Vietnam Accounting & Tax Services
Stay compliant with Vietnamese tax and accounting regulations. Our team handles bookkeeping, tax filing, financial reporting, and audit support — so you can focus on running your business.
Our Services
Bookkeeping
Monthly bookkeeping in compliance with Vietnamese Accounting Standards (VAS). Accurate financial records maintained in Vietnamese and English.
Tax Filing
Monthly, quarterly, and annual tax returns including CIT, VAT, PIT, and FCT. On-time filing to avoid penalties.
Financial Reporting
Annual financial statements, management reports, and statutory filings required by Vietnamese law.
Audit Support
Preparation for statutory audits and support during the audit process. Liaison with appointed auditors.
Payroll Services
Complete payroll processing including social insurance, health insurance, and unemployment insurance contributions.
Tax Advisory
Strategic tax planning, transfer pricing documentation, and advisory on tax-efficient structures for foreign investors.
Vietnam Tax Overview
| Tax Type | Rate | Notes |
|---|---|---|
| Corporate Income Tax (CIT) | 20% | Standard rate; preferential rates (10-17%) available for certain industries and zones |
| Value Added Tax (VAT) | 10% | Standard rate; 5% for essential goods; 0% for exports |
| Personal Income Tax (PIT) | 5% - 35% | Progressive rates for residents; flat 20% for non-residents |
| Foreign Contractor Tax (FCT) | Varies | Applies to foreign entities without a permanent establishment |
| Social Insurance | ~32% | Employer ~23.5%, Employee ~10.5% of gross salary |
Who Needs These Services?
Foreign-Owned Companies
LLCs and joint ventures with foreign investment must maintain VAS-compliant books and undergo annual statutory audit.
Representative Offices
Must maintain expense records and file quarterly and annual reports with the tax authority.
Branch Offices
Branches of foreign companies are subject to the same accounting and tax obligations as local entities.
Individual Contractors
Foreign individuals earning income in Vietnam must file PIT and may need to register for tax.
Frequently Asked Questions
Is an annual audit mandatory for foreign-owned companies in Vietnam?▾
Yes, all foreign-invested enterprises (FIEs) in Vietnam are required to have their annual financial statements audited by an independent auditing firm licensed in Vietnam.
What is the fiscal year in Vietnam?▾
The standard fiscal year in Vietnam is January 1 to December 31. Companies may apply for a different fiscal year with approval from the tax authority, but it must be a consecutive 12-month period.
What accounting standards does Vietnam use?▾
Vietnam uses Vietnamese Accounting Standards (VAS), which are based on but not identical to International Financial Reporting Standards (IFRS). Vietnam is gradually converging toward IFRS.
What are the penalties for late tax filing in Vietnam?▾
Late filing penalties range from VND 2-5 million per tax return. Late payment incurs interest at 0.03% per day on the outstanding amount. Serious violations may result in additional fines.
Can I use English for my accounting records?▾
Vietnamese law requires accounting records to be maintained in Vietnamese. However, companies may maintain parallel records in English for management purposes. Financial statements must be in Vietnamese.
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