Every year businesses have to submit tax reports to the state. Tax reports will be divided into monthly, quarterly and yearly reports corresponding to different taxes. Regulations on tax reporting are extremely complicated that not all business accountants can understand.
To help businesses avoid tax legal risks, feel secure during their operations, and save time and effort for clients, Siglaw would like to provide Consultation on tax reporting.
What is a tax report?
During the operation of the business, tax reporting is very important. It is one of the leading accounting operations, occurring regularly and periodically for businesses.
It can be said that a tax report is an important document and record that helps tax authorities to understand how a business is currently operating.
What is tax reporting?
Tax report is considered as a management tool of tax authorities to capture business performance. Therefore, it is necessary to clearly understand the legal provisions on tax reporting such as: tax reporting procedures, tax report submission schedule, or the work to be done to complete the tax report, etc.
Making tax reports is a mandatory procedure when businesses conduct business registration activities. At that time, the responsibility for declaration belongs to the enterprise with the state agency. Enterprises make their own reports, declare and take responsibility for the data they have declared.
There are two forms of tax reporting that are written reports and electronic reports. Currently, electronic notification forms are widely used because of many advantages that this form brings such as saving cost, effort and time.
What does the tax report include?
Tax reporting is complex. It includes many different professions and papers. In particular, the implementer also needs to prepare full information and reports. Ensure fulfillment of obligations towards tax authorities.
The tax report includes the following components:
Monthly/quarterly value-added tax return
No later than the 30th day of the following month for quarterly reports, 20 days for monthly reports, enterprises need to submit Value Added tax reports. The submission of reports by the monthly or quarterly deadline is selected by the enterprise and registered with the management agency. Registration will be done at the beginning of the financial year.
For large businesses, the best option is to file monthly reports. Make sure the work is not piled up, but done continuously and smoothly. In Vietnam, most small and medium enterprises choose to submit quarterly reports.
Report monthly/quarterly use of invoices
The deadline for this type of report is similar to a value-added tax return. During the period, if there is no use of invoices, enterprises still need to make this report. But if the business has not made the announcement of invoice issuance, this declaration can be ignored.
Monthly/quarterly personal income tax return
Depending on the business situation, the monthly/quarterly personal income tax declaration will be fully implemented. Details are determined according to the information below.
If the business is declaring value added tax quarterly, the personal income tax return is automatically filed quarterly.
In case the business declares value-added tax on a monthly basis, pay attention to the amount of temporarily paid personal income tax. From there, determine whether to file tax returns monthly or quarterly. If the amount of tax temporarily paid per month is more than VND 50 million, choose to declare by month. If the temporarily paid tax is less than 50 million/month, enterprises can choose to declare quarterly.
Consultation on tax reporting 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 Siglaw's Tax Reporting Service, clients will receive most enthusiastic support as follows:
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Provide consultation on tax law issues related to production and business activities of enterprises.
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Provide consultation on legal issues and regulations on reporting of current taxes.
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Provide consultation on making a VAT and PIT report, report on the use of invoices, temporarily calculate CIT.
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Provide consultation on submiting a report to the tax authority as required.
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Guide and provide consultation on the organization of accounting work for enterprises, to open accounting books and documents for enterprises in accordance with law.
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Provide consultation on preparing all kinds of reports, settlements and declarations.
To avoid tax legal risks and even penalties, businesses should use Consultation on tax report to report to state agencies accurately and timely. The peculiarity of the accounting industry is that the work needs absolute meticulousness and care, a small mistake can also greatly affect the assets and legality of the business. In particular, with tax reports, it is even more impossible to ignore, as long as there is an unreasonable sign, the business will be immediately inspected by the tax authority. Therefore, it is extremely necessary to use consultation on tax report at a reputable establishment.
With the desire that clients can be assured of production and business activities, Siglaw will always strive to fulfill the responsibility that clients place on Siglaw's shoulders with the most enthusiasm, care and enthusiasm. Because, for Siglaw, we bring the values and satisfaction to our clients is our happiness.
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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