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Tax and Corporate Services | Corporate Income Tax in Vietnam
2019 Year-end Tax ComplianceDid you know?
Common mistakes in CIT and TP documentation
Incorrect assessment of tax incentives
Inappropriate allocation of expenses among related parties
Insufficient supporting documents for expenses
Incorrect declaration of TP disclosure forms and/or TP documentation
Over-claimed deductible expenses
Incorrect claim of tax losses carried forward.
Unclear/incorrect documentation related to cross-border transactions
Late submission of TP disclosure forms and/or TP documentation
Tax and Corporate Services | Corporate Income Tax in Vietnam
Tax authority targets for 2019 might impact your bottom line
Inaccurate documentation puts you at risk for tax non-compliance
11.5%Target rate of increase for tax collection in Vietnam
20% Administrative Interest at 0.03% per day for late payment interest
TPYour related party transactions and documentation may put you at risk for tax audit
Non-compliance of other laws
(labour, commercial, etc.)Causes non-deductibility of your business expenses
Tax and Corporate Services | Corporate Income Tax in Vietnam
How KPMG can help
KPMG Tax and Advisory Limited
Website: kpmg.com.vn Email: [email protected] Email: [email protected]. vn
Our experienced corporate tax and government liaison team can help you identify opportunities to secure tax savings or tax incentives through proper CIT planning; understanding, complying, and managing the new reporting requirements, which will impact your tax filing and documentation obligation.
CIT Compliance Services• CIT preparation outsourcing• CIT declaration review• CIT compliance training• Related Party Transaction report
CIT Advisory Services• CIT incentive review• Marketing & promotional expenses• Inter-company transactions• Deferred tax management• CIT health check• CIT planning
Why KPMG?KPMG is one of the largest professional services firms in Vietnam with substantial experience in numerous sectors, that spans across 25 years of operations.
We have 3 offices in Vietnam: Ho Chi Minh City, Hanoi, and Danang, with 40 partners and over 1,600 staff.
Contact us
Vietnam Tax Firm of the Year International Tax Review, 2014 – 2019
Vietnam Transfer Pricing Firm of the Year International Tax Review, 2017 – 2019
Phone: +84 28 3821 9266
HO CHI MINH CITY
Phone: +84 24 3946 1600
HANOI