What is Value Added Tax (VAT)?

Value Added Tax (VAT) is an indirect tax imposed on the added value of goods and services at each stage of production and distribution. Ultimately, VAT is incurred at the final stage of consumption, where the consumer bears the tax burden.

Who are the Taxpayers?

Taxpayers for VAT include:

  • Organizations and Individuals: Businesses engaged in producing or trading goods and services subject to VAT.
  • Importers: Organizations and individuals involved in importing goods that are subject to VAT.

In Vietnam, the regulations governing VAT are increasingly complex, requiring precise compliance from businesses. To assist companies in navigating these complexities, KMC offers comprehensive VAT reporting support services.

Our VAT Reporting Support Services Include:

  • Consultation on Necessary Documentation for Monthly/Quarterly VAT Reports: We guide you through the preparation and submission of VAT reports, ensuring compliance with current legal requirements. Our team helps identify taxes owed and complete the necessary procedures.
  • Review and Verification of Documents: We conduct thorough reviews and verifications of the VAT-related documents provided by your company. This process helps identify and correct potential errors, minimizing tax risks.
  • Preparation and Submission of VAT Reports: We prepare VAT reports on a monthly and quarterly basis and send them to your company for review and approval before submission to tax authorities.
  • Addressing Company Inquiries Related to Reporting: Our team stays updated on changes in tax policies and is available to answer any questions you may have regarding VAT regulations and reporting. This ensures that your business remains informed about significant changes and can adjust operations accordingly
  • Guidance on VAT Filing and Payment Procedures: We provide instructions on how to properly file VAT returns and make tax payments, ensuring compliance with legal requirements.
  • Guidance on Online Tax Declaration (Including Token and Account Setup) We guide you through the process of declaring taxes online, including setting up necessary tokens and accounts for secure and efficient transactions.

Why Choose KMC?

At KMC, our expertise in VAT reporting helps businesses navigate the complexities of tax regulations efficiently. Our dedicated team ensures accurate and timely VAT reporting, allowing your company to focus on its core operations while maintaining compliance with tax laws.

For professional support with VAT reporting and compliance, contact KMC today. Let us help you manage your VAT obligations effectively and ensure your business operates smoothly within the regulatory framework.

Other Services

Accounting Advisory

KMC provide professional initial accounting and tax registration services, you shall not bother about issues related to tax and accounting after post license. Our team with high expertise and many years experiences will support and accompany you.

Tax Advisory

Our tax services rely on our local knowledge to ensure tax compliance, tax administration and dealing with tax authorities. We assist you by taking into account the latest regulations thus ensuring full tax compliance and optimization.

Business Advisory

KMC believes in an approach to our client, as we familiarize ourselves with all aspects of your business and the environment in which you operate, it enables us to propose you the most appropriate plan at a competitive service fee.

Mergers and Acquisitions (M&A) Advisory

Our global network in combination with our deep industry knowledge means that we can help companies identify other businesses that offer a good strategic fit and assist them with acquisitions, mergers and alliances that allow them to maintain and build their competitive advantage.

Transfer Pricing Advisory

Transfer pricing refers to the rules and methods for pricing transactions between related entities, typically within multinational companies. Currently, regulations on compliance of transfer pricing are very complexly and strictly.

Annual Consulting Services

KMC has the expertise with experienced resources, including lawyers, auditors, accountants who have many years of experiences working in the investment, accounting, taxation and labour consulting fields.

Other Services

Besides Accounting, Taxation, Business Services, etc. KMC also has efforts to provide other services to Clients related to business activities of the enterprises in Vietnam.