FDI corporate tax accounting

Types of FDI enterprises:

  • Foreign Contractor Representative OfficeBranch (limited to foreign banks, tobacco & legal firms)
  • Business Co-operation Contract (“BCC”)
  • Company: 100% subsidiary, joint venture
  • BOT, BTO, BT (infrastructure, energy, utilities, etc.) with governmental agencies)

Characteristics of FDI enterprises:

  • Foreign-invested companies operating in Vietnam must comply with Vietnamese laws
  • Accounting according to the Vietnamese accounting system, under the direct management of the Provincial Tax Department (Economic Department 3 – Tax Department of Thanh Hoa province)
  • Financial statements are required to be audited before they are released.
  • Statistical reports must be prepared as required
  • The system of bank accounts is 3 times higher than that of Vietnamese enterprises, banking transactions with high frequency.

Foreign staff:

  • Must apply for a work permit at the Department of Labor, Invalids and Social Affairs, Visa, or temporary residence card
  • Tax registration, PIT calculation and payment
  • Declare participation in insurance will register a separate unit code and when paying the insurance money also pay the unit code separately for foreigners

Import and Export:

  • Importing machinery and equipment from parent company or company in the same group
  • Import raw materials from abroad
  • Exporting products to foreign countries Tax incentives
  • VAT rate 0%
  • CIT: Indefinite tax exemption, definite tax exemption, definite tax reduction, preferential tax rate….

Benefits from using Vision’s accounting and tax services:

– Accountant with 20 years of accumulated experience, working with FDI enterprises for over 10 years:

  • Korean contractor: comprehensive development project of Thanh Hoa city.
  • Singapore contractor: Nghi Son Refinery and Petrochemical Project.
  • Taiwan capital export garment company.
  • Garment processing and exporting company with Korean capital.
  • Declaration, settlement, tax refund for experts: Belgium, Singapore, Japan, Korea … working in Thanh Hoa.

– Professional, accurate, cost-effective, confidential service.

– Working on behalf of businesses with tax and customs authorities in Thanh Hoa.

– Knowledge of policies and laws, practical experience, good diplomatic ability.

– Service costs are issued VAT invoices, are tax deductible, enterprises are accounted into expenses.

– The records are tight, in compliance with tax laws and accounting regimes, there is no risk when inspected by the authorities.

Contact us immediately to use the best regular consulting service.

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VISION TAX AGENT AGENT JOINT STOCK COMPANY

Address: 6th Floor – VCCI Building – 91 Nguyen Chi Thanh – Dong Tho Ward – Thanh Hoa City

Hotline: 096.6868.536 hoặc 096.5858.236

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