Answer all your questions

=> According to current legal regulations, businesses are required to maintain accounting books, even if no revenue or expenses have been incurred.

=> The deadline for submitting annual financial statements is 30 days for private enterprises and partnership companies, and 90 days for other types of businesses.

=> Newly established businesses must issue electronic invoices from the start of their operations, except in cases where the tax authorities allow the temporary use of paper invoices.

=> The following are some businesses required to undergo an audit:

• State-owned enterprises and enterprises with foreign investment;
• Credit institutions, banks, insurance companies, and public companies;
• And certain entities with specific requirements under the law.

=> Please contact us to receive detailed fees tailored to this service.

=> Before an audit, a business needs to prepare the following documents:

• Financial statements and accounting records of the business.
• Contracts, invoices, vouchers, and other related documents.

=> Depending on the business type, a newly established enterprise needs to declare the following types of taxes:

• Business license tax
• Value-added tax (VAT)
• Corporate income tax (CIT)
• Personal income tax (PIT)

Please contact us for detailed support and advice tailored to your business sector.

=> The deadline for a business to pay the business license tax is no later than January 30 each year, or within 30 days from the date of issuance of the business registration certificate.

=> A business can be fined for taxes in cases of incorrect declaration, late payment, tax evasion, or improper storage of documents according to regulations.

=> Please contact us to receive detailed fees for this service.

=> The following are some documents you need to prepare before establishing a business:

• Application for business registration
• Company charter
• List of members/shareholders
• Valid copies of identification documents of the members/shareholders

Please contact us for detailed consultation and support tailored to each type of business.

=> The time to establish a business is approximately 3–5 working days from the date the documents are complete and valid.

=> Foreign investors can contribute capital to a Vietnamese company through forms such as purchasing shares, contributing capital to a limited liability company, or a partnership. However, they must comply with the conditions and regulations of Vietnamese law.

=> When a business changes its capital, it must notify, update, and register the change with the Department of Planning and Investment.

Please contact us for detailed consultation and support in registering changes to the company’s charter capital.

=> According to the law, when a business transfers its capital contribution, individuals receiving income from the transfer must pay personal income tax of 20% on the profit.

Please contact us for more detailed consultation and support.