Limitless customization options & Elementor compatibility let anyone create a beautiful website with Valiance.
Operating in a host country requires strict statutory compliance, including timely filings and tax return submissions. A Compliance Calendar outlines statutory reporting deadlines, enabling companies to schedule tax filings and submissions efficiently for the fiscal year 2026. Download PDF file
An invoice (sometimes called a VAT or “Red Invoice”) is key for accounting and tax reporting in Vietnam. Using e-invoices makes storage easier by allowing digital files instead of paper copies. With effective from 1 July 2022, all Vietnam-based enterprises are require to use electronic VAT invoice in daily operation. Paper invoice is no longer […]
Full compliance with regulations in host countries can reduce bureaucratic processes and penalties, demonstrate a commitment to development, and help establish a positive workplace for employees. One notable point of ongoing compliance when doing business in Vietnam is contributing Social Insurance (SHUI) on monthly basis once the employment is officially engaged via employment contract. Compulsory […]
As society moves towards a cashless environment, demand for bank accounts is rising. Account opening requirements and documents differ for individuals and organizations. Recent regulations enhance greater responsibility for financial institutions and clarify application procedures for opening transactional accounts for both individuals and organizations. CHECKLIST OF REQUIRED DOCUMENTS TO OPEN NEW BANK ACCOUNTS Type of […]
Pursuant to Article 76, 77, 78, 81, Circular 80/2021/TT-BTC dated 29 Sep 2021 guiding relating Tax Administration, Ministry of Finance (MOF) promulgate the procedure for foreign/overseas vendors/suppliers to register tax declaration in Vietnam. Moving forwards, overseas vendors can directly declare tax, calculate tax obligation; and settle tax liabilities to Vietnam State Budget. Upon registering successfully, […]
Pursuant to Article 73, 75, 76, Circular 80/2021/TT-BTC dated 29 Sep 2021 guiding relating Tax Administration, Ministry of Finance (MOF) promulgate the procedure for foreign/overseas vendors/suppliers to register tax declaration in Vietnam. Certain conditions of foreign vendors (who register tax declaration on the Web Portal of Vietnam Tax Department) Do not have permanent establishment in […]
Input the presence in Vietnam market by either establishing a company or other investment vehicles is an important step for many foreign investors, and hopefully the beginning of a successful business undertaking. Considering the context of Vietnam’s economic development, the ever-increasing growth of enterprises continues to demand capital to serve their business. Funding through foreign […]
Positive news from Vietnam Government pertaining to VAT rate that VAT rate 8% is continued to apply for goods & services for the period from 1 Jan 2025 to 30 Jun 2025. 8% VAT is applied for all goods and services, EXCEPT: Telecommunications Finance, banking, insurance and securities related service Real estate business Prefabricated metal […]
Doing business in host country involves with statutory compliance, where the enterprise is required to fully comply with periodical filings and submitting tax returns. Compliance Calendar is designed and aims to provide deadline of statutory report. Based on set schedule, the company can arrange for tax filings and submission on time in year 2025. Download […]
[Update | Being effective from 1 July 2024] Compulsory Social Insurance Contribution Once the employment is engaged, both employer and employee are required to contribute Social Insurance (SI), Health Insurance (HI) and Unemployment Insurance (UI) on monthly basis. The Company registers SHUI unit code for SHUI contribution Foreign labor is required to contribute SHUI under […]