In today’s Enterprise environment, where tax regulations are becoming increasingly complex and change rapidly, Enterprise tax consulting services have become a crucial factor in helping Enterprises manage and optimize their tax obligations. Keeping up with tax regulations helps Enterprises avoid financial risks while protecting their reputation and interests. Let’s explore optimal tax consulting solutions for your Enterprise with KMC Consulting Co., Ltd. in the article below.

The Importance of Tax Consulting Services for FDI

Taxes are a mandatory financial obligation that Enterprises must pay to the Government to law. However, with the continuous changes in tax policies, effective tax management has become a challenge for many Enterprises. Tax consulting services have emerged, playing a crucial role in helping companies accurately identify the taxes they need to pay, the specific tax rates, and the deadlines for timely tax payments.

Tax consulting services also help Enterprises stay updated on and apply new tax policies, find optimal solutions to address tax issues, and prevent legal risks. As a result, Enterprises can focus on other aspects of their operations, improving efficiency and achieving sustainable growth.

Kind of taxes that Enterprises need to pay

Business license tax

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License Fee

When starting production and Business activities, Enterprises must fulfill their tax obligations, with the Business license tax being one of the basic and mandatory taxes to be paid annually. This is a tax that every Enterprise must declare and pay on time to ensure compliance with legal regulations. For individuals or households conducting business, the Enterprise license tax will be based on the annual revenue. This tax is clearly regulated in Decree 139/2016/ND-CP, as amended and supplemented by Decree 22/2020/ND-CP.

Corporate Income Tax

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Thuế thu nhập doanh nghiệp

Corporate income tax (CIT) is one of the important taxes that Enterprises must pay. This tax is calculated based on the results of the Enterprise’s production and trading activities during a tax period.

Tax base for corporate income tax:

  • Taxable income: This is the income subject to tax after subtracting income that is exempt from tax and losses carried forward from previous years.
  • Taxable revenue: This is the total revenue of the Enterprise minus reasonable expenses related to production and Enterprise activities. Additionally, income from sources outside of Vietnam is also included in taxable income.

Value-Added Tax (VAT)

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Value-Added Tax (VAT)

Value-Added Tax (VAT) is one of the important taxes that each Enterprise must pay when participating in the production, circulation, and consumption of goods. This tax is calculated based on the difference in the value of the product at various stages in the supply chain. A clear understanding of VAT will help Enterprises comply with legal regulations and avoid unnecessary legal risks. This tax is calculated based on the difference in the value of the product at different stages in the supply chain.

Personal Income Tax (PIT)

Thuế thu nhập cá nhân

Thuế thu nhập cá nhân

Personal Income Tax (PIT) is a type of tax that Enterprises must pay on behalf of their employees. This tax directly affects the income of employees and is calculated monthly, quarterly, and settled at the end of the year. Calculating and paying PIT is an essential part of Enterprise operations. To ensure full compliance with legal regulations, Enterprises should seek corporate tax advisory services from experts to assist with tax declaration, settlement, and to avoid unnecessary legal risks.

Professional and Trusted Tax Advisory Services at KMC

In the context of an increasingly developing economy, tax regulations for Enterprises are constantly changing and being adjusted every year to meet the country’s development needs. However, these frequent changes are not always easy for Enterprises to keep up with and apply the correct tax regulations. Without timely and accurate advice, Enterprises may face serious risks during tax audits, such as:

  • Late submission of tax finalization declarations or tax payments.
  • Failure to comply with corporate income tax prepayment regulations.
  • Incorrect application of preferential tax rates.
  • Incorrect determination of deductible expenses, particularly high-risk expenses such as transactions with related parties or interest expenses.
  • Failure to update changes in periodic tax regulations, which complicates the development of a sound tax plan.
Dịch vụ tư vấn thuế doanh nghiệp

KMC – Reputable Corporate Tax Consulting Firm

Given these challenges, corporate tax advisory services have become a crucial factor in helping Enterprises ensure compliance with legal regulations and optimize their tax costs. At KMC, with a team of experienced and specialized tax consultants, we are committed to providing comprehensive and effective solutions, helping Enterprises minimize risks while building a solid tax strategy.

KMC is a leading provider of accounting, Business tax consulting services for foreign-invested companies in Vietnam. Contact KMC today to receive professional and reliable business consulting services !