Tax finalization is the activity of checking and gathering all the work done by an individual or organization with a certain unit in terms of volume, value, correctness, validity,…that the business must take.
To help businesses with tax finalization needs save time and effort, Siglaw would like to provide consultation on Tax finalization.
What is Tax finalization?
According to specialized accounting language, tax finalization is the determination of accounting data of business units and individuals in a certain period or period. Thus, tax finalization is understood as the inspection, redefining tax-related data of enterprises and individuals with tax authorities directly managing them.
According to current regulations, tax finalization includes finalization of corporate income tax, finalization of personal income tax, finalization of value-added tax, finalization of import tax,…
In which cases is tax finalization done?
Individuals need to finalize tax in the following cases:
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When an individual overpays the tax amount and wishes to have it refunded or cleared in the next tax return period.
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When residents have incomes from salaries and wages, they are allowed to reduce tax in cases of natural disasters, accidents, fires, and fatal diseases as prescribed.
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Foreigners who terminate labor contracts in Vietnam need to make tax finalization before leaving the country.
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When a resident has income from salary or wages, tax finalization shall be made if there is additional tax payable.
Enterprises need to finalize tax in the following cases:
Documents to prepare for tax finalization:
In order for the settlement of the year to go smoothly and with little tax arrears, the corporate accounting department needs to prepare all documents, books and accompanying papers so that when the tax authorities arrive, the documents will be fully prepared. The documents include:
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Monthly VAT return submitted.
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Invoices and vouchers of purchase and sale, together with the submitted declarations.
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All types of tax payment papers.
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Finalization of CIT according to form 03/TNDN.
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Finalization of personal income tax according to form 05/KK.
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Ledger of accounts according to the rising balance sheet.
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Detailed book of related accounts.
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Minutes of debt reconciliation over the years.
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Depreciation table of fixed assets and distribution table of CCDC.
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Detailed book of receivables.
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Detailed book of payables.
Consultation on Tax finalization that Siglaw provides
"Satisfaction of clients is Siglaw's measure of success. With us, every client is a brand ambassador!"
Therefore, Siglaw takes care of each client in the most thoughtful way, when using Consultation on Tax finalization of Siglaw Firm, clients will receive most enthusiastic support as follows:
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Provide consultation and explain legal issues directly related to tax finalization.
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Provide consultation on necessary documents and records related to tax finalization, notarization, legalization of documents (if necessary).
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Provide consultation on preparing the necessary tax finalization documents and submit them to the competent authority.
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Provide consultation on monitoring the progress of processing dossiers, supplement and adjust dossiers if required by competent agencies.
Service quality standards:
At Siglaw, with the slogan "Confidential - Responsible - Professional - Prestigious", we establish "Standards for providing services to customers" and all Siglaw's lawyers and experts always perform at the highest level:
1. High professional quality: Our legal services are always counseled and performed by lawyers and experts with deep professional knowledge and experience to ensure the consulting solutions are always accurate, comply with the law and bring high value to customers.
2. Confidentiality: Ensuring the security of customer information is, in any case, always one of our top priorities.
3. Punctuality: We guarantee to meet the requirements of the work deadlines. Accordingly, the work progress will always be closely followed and promptly informed to customers.
4. Quick response: Any exchange, contact or customer request will be responded to quickly, promptly or within 24 hours at the latest.
5. Integrity: We always maintain integrity in all cases, comply with regulations on professional ethics in all cases.
6. Professionalism: We bring professionalism in the deep legal knowledge of our team of Lawyers and Experts in any profession or field; professionalism in multilingual communication when customers always feel easy to exchange work with us in many different languages (Vietnamese, English, Chinese, Korean); professionalism in attitude and working style with customers.
7. Enthusiasm and friendliness: We are always ready to support our customers to the best of our ability and in any case. We ensure that our clients always feel comfortable and at ease with friendly communication with any Lawyer.
8. Simple and Convenient: We always strive to find ways to provide our services in a way that makes our customers feel as comfortable and convenient as possible.
9. Value added: In the process of providing services, we always try our best to provide consulting options/suggestions to help customers compare and choose the best and complete solution.
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