Optimizing your tax position by complying with fast-changing tax provisions and in rigorous enforcement by the Tax Department, especially with constraint of experienced staff, is a challenge for enterprises.
We, Grant Thornton Vietnam, have designed services to assist enterprises in complying with the tax law with potential outcomes as follows:
- Ensure compliance with tax regulations even when they change frequently;
- Enhance the Company’s tax benefits; and
- Create a good image towards the Tax Authority and other relevant Authorities with regard to the Company’s tax compliance profile.
Approaches and services:
Your business: Effective & effcient setup system of tax compliance to meet with the compliance requirements
Service 1: Initial registration and setting up
Grant Thornton’s solutions:
- Initial tax information registration and notification;
- Tax briefing on main types of taxes and Guidance on documentation for tax filing.
Timeline: less than 4 weeks.
Deliverable:
- Tax registration and notification;
- Recommendations in the documents.
Your business: Keep updated with changes in laws to minimize wrong declarations
Service 2: Management and monitor
Grant Thornton’s solutions:
- Prepare/ review provisional and final tax returns;
- Provide guidance on documentation for tax filing for cases while operating.
Timeline: less than 4 weeks
Deliverable:
- Tax returns in line with regulations
- Recommendations in the documents
Your business: Mitigation of penalties upon audit by tax authority.
Service 3: Tax audit assistance
Grant Thornton’s solutions:
- Send team to attend tax audit;
- Guide explanation/discussion with the local tax department.
Timeline: 1-2 weeks.
Deliverable:
- Suggest input for tax audit working minutes and final minutes
- Report of tax audit progress
Your business: Appeal against unfavorable treatments
Service 4: Tax petition
Grant Thornton’s solutions:
- Draft/ submit petition letter;
- Follow up to have meetings with the authorities.
Timeline: 3-8 weeks.
Deliverable: The offcial response from the authority.
