TAX SERVICES FOR FOREIGN REPRESENTATIVE OFFICES IN VIETNAM

According to the provisions of Clause 2, Article 16 of the Commercial Law 2005, foreign traders have the right to establish representative offices in Vietnam. However, representative offices are only allowed to carry out trade promotion activities but not directly profitable activities in Vietnam; therefore, the tax liability of a foreign representative office is narrower than that of a corporation. According to Clause 3, Article 17 of the Commercial Law 2005, a representative office has the right to recruit Vietnamese or foreign workers to work in the office and this is also the sole basis for generating tax obligations of the representative office. foreign representation.

Tax finalization is the process of checking and comparing the revenues and expenditures arising in the tax period of a foreign representative office to declare and pay tax. At the same time, the tax finalization process also helps the representative office to have a basis to apply for tax exemption or refund as well as help the tax administration agency for the establishment to collect tax.

In addition, the tax finalization process also helps representative offices have grounds for a tax refund if the paid tax amount is larger than the actual payable tax amount. Tax finalization is a complex process and involves many legal regulations.

For each customer, QPT captures the needs and situation of operational processes, strategies, and goals… from there finding out the flaws and offering solutions that are right for your business, thereby helping you giảm thiểu rủi ro tài chính, tiết kiệm thời gian và chi phí quý báu, tập trung tiềm lực cho phát triển các mảng khác.


QPT tax agent provides tax accounting services for foreign representative offices according to the following contents:

  • Consulting on tax issues related to the operation of foreign representative offices in Vietnam;
  • Consulting on issues related to labor contracts; Work permits, temporary residence cards for foreign employees working at foreign representative offices in Vietnam;
  • Consulting on formulating salary, bonus, welfare, social insurance, and health insurance regimes for employees working at foreign representative offices in Vietnam;
  • Tax declaration and finalization representative for foreign representative offices in Vietnam;
  • Prepare payroll, declare and submit monthly or quarterly PIT withholding declarations;
  • Prepare cash book, check bank account statement with actual expenses of Representative Office;
  • Declare and pay social insurance to representative offices monthly;
  • Declare and submit the annual PIT finalization declaration to the Representative Office;
  • Prepare income confirmation letters and PIT withholding documents for the staff of the Representative Office;
  • Prepare an annual report (year) to the Department of Industry and Trade.

QPT's commitment to you:

  • Confidential information for customers, responsible for information loss;
  • Cost savings compared to other service companies;
  • Complete the work on time as prescribed;
  • Timely provision of necessary data and records for customers;
  • Timely consulting on issues related to the operation process.

If a foreign representative office has difficulties in tax declaration, please contact the QPT tax agent for support Tax accounting services for foreign representative offices fast, timely, most accurate!


Q.P.T TAX AGENT CO., LTD
Mr. Quang: 0938 753 116 – Ms. Lý: 0938 976 214
Email: qpt.taxagent@qpt.com.vn – Web: http://www.qpt.com.vn

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