Have you ever faced problems when hiring an organization or individual who was not qualified to provide tax accounting consulting for your business? To avoid such situations from happening again, you should choose a more professional consulting service. With 17 years of experience and a team of staff with over 25 years of expertise in the field, KMC can provide consulting and support on tax accounting matters quickly, safely, and effectively.
What Tax and Accounting Challenges Are FDI Enterprises Facing?
FDI enterprises (foreign-invested companies) in Vietnam often encounter significant difficulties in the field of accounting and taxation, as legal regulations and accounting standards in Vietnam differ from those in their home countries.
In addition, if your internal accounting team is not familiar with local regulations, they may struggle with the pressure of submitting reports accurately and on time. Therefore, you need a professional solution to help your business effectively overcome these challenges.
KMC’s Comprehensive Tax Accounting Consulting Solutions for FDI Enterprises
With a team of experienced experts knowledgeable in both Vietnamese law and international standards, KMC provides all the tax accounting services you need to run your business smoothly. Below are the specific services:
Tax Consulting Services
Tax Filing
We assist you in preparing complete documents and submitting tax reports on VAT, CIT, PIT (especially for foreign employees), and other taxes such as contractor tax, on time.
VAT Refunds
KMC supports enterprises in carrying out VAT refund procedures quickly and in compliance with regulations, helping optimize cash flow.
Tax Audit Support
Our team also accompanies your business during tax inspections and audits to ensure everything goes smoothly and risks are minimized.
Tax Review and Compliance Assurance
We help review your entire tax records to detect and correct errors promptly, ensuring full compliance with legal regulations.
Double Taxation Agreement (DTA) Application Support
KMC’s tax consulting service also advises you on applying bilateral tax treaties to optimize your company’s tax obligations.
Tax Due Diligence
By evaluating business transactions and activities, KMC can identify potential tax risks and propose appropriate solutions.
Tax Compliance Training
We provide specialized training programs to help your internal team fully understand tax regulations and apply them effectively.
Corporate Accounting Services
Initial Accounting and Tax Registration
If you are a startup without time to handle these matters, KMC supports you in registering the accounting system, tax, e-invoices, and related procedures.
Accounting System Setup
Our team helps you build an accounting system tailored to your company’s size and characteristics to ensure transparency and easy management.
Monthly Bookkeeping
If you lack experienced staff and experts, KMC’s team will accurately record and manage your accounting books. Moreover, we continuously update them to reflect your company’s financial situation.
Monthly Financial Statement Preparation and Review
This service includes preparing periodic financial statements in accordance with VAS, helping you understand your business performance.
Financial Statement Review
Before submission or publication, we conduct a final thorough review to ensure your financial statements are accurate and reliable.
Consolidated Financial Statement Preparation
KMC supports the preparation of consolidated financial statements for companies with subsidiaries or branches.
Conversion of VAS to IFRS
Our team also assists in converting financial statements from Vietnamese Accounting Standards (VAS) to International Financial Reporting Standards (IFRS) to meet investor or parent company requirements.
Chief Accountant Service
We provide outsourced chief accountants to save costs while ensuring high-quality performance.
Annual Statutory Audit Support
Beyond preparing documents, KMC also coordinates with auditors to complete annual statutory financial audits in compliance with regulations.
Preparation and Submission of Statutory Statistical Reports
We support the preparation and submission of statistical reports related to FDI and other legal requirements as part of our comprehensive solution.
Short-Term Accounting Support
If your business urgently needs staff for projects or special periods, KMC can provide temporary accounting personnel.
Internal Control System Setup
We help establish robust internal control processes to reduce risks and improve financial management efficiency.
KMC’s Tax and Accounting Advisory Process for Enterprises
Receiving and assessing business needs
Once a client reaches out to KMC, our team will communicate directly with you via email, phone, or in-person meetings to understand your business scale, industry specifics, and financial and accounting requirements.
Reviewing and analyzing accounting records
Based on the information provided, KMC experts will review your company’s existing accounting system, examine invoices, vouchers, ledgers, and financial statements (if available) to assess the current situation.
Consulting and designing tax and accounting solutions
From the analysis results, KMC will recommend the most suitable solutions. Especially for FDI enterprises, we focus not only on compliance with Vietnamese Accounting Standards (VAS) but also on international reporting requirements such as IFRS.
Executing tax and accounting operations
With a clear plan in place, our team will carry out the necessary tasks to ensure that all accounting and tax-related work is completed on schedule and in full compliance with regulations.
Reporting and strategic advisory
After completing the accounting and tax tasks, KMC will provide your business with detailed reports, explain the figures clearly, and offer strategic advice to enhance financial efficiency. Naturally, any questions you may have will be thoroughly addressed.
Record storage and data security
All accounting records are securely stored using advanced software, ensuring absolute confidentiality. This way, your business can be confident that its financial information is both protected and easily accessible when needed.
Why Should Clients Choose KMC’s Tax and Accounting Advisory Services for FDI Enterprises?
Specialized expertise tailored for FDI enterprises
KMC has a team of experts with over 25 years of experience in tax and accounting, with in-depth knowledge of the unique requirements of FDI enterprises. For example, we not only master Vietnamese Accounting Standards (VAS) but are also proficient in converting financial statements into International Financial Reporting Standards (IFRS). This enables FDI enterprises to comply with local regulations while meeting the reporting requirements of their parent companies abroad.
Customized and flexible solutions
Every FDI enterprise has its own distinct characteristics—from size, industry, to business objectives. KMC understands this and provides tailor-made tax and accounting solutions that are designed to fit each client’s specific needs.
Compliance and risk mitigation
Vietnam has a complex legal and tax system that changes frequently. KMC not only ensures that clients stay fully compliant with current laws and regulations but also keeps them up to date with the latest changes. This helps enterprises avoid legal risks and unnecessary penalties.
Cost and time efficiency
Building an in-house accounting department can be costly and time-consuming, especially for newly established FDI enterprises entering the Vietnamese market. To save both time and expenses, you can rely on KMC’s comprehensive tax and accounting advisory services. With our outsourced Chief Accountant service, you can focus on your core business activities without worrying about complex financial procedures.
Commitment to confidentiality and advanced technology
We understand that financial information is highly sensitive. That’s why KMC is committed to ensuring absolute confidentiality for all client data. In addition, our team applies modern technology—from advanced accounting software to online tax filing processes—ensuring that tasks are handled quickly, accurately, and securely.
Comprehensive A-to-Z support
Beyond tax and accounting, KMC also provides corporate consulting, HR, and payroll management services. This means you can choose a full package of services for streamlined operations.
Founded in 2008, KMC has been supporting FDI enterprises—especially Japanese-invested companies—in Vietnam with professional tax and accounting advisory services. If you would like to become our next client, please contact us today at +84814894789 or +84919889331.
