Accounting & Tax, Lasted News

Financial Reporting and Tax Finalization Services 2025 in Vietnam

Posted on 08/12/202526/02/2026 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.

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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

Vina TPT Guide to Accurate Financial Statements Vietnam and Professional Business Accounting

Posted on 26/09/202530/03/2026 by ASS

Financial statements in Vietnam for accurate business reporting

In a competitive and tightly regulated business environment like Vietnam, preparing accurate, transparent and timely financial statements Vietnam (financial reports) plays an extremely important role for every business. Not only is it a legal requirement, preparing standard financial statements is also a decision support tool, helping the board of directors evaluate operational efficiency and strategic direction. Below is a step-by-step process for preparing financial statements, from collecting transactions to internal control, complying with accounting standards and preparing for audits, along with comprehensive support solutions from Vina TPT.

1. Collecting and Organizing Transactions for Financial Statements in Vietnam

The first step in preparing financial statements is to collect and organize all financial transactions of the business. Fully recording invoices, documents, contracts and accounting data not only helps to report accurately but also creates a foundation for accurate financial reporting and compliance with business accounting in Vietnam.

A professional data storage and processing system will support businesses to manage information in real time, helping the management easily track cash flow, control costs and make quick and effective decisions.

2. Preparing Balance Sheet, Income Statement, and Cash Flow Statement

Once the data is standardized, the business needs to prepare three core financial statements:

Balance Sheet: Reflects the status of assets, liabilities and equity.
Income Statement: Shows revenue, expenses and profits for the period.
Cash Flow Statement: Tracks cash inflows/outflows from business, investment and financing activities.

Preparing these reports requires high accuracy and compliance with Vietnam business accounting regulations to ensure accurate financial reporting, while meeting the requirements of regulators and investors.

3. Reviewing and Adjusting Before Submitting Accurate Financial Reporting

Before submitting financial reports, the step of reviewing and adjusting data is extremely important to avoid errors. Enterprises need to compare data, check accounting entries and evaluate the reasonableness of items.

This process not only helps ensure accurate financial reporting but also limits the risk of being fined for incorrect or late reporting according to Vietnamese law.

4. Ensuring Compliance with Vietnamese Business Accounting Standards

Compliance with Vietnamese Accounting Standards (VAS) and current accounting regulations is a mandatory requirement for all businesses operating in Vietnam.

Compliance with VAS helps financial reports meet standards, are easily compared and accepted in audits. This is also an important factor to enhance corporate reputation, strengthen the trust of shareholders, partners and financial institutions when assessing the financial situation of the company.

STANDARDIZE YOUR FINANCIAL REPORTS WITH VINA TPT

5. Building Internal Control for Audit Readiness

In the process of preparing financial statements, building a tight internal control system is the foundation for businesses to achieve audit readiness.

An effective internal control system allows businesses to monitor cash flow, detect early signs of fraud, control over-budget costs and ensure accounting data is processed accurately.

Applying VAS standards combined with standard processes from recording transactions, classifying documents, approving reports will help businesses not only achieve accurate financial reporting but also confidently pass periodic or ad hoc audits.

This is a key factor to improve transparency, optimize governance and increase profits.

6. How Vina TPT Supports Every Step of Preparing Financial Statements

With 15 years of experience in the field of business accounting in Vietnam, Vina TPT provides a complete solution to help businesses easily manage and prepare financial statements in Vietnam.

Vina TPT’s services include:

Collecting and organizing financial data according to national standards.
Consulting on preparing balance sheets, income statements and cash flow statements.
Reviewing and adjusting data before submission to ensure accurate financial reporting.
Supporting businesses in complying with VAS and legal regulations.
Building internal controls to achieve audit readiness, minimize risks and increase transparency.

Thanks to professional accounting services, businesses can focus on core business activities, optimize cash flow and strengthen trust with investors, shareholders and audit agencies.

The process of preparing financial statements in Vietnam requires carefulness, high expertise and strict compliance with accounting standards. From collecting transactions, reporting, internal control to preparing for audits, every step plays an important role in ensuring accurate financial reporting and sustainable development. With Vina TPT’s support, businesses can be assured of accuracy, transparency and efficiency in every stage of the financial statements preparation process, ready to conquer long-term financial goals.

Ready to simplify your financial reporting? Contact Vina TPT today

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Accounting & Tax, Lasted News, Tax News

Full-Service Accounting and Tax Solutions for Businesses in Vietnam

Posted on 26/09/202530/03/2026 by ASS

Professional accounting services Vietnam for businesses

1. Why Businesses in Vietnam Need Integrated Accounting and Tax Services

The legal environment in Vietnam requires businesses to comply with many strict regulations on accounting services Vietnam, tax services for businesses, social insurance and financial reporting. Changes in Vietnam Accounting Standards (VAS), regulations on electronic invoices or new tax policies often make it difficult for many businesses, especially SMEs and FDI companies, to update and apply.

Separating accounting and tax services can easily lead to overlaps, errors or inconsistent reporting, thereby increasing the risk of being overcharged, fined or losing credibility with management agencies. Therefore, integrated accounting services Vietnam or full-service accounting solutions that combine accounting and tax management in the same system – such as the professional accounting Vietnam model provided by Vina TPT – help businesses save costs, minimize errors and ensure comprehensive compliance.

2. Understanding the Scope of Full-Service Accounting Solution

To understand the value that full-service accounting solutions bring, businesses need to understand the comprehensive range of services that this model includes. A complete solution does not stop at simply recording and processing accounting books, but also fully integrates important service areas such as accounting services Vietnam, tax services for businesses, financial statement preparation and annual audit coordination (mandatory for all FDI companies), legal compliance consulting, and cash flow management support.. Especially for FDI companies or businesses that are expanding in scale, this service covers monthly bilingual financial statements (including the Income Statement), preparation of consolidated reports for the parent company, and reconciliation between Vietnamese Accounting Standards (VAS) and international standards such as IFRS (if any) or US GAAP.

Another difference of this model compared to traditional services is the integration between accounting and tax. Instead of having to work with many individual suppliers, businesses only need a single point of contact to ensure that all processes – from recording transactions, managing electronic invoices, preparing quarterly tax reports to year-end tax settlement – are implemented synchronously and accurately. This helps save a significant amount of time and personnel costs, while minimizing the risk of errors in auditing or tax inspection.

With a team of experienced experts in the field of professional accounting Vietnam, solutions from Vina TPT also bring strategic benefits when businesses can take advantage of accurate financial data systems to plan budgets, analyze profits and make timely investment decisions.

3. Key Tax Services That Support Business Growth and Compliance

Tax services for businesses play an important role in protecting finances and supporting business growth. In Vietnam, a comprehensive tax service package often includes:

Tax Planning & Advisory: Consulting on tax strategies to optimize financial obligations while still complying with the law.
Corporate Income Tax & VAT: Preparing and submitting corporate income tax and value-added tax declarations accurately and on time.
Personal Income Tax for Expatriates: Managing personal income tax for foreign employees, including declaration and settlement.
Tax Audit Support: Representing businesses in working with tax authorities during inspections and audits.

These services help businesses minimize the risk of late payment penalties, avoid additional costs and maintain a reputable image in the eyes of investors.

4. How Professional Accounting Enhances Transparency and Efficiency

Using professional accounting Vietnam not only provides accurate financial reports but also increases transparency in the entire business operations. With a data system that is processed, standardized and continuously updated, the management board can monitor business performance in real time, thereby making faster and more accurate decisions on strategic issues such as capital allocation, cost control or investment planning. In particular, when combined with full-service accounting solutions including accounting services Vietnam and tax services for businesses, the business will own an integrated financial platform where all information from accounting to tax is managed synchronously and transparently.

A professional accounting system also acts as an “early warning system”, helping to promptly detect potential problems such as unstable cash flow, over-budget costs, errors in electronic invoices or even signs of internal fraud. This is the key factor for businesses to proactively prevent risks, avoid administrative fines due to violations of tax and accounting regulations, and optimize financial management processes.

With the support of reputable units such as Vina TPT, businesses also receive outstanding added value thanks to a team of experienced experts who understand Vietnamese accounting standards (VAS) and international accounting standards (IFRS, US GAAP – applied only when required by the parent company for consolidation). The combination of professional accounting services Vietnam and in-depth tax consulting services helps companies, especially SMEs and FDI, to ensure compliance with the law and improve financial forecasting capabilities, thereby increasing profits and consolidating their position in the Vietnamese and international markets.

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5. Unlocking Strategic Value from Combined Accounting and Tax Solutions

Combining full-service accounting solutions with tax services for businesses not only helps businesses reduce the burden of procedures but also opens up many strategic values for sustainable development. When accounting services Vietnam and tax services are deployed in the same system, all financial data – from recording transactions, preparing financial statements to tax settlement – are managed synchronously, ensuring accuracy and consistency. This is a key factor for the board of directors to make investment decisions, expand the market or restructure the business based on reliable data.

A prominent advantage of integrating accounting and tax services is the ability to provide real-time information. Standardized and continuously updated data helps businesses promptly identify profit trends, cost fluctuations, or cash flow risks. With this platform, managers can quickly adjust budget plans, optimize tax structures, and improve financial management efficiency without depending on many separate service providers. In particular, FDI enterprises or companies that are expanding their scale will benefit from bilingual reporting services, preparing consolidated reports according to Vietnamese accounting standards (VAS) and international accounting standards (IFRS, US GAAP). This not only helps meet the requirements of domestic management agencies but also supports financial data transparency for parent corporations and international investors.

Special Notes for FDI Companies

Monthly bilingual financial statements (including Income Statement) are prepared for parent company review.
Annual audit of financial statements is mandatory under Vietnamese regulations.
IFRS reporting is optional and only required when the parent company requests consolidated reports; VAS remains the primary standard for local compliance.

6. Partnering with Vina TPT for Reliable Financial Reporting

To achieve accuracy and transparency in both accounting and tax, choosing a reputable partner is a decisive factor. Vina TPT is a provider of full-service accounting solutions and tax services for businesses trusted by many FDI enterprises and SMEs in Vietnam.

With a team of experts with more than 15 years of experience and a deep understanding of Vietnamese accounting and tax laws, Vina TPT provides bilingual Vina TPT financial reporting (Vietnamese – English), ensuring compliance with both domestic management requirements and international standards.

From professional accounting to tax declaration and financial reporting services, Vina TPT not only ensures legal compliance but also acts as a strategic advisor, helping businesses optimize costs and maintain long-term competitive advantages.

Contact Vina TPT today for trusted full-service accounting and tax solutions in Vietnam.

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

Preparing Detailed Financial Statements for FDI Companies

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

Financial statements for FDI companies in Vietnam

1. Understanding the Importance of Accurate Financial Statements

For Foreign Direct Investment companies in Vietnam, financial statements are not only mandatory legal documents to comply with the law. They are also a tool to help clarify financial situations and build solid reputation with investors and management agencies. Financial statements, if done correctly and sufficiently, will help enterprises face and manage risks very well. At the same time, it also helps companies make more effective management, investment and business decisions. This is also one of the important factors determining sustainable development for enterprises, not just Foreign-capital companies in Vietnam.

2. Key Components of FDI Financial Statements

A standard set of financial statements of a company usually includes:

Balance sheet – showing assets, liabilities and equity.
Income statement – reflecting revenue, expenses and profits.
Cash flow statement – tracking cash flow and liquidity.
Notes to financial statements – explaining accounting policies and adjustments.

Each component plays an extremely important role, indispensable to create a complete financial report. If done correctly and sufficiently, this will be considered the most comprehensive picture of the financial situation of the enterprise.

3. Aligning Financial Reporting with International Standards

Because many Overseas-invested companies operate internationally and across borders, it can be seen that standardizing financial reports according to standards such as IFRS is very necessary and not an easy task for many enterprises. In Vietnam, the accounting system mainly follows Vietnamese Accounting Standards (VAS), however, enterprises may need to perform dual reporting to simultaneously meet domestic requirements and satisfy obligations to foreign parent companies. This will certainly help reports to always be transparent, consistent and support cross-border transactions more conveniently and easily.

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4. Common Challenges in Preparing Detailed Reports

Businesses always face many difficulties and challenges when making reports, specifically:

Difficulties in consolidating reports of many subsidiaries.
Errors in classifying expenses and revenues.
Errors in converting foreign currencies.
Pressure in submitting financial reports and tax obligations.
Limited human resources with knowledge of both VAS and IFRS.

If not handled promptly, these issues can lead to administrative fines, loss of reputation and impact on long-term financial strategies.

5. Practical Steps to Ensure Accuracy and Compliance

To ensure accurate and compliant financial reporting, Overseas-invested companies can apply:

5.1 Data Collection & Standardization

The first and most important thing is to collect accounting data from various sources: internal ERP systems, branches, subsidiaries or reports from departments (sales, purchasing, production, etc.). Enterprises need to compare, eliminate errors and ensure that all data is recorded on time and consistently. At the same time, all data must be standardized according to tax regulations and Vietnamese accounting standards (VAS), from document formats, account systems to transaction codes. This is the foundation to help avoid errors when preparing financial statements or when performing consolidation later.

5.2 Financial Statement Preparation

Once the data has been standardized, the next step is to prepare a complete set of financial report:

Balance Sheet: reflects all assets, liabilities and equity.
Income Statement: summarizes revenue, expenses and profits.
Cash Flow Statement: tracks cash inflows and outflows to assess liquidity.
Notes to the Accounts: explains accounting policies, calculation methods and important adjustments.

For Foreign Direct Investment companies, in addition to VAS, the enterprise also needs to prepare a reconciliation report to meet IFRS or US GAAP if required by the parent corporation. This requires in-depth data analysis and processing skills to ensure compatibility between the two accounting systems.

5.3 Compliance Review & Adjustments

Before finalizing the report, the enterprise needs to conduct a tax and legal compliance check:

Check with the Investment Certificate and the terms of capital contribution.
Ensure compliance with statutory audit requirements and current Vietnamese accounting laws.
Check and adjust items that may generate tax risks, such as transfer pricing, exchange rate differences, or deductible expenses.

This review helps the enterprise minimize the risk of being subject to additional collection or administrative fines, while strengthening its reputation with management agencies and investors.

5.4 Consolidation & Reporting

For multinational corporations, the final step is to prepare a consolidation package to send to the parent company or regional headquarters. This includes:

Group-level consolidation: consolidating data from multiple subsidiaries, branches, or investment projects in Vietnam.
Preparing bilingual reports (Vietnamese – English) to satisfy both domestic authorities and the needs of the parent corporation and international investors.

This process requires high accuracy to avoid errors during consolidation, while also complying with strict reporting deadlines for both Vietnam and the parent company.

To ensure that your financial statements fully comply with Vietnamese accounting standards (VAS) and IFRS, enterprises should cooperate with reputable accounting and auditing service providers such as full-service accounting from Vina TPT for inspection and consultation. Professional service providers in Vietnam often have a team of tax and accounting experts with over 10 years of experience, ready to support from the data preparation stage, compliance review to report consolidation, helping businesses minimize risks and save time.

6. How Vina TPT Bookkeeping Supports FDI Companies in Streamlining Financial Reporting

With a team of experienced experts in supporting Foreign Direct Investment Companies in Vietnam, Vina TPT has services such as Preparation Financial Statement – Consolidated Report, helping businesses build detailed, accurate and transparent financial statements. Vina TPT supports businesses with needs for:

Preparing financial report according to VAS and IFRS standards.
Consolidating reports, processing foreign currency items.
Checking compliance before tax settlement.
Applying digital solutions to optimize the process.

Vina TPT’s services are diverse, accurate and transparent, so customers can rest assured to use them. Thanks to that, enterprises can focus on growth, while still ensuring that the reporting system meets international standards.

Ready to simplify your financial reporting? Contact Vina TPT today and ensure your financial statements meet both VAS and IFRS.

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