At NNC, we understand that tax compliance can be a complex and time-consuming process, particularly when it comes to Corporate Income Tax (“CIT”) Filing. That’s why we offer comprehensive and reliable CIT Filing services as a tax agency, designed to assist companies in meeting their tax compliance obligations with ease and accuracy.
Our team of experienced professionals has a deep understanding of the local tax regulations, and we can provide tailored solutions to meet the specific needs of each client. We work closely with our clients to ensure that all necessary information is collected and correctly presented for CIT calculation purposes, minimizing the risk of errors and omissions in the CIT return that can result in penalties and fines.
Our CIT Filing services include a range of activities, such as assisting the Company in preparing annual CIT return, checking accounts and relevant supporting documents, forwarding the draft CIT return to the Company for final review and approval, and submitting the CIT returns to the local tax authorities. We take care of all the administrative tasks related to CIT filing, including making sure that the CIT returns are submitted within the prescribed deadline and that the tax payments are made in accordance with the local tax regulations.
In addition to CIT Filing services, we also provide support for preparation of the disclosure of related parties transactions (Form 01) as required by Vietnamese transfer pricing regulations. Form 01 must be completed and lodged together with the Company’s CIT finalisation return. Positive disclosures in the declaration should help to reduce the risk of scrutiny by the tax authorities in relation to the Company’s transfer pricing.
Our scope of work under this assignment will be as follows:
- Assist the management in identifying the Company’s RPTs in accordance with the current transfer pricing regulations based on the information and documents provided by the Company.
- Discuss with the Company and compile the necessary data on values of the RPTs for disclosure in Form 01.
- Assist the Company in handling queries raised by the tax authorities in relation to the disclosures provided in Form 01. This will not be a defense, on the Company’s behalf, of its transfer pricing policy.
Our deliverables under this assignment will be the completed Form 01 for the Company. Please note that it is the responsibility of the Company to select the methods and maintain transfer pricing documentation supporting such selection in accordance with the local transfer pricing regulations.
We are committed to providing our clients with high-quality CIT Filing services that are accurate, timely, and tailored to their specific needs. We understand the importance of accuracy and timeliness when it comes to tax compliance, and we strive to make the process as smooth and hassle-free as possible. Our team of experts is always ready to assist you in meeting your tax compliance obligations and reducing the risk of penalties and fines.
If you are looking for a reliable partner to help you with your CIT Filing needs, please do not hesitate to contact us. We will work with you to develop a customized solution that meets your specific needs and provides you with the peace of mind that comes from knowing your tax compliance obligations are being met with the highest level of accuracy and professionalism.
Please leave your contact information for us, and we will be in touch with you shortly to provide a quote and explore ways in which we can cooperate.
