Vietnam's accounting and tax system, while improving, remains complex for foreign businesses. Our experienced accounting team ensures your books are accurate, your filings are timely, and your tax position is optimized within the bounds of Vietnamese law.
All enterprises in Vietnam must use the electronic invoice system (e-invoice) for transactions. Tax declarations are typically submitted quarterly, and annual audits are mandatory for foreign-invested companies.
Accounting Services
Bookkeeping
Full-service bookkeeping using Vietnamese Accounting Standards (VAS) with clear, bilingual reporting.
Financial Statements
Monthly, quarterly, and annual financial statements prepared for management and statutory reporting.
VAT & CIT Returns
Accurate preparation and timely filing of Value-Added Tax and Corporate Income Tax returns.
Tax Health Check
Proactive review of your tax position to identify risks and optimization opportunities before authorities do.
Key Tax Types in Vietnam
Value-Added Tax (VAT)
Standard rate of 10% (reduced to 8% for certain goods/services). Monthly or quarterly filings required.
Corporate Income Tax (CIT)
Standard rate of 20%. Preferential rates (10–17%) available for qualifying sectors and zones.
Personal Income Tax (PIT)
Progressive rates of 5–35% for residents. Flat 20% for non-residents on Vietnam-sourced income.
Withholding Tax (WHT)
Applied on payments to foreign entities. Rates vary by type of income (typically 5–10%).
FAQs
Annual financial statements must be submitted to the Department of Planning and Investment within 90 days of the fiscal year end. The standard fiscal year in Vietnam runs from January 1 to December 31, though companies may apply for a different fiscal year end.
Yes, but only expenses that are directly related to business operations, are properly documented with valid invoices, and are not on the list of non-deductible expenses. We ensure your expense management maximizes deductible claims.