OVERVIEW OF TAX REPORTING SERVICES
Are you looking for a professional and reputable provider of tax reporting services? With over 15 years of experience in the accounting and tax field, MAN will help your business fully comply with tax obligations, avoiding all legal and financial risks.
1. What is a tax reporting service?
Tax reporting service is an accounting and tax service provided by companies to enterprises, including preparing and submitting various tax reports such as VAT, CIT, PIT, invoice usage reports, and labor usage reports. This service helps businesses comply with the law, save time, and receive professional consultation. It includes:
Saving time and costs, ensuring accuracy and compliance!
─ Value Added Tax (VAT) reports
─ Corporate Income Tax (CIT) reports
─ Personal Income Tax (PIT) reports
─ Invoice usage reports
─ Labor usage reports, etc.
The tax reporting service in Ho Chi Minh City provided by MAN - Master Accountant Network supports businesses in preparing and submitting tax reports such as VAT, CIT, and PIT. Services include tax consultation, documentation review, and support for resolving tax issues. Benefits of using this service include professionalism, time savings, and timely advice.
2. Target users of tax reporting services
The tax reporting service offered by MAN is suitable for:
─ Newly established businesses that do not yet have a dedicated accounting department.
─ Small and Medium-sized Enterprises (SMEs) looking to save on accounting personnel costs.
─ Large enterprises needing to outsource services to focus on core operations.
─ FDI (Foreign Direct Investment) and multinational enterprises requiring full compliance with tax obligations in Vietnam.
─ Individual businesses and household businesses with production or trading activities.
3. Benefits of using tax reporting services
Saving Time and Costs
– Businesses do not need to recruit and train accounting staff → reducing personnel costs.
– No time spent researching and updating new tax policies → avoiding risks due to policy changes.
– Limiting errors, avoiding tax penalties and late payments → minimizing unnecessary costs.
Ensuring Accuracy and Legality
– Tax reports are always submitted on time and complete according to legal regulations.
– No missing tax amounts or calculation errors → avoiding legal risks.
– In case adjustments or supplements are needed → they are handled promptly by tax experts.
Professional service, ensuring legal compliance for businesses!
Example: Company XYZ outsources tax reporting services to MAN. Monthly, by simply sending invoices and documents to MAN, the company is completely assured that all tax reports will be prepared and submitted on time, valid, and with absolute accuracy according to regulations.
– Receiving Consultation and Support from Tax Experts
– Receiving consultation and answers to all tax-related issues from experienced tax experts at the service company.
– Being promptly updated on the latest changes in tax policies, accounting, and invoices.
– Leveraging the service companys experience and relationships in resolving issues with tax authorities.
4. Scope and content of tax reporting services
VAT Tax Report
* Preparing monthly/quarterly VAT declarations.
* Determining payable or deductible VAT amount.
* Supporting input VAT refund (if any).
* Submitting reports and providing explanations to tax authorities.
CIT Tax Report
* Preparing quarterly provisional CIT declarations.
* Preparing annual CIT finalization reports.
* Determining taxable income and payable CIT amount.
* Handling deductible and non-deductible expenses.
* Submitting reports and providing explanations to tax authorities.
PIT Tax Report
* Calculating employees taxable PIT income.
* Preparing monthly/quarterly PIT declarations.
* Preparing annual PIT finalization reports.
* Issuing PIT withholding certificates to employees.
* Submitting PIT reports to tax authorities.
Other Tax Reports
* Report on invoice usage status.
* Report on labor usage status.
* Reports on union fees, social insurance, etc.
Legal Basis: Tax Administration Law 2019, Decree 126/2020/NĐ-CP, and specific guiding circulars for each type of tax.
5. Tax reporting service implementation
Receive Information and Documents
- Collect Enterprise Information: Business registration certificate, tax code and enterprise type information, business line and tax calculation method, legal representative information.
- Receive Accounting Documents: Input and output invoices, collection and payment vouchers, ledger, payroll and salary deductions, economic contracts and contract liquidations.
Review and Analyze Data
- Document Appraisal: Checking the validity and legality of invoices, cross-referencing information on documents, reviewing forms and signatures according to regulations.
- Document Classification: Classification of documents by tax type.
- Data Analysis and Processing: Summarizing revenue by item/service, analyzing deductible and non-deductible expenses, calculating input and output VAT, determining taxable CIT income.
Prepare and Submit Tax Reports
Based on data and current legal regulations, prepare relevant tax reports for the enterprise:
- Prepare VAT declaration.
- Prepare CIT report.
- Calculate PIT for employees.
- Prepare detailed schedules (if any).
- Sign reports with clients, seek opinion in case of discrepancies.
- Send reports to clients for electronic tax submission via the tax portal or submit reports at the tax authority.
Report Submission Process
- Send draft for client review
- Adjust based on feedback (if any)
- Sign and confirm the report
- Submit via the electronic tax portal
- Monitor report submission status.
Document storage and post-reporting support
Document Storage: Arranging documents in chronological order, scanning and electronic storage, preserving original documents for 10 years, systematic record management system.
Post-Reporting Support: Providing explanations to tax authorities when required, providing supplementary documents upon request, supporting report adjustments and amendments, consulting on handling arising issues.
Practical Example: Company ABC signs a tax reporting service contract with MAN. On April 5th, the company sends all documents for March. MAN staff proceeds:
April 6th-7th: Reviewing and classifying documents.
April 8th-10th: Processing data and preparing reports.
April 11th-12th: Sending draft and receiving feedback.
April 15th: Finalizing report submission online.
6. Choosing a Reputable Tax Reporting Service Provider
Selection Criteria
Highly qualified and experienced personnel team.
Modern equipment and accounting software.
Professional and confidential workflow.
Competitive service costs compared to the market.
Brand reputation, trusted by many businesses.
Excellent after-sales service and customer care.
Introducing MAN Tax Reporting Service
✔ With over 10 years of experience providing tax reporting services to hundreds of businesses nationwide, MAN - Master Accountant Network is proud to be one of the leading accounting and tax service firms today.
✔ MANs personnel team is highly qualified and experienced in the accounting and tax field. 100% of staff are university graduates in accounting and auditing from reputable schools.
✔ MAN uses modern automated accounting software, optimizing the workflow and ensuring accurate and prompt tax reporting data.
✔ MANs services always ensure timely and high quality. All tax reports are carefully checked before being sent to the client.
✔ MAN is always ready to advise and support clients with all issues arising before, during, and after using the tax reporting service.
✔ Reasonable and competitive service fees, with preferential policies for long-term service users or those reporting multiple types of taxes.
✔ When choosing MANs tax reporting service, we will act on your behalf and bear full legal responsibility for the tax accounting activities (tax reporting). Specifically, the tasks MAN will perform include:
✜ Thorough consultation on the use of output and input invoices.
✜ Directly receiving accounting documents and invoices.
✜ Classifying, reviewing, and cross-referencing to ensure the validity of invoices and documents. Simultaneously, balancing input and output VAT.
✜ Preparing Personal Income Tax (PIT) declarations, provisional Corporate Income Tax (CIT) reports, invoice usage reports, etc.
✜ Submitting tax reports in accordance with regulations and deadlines.
✜ Preparing accounting ledgers, completing vouchers (collection/payment, import/export, etc.).
✜ Preparing detailed cost accounting ledgers for goods, inventory ledgers, payment ledgers, collection ledgers, etc.
✜ Preparing annual PIT and CIT finalization reports, and annual Financial Statements (FS).
Contact us via our HOTLINE for consultation and support!
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