With a team of local tax specialists, we at TCF Vietnam aim to provide our customers with the necessary knowledge and insight into Vietnam’s market. Along with the respective advisory services, our tax specialists also take care of all your taxation needs through our integrated Tax Services program. This includes services like- increasing net asset value, undertake transfer pricing, minimize tax liabilities, implement tax computer systems and provide advice regarding the financial implications of various business decisions. Further, we also provide compliance services- assisting our clients in the preparation of corporate and individual tax returns, tax audit defense and tax risk management.
We provide the following tax services:
Tax Planning and Consulting- To reduce the tax exposure of companies and give advice about the same, it is very important to understand the tax laws of the country, especially Double Tax Agreements. Our team of highly qualified Tax Experts is well versed in these laws and uses this knowledge to provide the best advice to our clients.
We offer a range of taxation services in the following areas:
- Taxation services
- Tax planning and consulting
- Cross-border transactions
- Tax compliance
- Structured Tax
- Tax due diligence
- Business support services
Taxation Services- With a good understanding of the Vietnam tax laws, we can make sure that the transnational risks of our clients are identified and reduced. We also make sure that all their operations are in compliance with International and Local Tax Regulations. We also provide the following services in regards to cross-border transactions:
- Withholding tax
- Value-added tax
- Transfer pricing
- Advanced Pricing Arrangement (APA)
- Double Taxation Agreements
We also specialize in providing assistance on tax compliance issues, such as:
- Corporate tax returns
- Monthly VAT (value added tax) and withholding tax returns
- Personal income tax for expatriates
- Special business tax
- Stamp duty
To add to these, we also provide our clients with the preparation of tax registration and application procedures and claims. We can also assist our clients with domestic tax matters and legislation such as drafting objections, appeals, and request for tax rulings.
Indirect Taxes- Any business investing, or setting up shop in Vietnam is subjected to indirect taxes. These taxes differ from country to country, hence giving Vietnam its own set of laws. This creates new Regulatory Challenges for businesses. We provide the following services to manage Indirect Taxes:
- Information on rules, rates, and jurisprudence
- Indirect tax strategies that manage the impact of these taxes on the company’s financials, risk portfolio, and organization.
- Setting up, automating and digitizing indirect tax compliance processes.
- Support with indirect tax inspections and litigation.
- Monitoring of policy developments.
Transfer Pricing- All inter company pricing arrangements, with regards to transactions between related business entities, fall under Transfer Pricing. These can include the transfer of Intellectual Property, Tangible Goods, Services, Loans and other financial transactions. Due to the rapid rise of multinational trade, the interest in Transfer Pricing Agreements has seen a sudden rise. Needless to say, without professional services taking care of these agreements for a business, these can be viewed as tricky waters for any and all businesses.
We at TCF Vietnam keep these laws under intense scrutiny so that we can serve our clients with reliable information and help them navigate through this tricky section of doing business.