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Vietnam provides a conducive environment for international investors for doing business. However, the government requires all businesses to comply with financial requirements, including reports, and stay updated on any changes in the law, which do happen more than you might expect. A financial statement is the most crucial component of a financial report, and it … Continued
Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. … Continued
Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the … Continued
If you are a U.S. citizen or a U.S. permanent resident, under the taxation law of the United States, it is compulsory for you to file your tax returns in the United States every year, even if you have been residing and paying taxes in Vietnam. In this case, you will have to be extra … Continued
Partnering with or outsourcing to tax professionals and letting them handle tax functions can help you stay compliant with Vietnam tax laws, as well as keeping your business focused on what it does best. As your business is getting bigger, you need to pay attention to tax outsourcing that will allow you to have more … Continued
Vietnam provides companies with numerous opportunities in the manufacturing sector because of the mix of a large workforce and low workforce costs. However, organisations that are new to Vietnam’s booming market often overlook the necessity of having an appropriate agreement when doing business in Vietnam. Read About Cekindo’s Corporate Compliance Services in Vietnam For an … Continued
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