many important adjustments to tax policies and the Enterprise Law from October 1, 2025.

3.1 Review expenses and determine taxable profits

Vina TPT checks all expenses to determine which are deductible and which are not deductible in accordance with the Corporate Income Tax Law; reviews depreciation of fixed assets, interest expenses, provisions and expenses that are easily excluded during tax inspections. At the same time, the team compares data between financial statements and tax declarations to accurately calculate taxable profits, ensuring that there are no difficult-to-explain differences.

3.2 Prepare corporate income tax settlement declarations and in-depth risk assessment

The service includes full preparation of declarations, loss transfer appendices, tax incentives, cost analysis tables and explanation documents according to tax inspection standards. Vina TPT also analyzes risks by group such as costs without sufficient documents, incorrect revenue-expense periods, discrepancies in electronic invoice data, or lack of linked transaction records. From there, it proposes solutions to reduce the risk of collection and fines.

3.3 Tax optimization consulting and notes on new regulations from October 1, 2025

Vina TPT supports businesses in applying tax incentives to the right subjects, implementing valid loss transfers, and optimizing tax obligations based on legal mechanisms. In particular, changes effective from October 1, 2025 related to electronic records management, tightening cost control, and expanding explanation requirements make the settlement process more stringent; businesses need to carefully compare data, contracts, and documents to avoid risks when tax authorities inspect.

4. Personal Income Tax (PIT) Finalization for Employees & Foreigners

Personal income tax settlement is a major challenge for businesses with large staff numbers, diverse income structures or foreign employees. Vina TPT provides a complete PIT solution, helping businesses process quickly, correctly and fully comply with new regulations.

4.1 Review PIT data and prepare settlement documents

Vina TPT checks tax data of each employee monthly (income, exemptions, deductions, working days, taxes paid) to ensure consistent data before making settlement. At the same time, collect and check all documents: labor contracts, payroll, residence papers, entry/exit history of foreign experts… to help businesses have accurate data from the beginning of the year.

4.2 Preparation and submission of PIT settlement dossiers and tax refund support

Services include preparing PIT settlement declarations for businesses and individuals, correctly classifying residents and non-residents, applying double taxation agreements (DTA) if any, and submitting dossiers on time. Vina TPT also carries out tax refund procedures for employees and foreign experts, monitors the processing process and works with tax authorities to ensure that dossiers are processed quickly.

4.3 Representing and working with tax authorities and providing in-depth advice for foreign workers

Vina TPT represents businesses when requested by tax authorities, helping to reduce the workload for HR and accounting departments. At the same time, it provides in-depth advice on tax residency, applying DTA, handling business trips to multiple countries, income arising outside of Vietnam, or common international risks. This is especially important for businesses that employ many foreign experts and need to comply with cross-border tax standards.

SOLVE YOUR TAX CHALLENGES

5. Common Pain Points & Why Businesses Need Professional Support

At the end of each year, many businesses face difficulties due to:

Incorrect data or inconsistent recording
Lack of documents or incomplete records
Internal accounting systems and reporting to parent companies are not synchronized
Late submission deadlines due to limited staff
Risks of fines and additional collection when tax authorities inspect
Lack of expertise in VAS and complex tax regulations

Professional services from Vina TPT help businesses avoid these risks and ensure the tax filing process runs smoothly.

6. Why Choose Vina TPT for Reporting & Tax Services

Values:

Vina TPT helps businesses maintain a transparent accounting system, accurate reporting and minimize tax risks in the context of increasingly strict inspections.

Professional capacity:

A team of accountants & tax experts with many years of experience in FDI enterprises
Deep understanding of VAS and financial reporting according to international standards
Bilingual support in Vietnamese – English – Japanese

Service commitment:

Clear process, fast processing time
Data security and absolute compliance with legal regulations
Optimal cost according to scale and workload

7. Comprehensive Service Package for FDI Enterprises

Vina TPT provides One-Stop Tax & Accounting Solution, including:

Annual Financial Report
Corporate Income Tax Finalization
Personal Income Tax Finalization
Accounting & Bookkeeping Services
Payroll, Labor Report
Support for Foreign Labor Compliance
Support for Working with Tax Authorities, Inspections & Audits

Consistency

All services are deployed synchronously according to one system, avoiding data discrepancies between departments and reducing risks during audits.

Long-term Benefits

A suitable solution for FDI enterprises that need stability, transparency and long-term support in a volatile legal environment.

Start with Vina TPT to complete financial reports and tax settlement 2025 quickly!

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Accounting & Tax, Lasted News

When to Switch Accounting Services in Vietnam: Key Indicators for Businesses

Posted on 08/12/202517/04/2026 by ASS

1. Key Indicators Bookkeeping Service Should Improve

Businesses should consider improving their accounting services when they notice the following signs:

Inaccurate or opaque reporting, making it difficult to assess the financial situation.
Delays in preparing monthly/quarterly/annual reports, affecting business decisions and legal compliance.
Service costs are too high compared to the quality and scope of service.
Lack of financial strategy consulting support, preventing businesses from optimizing cash flow or budget.
Expanding business but current services are not meeting the increased volume of books and reports.

These signs are signals to consider finding a more reliable accounting partner.

2. Assessing Your Business Requirements

To decide whether to switch to a new bookkeeping or accounting service, businesses need to conduct a comprehensive assessment of their current needs. A correct assessment will help you choose the right type of service, the right level of support and optimize costs.

2.1 Assess the volume of documents and the complexity of transactions

Businesses need to answer the following questions:

Is the number of input and output invoices increasing each month?
Are there complex transactions such as: import, export, transfer pricing, authorization, cross-border service contracts?
Do the transactions require cost allocation, depreciation, asset capitalization, and exchange rate difference handling?
If the volume of documents is increasing or the transactions are complicated, businesses need an accounting unit with in-depth expertise, instead of just simple bookkeeping.

2.2 Assessing Tax Compliance

Vietnam has many taxes with constantly updated regulations: VAT, CIT, PIT, FCT, electronic invoices…

Enterprises need to consider:

Are tax reports submitted on time?
Have you ever been fined for incorrect declaration or late submission?
Does the current unit warn the business of new regulations or tax risks?
Does it ensure complete documentation when the tax authority inspects?

If the answer to any question is “No”, the business should consider changing to a unit with stronger tax consulting capacity.

REVIEW YOUR CURRENT SYSTEM

2.3 Reporting frequency and transparency level

Each business has different reporting needs:

Internal management reports by month/quarter
Reports as required by the parent company (e.g., for Japanese, Korean, Singaporean businesses)
Reports analyzing costs, cash flow, and profits by segment

Businesses need to evaluate whether the current unit:

Does it provide reports on time and in the required format?
Does it explain the data clearly, or does it just send files without consulting?
Does it support customizing reports according to management needs?
If it does not meet these requirements, the business needs a more professional partner.

2.4 Ability to accompany the business when it expands

You need to consider:

Does the business plan to open branches, increase capital, or increase staff size in the coming year?
Can the current accounting unit meet the increased workload?
Do they have experience in handling FDI or large-scale enterprise records?

A small or unsystematic unit often has difficulty keeping up with the growth rate of the enterprise.

2.5 Evaluate the appropriate bookkeeping service model

When assessing the needs, you also need to determine the ideal model:

Fully outsource?
Specialized service?
A combination of internal + outsourced bookkeeping?

Part 3 below will have a comparison table to help you decide exactly which model is most suitable.

3. Comparing Bookkeeping and Accounting Options

Below is a comparison table of popular options: full outsourcing, hiring specialized services, and building an internal accounting team.

Evaluation Criteria	Outsourced Bookkeeping / Full Accounting Outsourcing	Specialized Accounting Services (Tax, Review, Financial Reporting)	Internal Accounting Team
Operating cost	Low, fixed monthly fee	Medium, depends on the specialized service scope	High, includes salary, social insurance, training, and management cost
Professional expertise	High, especially with reputable firms such as Vina TPT	Very high, suitable for complex financial and tax matters	Varies by individual capability, risk of dependency
Tax advisory capability	Good, with regular regulation updates	Excellent, strong in tax planning and risk management	Limited, as internal staff have less exposure to diverse industries
Staff stability	Stable due to dedicated service teams	Very stable	Unstable, employees may resign and require rehiring and retraining
Best suited for	SMEs, FDI companies, fast growing businesses	Companies needing deep tax expertise, reviews, or complex reporting	Large enterprises that require strong internal control
Speed of implementation	Fast, can start immediately	Depends on scope or project complexity	Slow, requires recruitment and training
Data control	Good when handover processes are well managed	Very strong and detailed	Good but depends heavily on internal personnel
Legal compliance risk	Low due to expert handling	Very low due to constant regulatory updates	Higher if the internal team is not updated on tax regulations
Scalability	Flexible based on business growth	Flexible based on project needs	Limited, scaling requires hiring additional staff
Best case to choose this option	When businesses want cost savings and on time reports	When advanced tax, audit support, or financial management expertise is required	When the company is large and needs deep internal control

4. Key Benefits of Switching to a Reliable Bookkeeping Service Partner

When switching to a better service provider, businesses will receive:

Significant cost savings: No need to recruit, train, or maintain an internal accounting team.
Improve accuracy and transparency: Bookkeeping is standardized, consistent, and in compliance with regulations.
Ensure compliance with the law: Tax reporting and financial reporting are done on time and in compliance with regulations, avoiding the risk of being fined.
Optimize financial processes: A scientifically organized accounting system supports better decision making for the board of directors.

5. Steps to Seamlessly Transition Bookkeeping Service

Transitioning to a new accounting unit will go smoothly if the business prepares properly. Here are simple but effective steps to reduce risks and avoid reporting disruptions:

Step 1: Assess the current state of bookkeeping services

Businesses need to review the quality of reports, progress of declaration submission, accuracy and coordination ability of the current accounting unit. From there, accurately determine the reason for the transition and specific requirements for the new unit.

Step 2: Prepare documents & data for handover

Including financial reports, books, tax declarations, labor contracts, software accounting data, and related documents. Arranging complete documents will help the new unit to receive quickly and not miss tax obligations.

Step 3: Make a detailed transition plan

Agree with the new accounting unit on the scope of work, start time, responsibilities of each party and method of receiving data. In this step, the business also determines the closing time to avoid duplication.

Step 4: Handover of books & check for completeness

All data is handed over according to the agreed list. The new unit will check for completeness, compare data and detect problems (if any) before official operation.

Step 5: Trial operation & adjustment

In the first 1-2 cycles (month or quarter), the new accounting unit will re-check the accounting, ensuring that tax reports and management reports are prepared correctly. If there are any discrepancies from the old unit, the two parties will immediately adjust to avoid tax risks.

Step 6: Officially switch to stable operation

After testing and comparison, the business can operate stably with the new accounting provider, ensuring a smooth, transparent process and in accordance with management requirements.

6. Why Vina TPT Is the Preferred Choice for Businesses

Vina TPT is considered the best bookkeeping services in Vietnam with many outstanding advantages:

Comprehensive and specialized services: From bookkeeping services, accounting services to complex tax consulting for FDI enterprises.

Ability to receive books at any time: Whether the enterprise transfers accounting services at the beginning, middle or end of the year, Vina TPT still ensures:

Review old data
Adjust errors
Complete unfinished records
Continue to record books for the next phase

All are done quickly – transparently – in compliance with the law.

Smooth transition process: Vina TPT has experience in handling interrupted records, incomplete books, or delayed tax reports.

Highly specialized team: Accounting – tax experts with many years of experience, knowledgeable about FDI enterprises and domestic enterprises.

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Accounting & Tax, Labor & Insurance Knowledge, Lasted News

Best Bookkeeping Services for Startups in Vietnam

Posted on 05/12/202517/04/2026 by ASS

Best-Bookeeping-Services-for-Startups-in-Vietnam-Vina-TPT

1. Common Accounting Challenges Faced by Startups

Bookkeeping services are essential because startups in Vietnam often face many difficulties in accounting and financial management. First is the limited human resources, as many new businesses only have a few employees or do not have a dedicated accounting department.

Second is the high cost of hiring full-time staff or hiring an unsuitable accounting service company. Startups often have to consider limited budgets, while maintaining an internal team is expensive in terms of salary, benefits and training.

Finally, many startups lack experience in financial management and tax compliance. Errors in VAT, CIT, PIT declarations or social insurance payments can lead to legal risks, tax arrears or administrative fines. This is why many startups choose outsourced accounting services to ensure accurate financial operations and compliance with Vietnamese law.

SOLVE YOUR ACCOUNTING CHALLENGES

2. Core Accounting Services for Startups

Startups need essential accounting services to operate effectively and remain compliant with the law. Key services include:

Bookkeeping:

- Record all transactions, invoices, and documents according to Vietnamese accounting standards. Classify and organize financial data, making it easy to track cash flow.

Monthly & Year-End Reporting:

- Prepare monthly/quarterly financial reports to evaluate business performance.
- Prepare year-end reports to meet audit and tax requirements.

Tax Compliance:

Businesses must ensure full and timely compliance with Vietnam’s tax regulations, including Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT). Key responsibilities include:

Preparing accurate tax reports in accordance with current tax laws.
Submitting monthly, quarterly, and annual tax declarations to avoid penalties or late-filing fines.
Maintaining clear, consistent accounting records to support all reported figures.
Providing explanations and supporting documentation to tax authorities when required, including clarifying discrepancies or responding to official notices.
Handling tax audits and inspections professionally to ensure consistency between records and declarations.

Ensuring compliance with all tax obligations not only minimizes legal risks but also builds long-term credibility with regulatory authorities.

Payroll & Insurance Management:

This service ensures accurate and compliant management of employee compensation and social insurance obligations. Key responsibilities include:

Preparing payroll and calculating Personal Income Tax (PIT) for all employees.
Paying social insurance, health insurance, and unemployment insurance contributions in accordance with Vietnamese law.
Registering new employees for social insurance and processing all related insurance documents.
Submitting labor reports and mandatory filings to relevant authorities as required by labor regulations.
Ensuring compliance with labor laws and personal income tax obligations for all employees.

Effective payroll and insurance management helps businesses minimize legal risks, maintain employee satisfaction, and ensure smooth operations in accordance with Vietnamese regulations.

Financial Consulting:

Cash flow analysis, cost optimization and budget planning.
Support startups to make accurate and timely financial decisions.

These services help startups operate transparently financially, save time and focus on product and market development instead of struggling with complicated accounting.

4. How Outsourced Bookkeeping Ensures Accuracy

Vina TPT’s outsourced accounting service helps startups standardize all books and financial reports in accordance with Vietnamese accounting standards. All transactions, invoices and documents are systematically recorded, classified and checked, helping to ensure that all financial data is accurate and transparent. This process not only minimizes human errors but also creates clear and complete records, serving monthly, quarterly and year-end reporting. Thanks to that, startups can grasp cash flow, manage costs and evaluate business performance in a timely manner, thereby making more accurate financial decisions.

Moreover, Vina TPT also ensures full compliance with legal regulations on tax and financial reporting. Each report is cross-checked, compared with original documents and accurately calculates taxes payable, limiting the risk of being overcharged or administratively fined. In addition, the service also provides transparent, easy-to-read reports, helping investors, banks or partners clearly understand the financial situation of startups. Thanks to that, businesses not only feel secure about accuracy but also save operating time, focus on product and market development, and build credibility with business partners.

5. Why Vina TPT Is the Go-To Accounting Firm for Startups

Vina TPT Accounting Service is an ideal partner for startups in Vietnam thanks to:

Comprehensive services: bookkeeping, monthly/quarterly/annual reports, tax declarations, payroll management, financial consulting.
High expertise for startups: understanding the specifics of limited budgets, simple but legal processes.
Transparent processes: clear reports, easy to check and manage cash flow.
Reduced operational load: startups do not have to worry about accounting staff or legal errors, focus on business development.
Language advantage : services are available in both Vietnamese, English & Japanese, facilitating communication for foreign founders and easing compliance with local regulations.

Vina TPT helps startups operate finances effectively, comply with the law and develop sustainably.

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Accounting & Tax, Finance & Accounting Knowledge, Lasted News

How Outsourced Full-Service Accounting Empowers FDI Companies in Vietnam

Posted on 23/09/202527/03/2026 by ASS

Full-service accounting solutions for FDI companies in Vietnam

1. How Full-Service Accounting Supports FDI Companies in Vietnam

With the growth rate of Foreign-capital enterprises in Vietnam (more than 36 billion USD of registered capital in 2024 according to the Ministry of Planning and Investment), more and more multinational enterprises are facing accounting and tax complexities. A Japanese company operating in Vietnam must both prepare reports according to Vietnamese Accounting Standards (VAS) for domestic management agencies and ensure IFRS standards to send to the parent company. Without a professional full-service accounting system, the risk of data errors, late submission of reports or administrative fines is very high.

At the strategic level, full-service accounting is not only an accounting support service, but also acts as a “financial arm” to help Foreign-capital companies optimize capital management, improve internal control processes and minimize legal risks. A typical case is Samsung in Vietnam: huge transaction volume, many supply chains and factories force them to standardize reports on digital platforms. This is an example showing that outsourced accounting can bring long-term sustainability to the operations of Overseas-invested companies

2. Key Advantages of Outsourced Accounting

When choosing outsourced full-service accounting, companies can receive the following practical values:

Saving costs & resources: Instead of maintaining a cumbersome internal accounting department, enterprises only need to pay service fees according to demand, avoiding the burden of fixed costs.
Ensuring legal compliance: Professional service providers always update the latest regulations on tax and accounting, helping enterprises avoid the risk of administrative fines.
Transparency & international standards: Financial reports are standardized according to both Vietnamese law and IFRS, supporting reconciliation and transparency when sent to the parent corporation.
Optimizing financial management: Not only stopping at accounting, this service also provides in-depth financial analysis, helping the leadership have a comprehensive view to make strategic decisions.

START YOUR OUTSOURCED ACCOUNTING TODAY

3. Streamlining Financial Operations Through Full-Service Accounting

To maximize the benefits of outsourced full-service accounting, FDI enterprises need to pay attention to some important points:

Choose a reputable partner: Priority should be given to companies with experience working with FDI, understanding Vietnamese law and familiar with international standards.
Ensure data security: Accounting is directly related to sensitive financial data, so it is necessary to choose a supplier with a standard security system.
Define a clear scope of services: Depending on the scale, enterprises can choose a service package including payroll, tax reporting, financial statements or a full-package.
Periodic monitoring and evaluation: Enterprises should establish a mechanism to control and evaluate service quality to ensure long-term accuracy and suitability.

4. Enhancing Compliance and Accuracy with Professional Accounting Solutions

In Vietnam, Vina TPT has been a reliable choice for many Foreign Direct Investment companies. With a team of experts who have a deep understanding of Vietnamese accounting laws and rich experience in implementing financial reports according to international standards, Vina TPT full-service accounting solutions not only brings peace of mind in terms of compliance, but also acts as a strategic advisor.

To give Foreign Direct Investment companies a clearer view of how these solutions work in practice, here’s what Vina TPT’s full-service accounting actually delivers in each key stage of financial management.

Vina TPT’s full-service accounting service does not stop at bookkeeping or basic reporting, but covers the entire financial management process of Cross-border investment companies. First, Vina TPT collects and standardizes accounting data, compares data from many sources and ensures compliance with Vietnamese accounting and tax standards, and prepares reconciliation reports according to IFRS or US GAAP when requested by the parent company. Next, Vina TPT’s team of experts will prepare bilingual financial reports (Vietnamese – English or Japanese), including balance sheets, business performance reports, cash flow statements and report notes, satisfying both domestic management agencies and the parent group.

In addition, Vina TPT also conducts compliance reviews and adjustments before the settlement period, checks tax obligations according to investment certificates, mandatory audit requirements and related legal regulations to promptly detect and handle errors. For multinational corporations, Vina TPT supports the preparation of financial consolidation packages, synthesizing data from many subsidiaries or branches in Vietnam to send to the head office in accordance with standards and on time.

Thanks to Vina TPT’s full-service accounting service, Cross-border investment companies can completely focus on core business activities, while all financial and accounting issues are handled professionally, transparently and always in accordance with international standards.

With the support of reputable partners like Vina TPT, Foreign-capital enterprises can completely rest assured to expand their operations, seize opportunities and affirm their position in the Vietnamese market.

From compliance to growth – let Vina TPT full-service accounting solutions guide your FDI success.

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