Taxation is a complex area that requires keeping up to date with the latest legislation. Hong Bang Law has many employees who are experts with long experience in the tax field, providing customers with quality and reliable services.
Therefore we would like to send you some necessary information about tax regulations for branches
General regulations
According to the provisions of Article 16 of the Commercial Law 2005, foreign traders have the right to establish representative offices (representative offices) in Vietnam. direct profitable activities in Vietnam. Therefore, the only basis for arising tax obligations of a representative office of a foreign trader in Vietnam is from the recruitment of Vietnamese or foreign workers to work at the representative office.
The obligation to declare, withhold, pay tax and finalize personal income tax of employees working at a foreign representative office is the responsibility of the representative office itself. The tax finalization process also helps representative offices have grounds for tax refunds if the paid tax amount is larger than the actual tax payable.
Form of Declaration
Representative offices of foreign traders that generate income from salaries and wages but do not generate revenue from selling goods and services are not subject to value-added tax declaration, and therefore are subject to tax declaration. personal income tax by month.
Deadline for declaration
Before January 30 of each year, a representative office or branch is responsible for sending a report according to the form of the Ministry of Industry and Trade on its activities in the previous year by post to the licensing agency.
Taxable objects at foreign representative offices
Taxable objects at foreign representative offices can be residents and non-residents:
- Resident: Present in Vietnam for 183 days or more in a calendar year or in 12 consecutive months from the first day of presence in Vietnam or having a regular place of residence in Vietnam, including a registered residence for permanent residence or having a rented house to live in Vietnam under a fixed-term rental contract. Tax period: by year.
- Non-resident individual: Does not meet the above conditions. Tax period: according to each time income is generated.
Tax declaration service for representative office of Hong Bang Law
- Consulting on tax issues related to the operation of foreign representative offices in Vietnam;
- Consulting on issues related to labor contracts; work permits, temporary residence cards for foreign employees working at foreign representative offices in Vietnam;
- Consulting on the development of salary, bonus, welfare, social insurance and health insurance regimes for employees working at foreign representative offices in Vietnam;
- Representation of tax declaration and finalization for foreign representative offices in Vietnam;
- Prepare payroll, declare and submit monthly PIT withholding declarations;
- Prepare cash book, check bank account statement with actual expenses of Representative Office;
In addition to the above services, Hong Bang Law also provides the following tax services for enterprises:
- Consulting services and personal income tax finalization;
- Consulting services and initial tax declaration;
- Service of tax declaration by month, by quarter;
- Tax declaration service according to the time of arising;
- Services of making and declaring year-end financial statements;
- Contractor tax declaration service;
- Service of filing value-added tax refund;
- Tax declaration services at the request of businesses.
If you need more detailed advice and answers as well as how to access this service, please contact directly our Lawyer Nhat Nam via hotline: 0912.35.65.75, 0912.35.53.53 or call the toll free legal consultation hotline 1900.6575 or send a service request via email: lienheluathongbang@gmail.com
Wishing you and your family good health, peace and success!
Best regards!