Living in Vietnam Blog

Vietnam

Accounting and taxation in Vietnam

Requirements to avail tax and accounting services by Emerhub Bank statementClients are required to send their bank statements via email to Emerhub at the end of every month. Input documentsClients must provide input invoices, contracts, and import documents (if any) to Emerhub. These documents are from their supplier as a result of business transactions. The […]

Stay compliant with Vietnamese tax laws with our expert tax and accounting services

Emerhub offers tax and accounting services to companies in Vietnam. While you focus on growing your business, we ensure that taxes are paid on time to avoid any possible penalty.

With over 10 years of experience in Vietnam’s tax and accounting industry, we provide expert guidance to your business.

Discover how we streamline your tax and accounting processes

Monthly bookkeeping and reporting
Emerhub records all transactions including expenses, income, salary, and employee insurance (SHUI). We also keep logs of export reports such as trial balances, profit and loss, and balance sheets.
Periodical reporting and tax payment
We make sure that timely payments are made to the local authorities for Value Added Tax (VAT), Personal Income Tax (PIT), and Corporate Income Tax (CIT)
Financial statement and finance report audit
Emerhub with its team of experts make sure to audit financial statements to provide an overview of the company’s financial performance.
Personal Income Tax (PIT) finalization
Emerhub prepares the annual report on finalizing the PIT of all employee’s tax returns.
Corporate Income Tax (CIT) finalization
Emerhub finalizes income tax returns for your company to remain compliant with the local laws.

Save time and money with our comprehensive tax and accounting assistance

What types of tax services we offer

Major Taxes

✓ Corporate income tax
✓ Value added tax
✓ Personal income tax
✓ Foreign contractor withholding tax

Additional Taxes

✓ Special sales tax
✓ Environmental rax
✓ Import and export duties
✓ Natural resource tax
✓ Property tax

Emerhub-Employer-of-record-consultant

Requirements to avail tax and accounting services by Emerhub

Bank statement
Clients are required to send their bank statements via email to Emerhub at the end of every month.

payroll management vietnam ID

Input documents
Clients must provide input invoices, contracts, and import documents (if any) to Emerhub. These documents are from their supplier as a result of business transactions. The clients can either send the original documents via email or courier them to Emerhub’s office.

Output documents
Clients must also provide output invoices and output contracts to Emerhub. It includes sales invoices, receipts, credit notes, debit notes, and other similar documents that show the details of a business transaction with any client.

Process

Step 1:

For new businesses, obtaining a Business Registration Certificate (BRC) and an Investment Registration Certificate (IRC) is a requirement. Once Emerhub helps them get these certificates, we register their tax and insurance (SHUI) accounts. Established businesses must also provide their accounting books.

Step 2:

The client sends out Bank statements, VAT e-invoices, contracts, or related documents at the end of every month. Emerhub records data expenses, income, salary, SHUI, etc., on the system.

Step 3:

Emerhub sends client reports, including trial balance, balance sheet, profit, and loss.

Step 4:

After getting the client’s confirmation, Emerhub fills in the tax and submits it to the tax office.

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What sets us apart

Expertise and Local Knowledge

Emerhub has expertise in the Vietnamese tax system, accounting practices, and regulations, providing our clients with accurate and up-to-date advice and support.

Customization

Emerhub provides tailored solutions to meet each client’s specific needs, whether you are a small business or a large multinational corporation.

Customer service

Our team of experts is available to answer your questions and provide support throughout the year, not just during tax season.

Cost-Effectiveness

Emerhub provides competitive market pricing making our service accessible to businesses of all sizes.

Testimonials

“I am very pleased with your service as an accountant for Emerhub (Mr Phu), I am always confident that when questions arise from my side regarding taxes and Vietnamese policies that you give me adequate and good advice in these matters. I am also very pleased that from time to time you proactively advise me on upcoming opportunities. Thank you for your service in the year 2022.”

Geert Vranckx
G-refactories

“Dasoni Consulting have worked with Emerhub. Emerhub helped us with IRC, BRC, Business Visa DN1vbank account/capital injection, tax declaration, Work Permit, and Temporary Resident Card. Lead consultant, Tran Thi Quyen was a thoughtful leader of the entire project who would scold me gently if I am late to deliver on my part. Vy Le’s super responsiveness in the beginning made Emerhub stand out to us. And Bill Phu Nguyen is a big dependable teddy bear”

Chisung Lee
Dasoni

“Great help for Julian on the recent service increase the capital and change the company’s name for LAC Vietnam LLC. Will continue to engage in other services and recommend my friend or colleague if need any services in Vietnam.”

Vincent Yeo
LAC Vietnam

Frequently Asked Questions

You will be subject to 20% Corporate Income Tax (CIT) on your profit. However, this tax only occurs upon generating profit. If you make no profits or break even. Besides, If you are an IT company, you can get tax exemption and tax incentives for up to 15 years.

11 reports in total, 2 reports every quarter (VAT and PIT), and 3 at the end of the year (VAT, PIT, CIT). Last but not least, if you are a 100% FDI company, you must also submit an annual FDI report. Read to know more about Taxes Calculation and Tax Rate.

Yes. As a company registered in Vietnam providing a service from Vietnam, your company will also have to issue VAT (due to the service you provide, the percentage of VAT can be exempted, 0%, 5%, or 10%) on your invoice to the client. For VAT exemption you must prove that your service qualifies for it. Discuss with our expert team for details.

Yes, it is. However, we usually open accounts with the most trustworthy bank in Vietnam, which is not strict about this.

Even if you have no operation, you must perform an audit at the end of every financial year which is reported on your financial report. The deadline will be March 31st of the next year.

Contact Us for Tax and Accounting Services in Vietnam

Fill out your contact details and our consultants will reach out to schedule a call

Vietnam

Visa services in vietnam

Looking to get started with your Visa application for Vietnam? Get in touch with an Emerhub Consultant for a free consultation today Emerhub is a market entry and HR services organization with a 10+ year history of delivering success in emerging markets Ease of applying Our application process ensures that the client is informed of […]

Get a new Vietnamese Visa or renew your existing one with Emerhub

Apply for your visas with Emerhub to enjoy fast and accurate submissions and approvals

10+ years of experience in Visa applications and renewals across Southeast Asia

Visa applications and renewals made simple with Emerhub in Vietnam

All visa types supported
Our company will assist you in obtaining all types of Visas and Permits apart from tourist Visas in Vietnam.
Extensions and renewals
We offer extension and renewal of your Visas and Permits as per your requirements in Vietnam.
Ease of Visa collection
Your visa can be collected at your convenience either from the Vietnamese embassy in your country or upon your arrival in Vietnam.
Switching of Visa type
With Emerhub, you can easily switch your Visa type in a few simple steps according to your needs.

Get easy access to your Vietnam Visas and Permits with Emerhub

Types of Visas and Permits in Vietnam

Whether you want to get a new visa, renew your existing one, or change to a different visa type, Emerhub’s consultants help you with the documentation and submissions based on your specific needs

Business Visa

A short-term Visa issued to foreigners who want to work with a Vietnamese enterprise and conduct business activities such as meetings, and signing business contracts. A Business Visa is valid for a minimum of 3 months and a maximum of 6 months.

Temporaroy resident card

A TRC is a document issued to expats who want to reside in Vietnam for a certain period of time. The validity of your TRC is up to 2 years.

Work Permit

A Work Permit is issued to foreigners to work legally in Vietnam. The validity of your work permit is up to 2 years.

Looking to get started with your Visa application for Vietnam?

Get in touch with an Emerhub Consultant for a free consultation today

Depending on the visa type, the process to get a visa in Vietnam can take between 2 to 6 weeks

How Emerhub applies for your visa in Vietnam

1

After understanding your requirements and collecting relevant documents from the client, Emerhub fills out the necessary applications

2

Submission of application to the Immigration Department by Emerhub.

3

Emerhub receives visa approval from the Department of Immigration.

4

The client receives the Visa either at the Vietnam embassy or on arrival in the country.

Emerhub is a market entry and HR services organization with a 10+ year history of delivering success in emerging markets

Ease of applying

Our application process ensures that the client is informed of each stage in a timely manner, and all documents are prepared and submitted with accuracy.

We are Advisors

We have dedicated and highly qualified consultants that assist our clients end-to-end through the visa filing process

Local Presence

With our office in Vietnam, Emerub ensures that all work is done in-house, without outsourcing to external parties.

Client Testimonials

Emerhub took care of everything even during difficult circumstances. It took a bit longer than expected due to the pandemic but Emerhub stayed on top of the project and completed what was necessary. They are professional and their assistance is much appreciated

Lemoine  Chalmers


Very professional, courteous, communicate very well and keep you appraised of everything that is going on with your process.

Julissa Maribel Pinto De Gracia

Very good service, quick and efficient.

Paul  Emile

Frequently Asked Questions

1. Business Visa: $1,000 2. Work Permit: $750 3. Temporary Resident Card: $750

**For Business Visa, Work Permit& TRC**: Being hired by/ Owning a company registered in Vietnam. **Business Visa**: No requirement if applying for a new business Visa. However, if the person is currently staying in Vietnam under a different Visa, they will have to exit and then re-enter the country. **Work Permit**: No special requirements for Director level positions. If applying for a Work Permit for an employee, then the person must have a relevant bachelor’s degree and above, or certified proof of working experience. **Temporary Resident Card**: must have a residential address in Vietnam. The person must also obtain the residential certification from the local Vietnamese ward police, as well as be physically present in Vietnam while applying for this permit.

Business Visa: 4-6 weeks Work Permit: 4-6 weeks TRC: 2-3 weeks

You are only eligible to apply for these once your company is completely registered/ and you are officially employed with a labor contract.

Only investors apply for the TRC without obtaining a Work Permit first. Otherwise, the person must first acquire the Work Permit and then apply for TRC later.

Yes, the family can be sponsored given the proof of family relationship (marriage certificate, birth certificate, etc.). The family Visa validity will be in accordance with the TRC of the person.

Apply for a Vietnamese visa with Emerhub

Book a call with an Emerhub Consultant to start your visa application today

How can business visa holders stay in Vietnam long-term? 

Learn about your options to stay in Vietnam long-term

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How Can You Legally Work in Vietnam?

Vietnam

Work permit

Foreign nationals must apply for a work permit in order to be eligible to work in Vietnam, unless they fall under a special category that is exempted from requiring a work permit, e.g. foreign investors. Foreign directors of Vietnamese limited liability companies require work permit to carry of their duties. Upon meeting the conditions, a […]

Foreign nationals must apply for a work permit in order to be eligible to work in Vietnam, unless they fall under a special category that is exempted from requiring a work permit, e.g. foreign investors. Foreign directors of Vietnamese limited liability companies require work permit to carry of their duties. Upon meeting the conditions, a work permit is issued for two years.

Vietnam

Business Visa

Foreign citizens travelling to Vietnam with the purpose of  business or work are eligible for a business visa. Depending on the circumstances a business visa can be issued for up to 6 months. In order to apply for a business visa a foreign citizen requires an invitation from a Vietnamese company or a sponsorship letter. Business […]

Foreign citizens travelling to Vietnam with the purpose of  business or work are eligible for a business visa. Depending on the circumstances a business visa can be issued for up to 6 months.

In order to apply for a business visa a foreign citizen requires an invitation from a Vietnamese company or a sponsorship letter.

Business VisaTemporary Residency
Suitable forTravel and business purposes Short term workingLong term working
EligibilityAll foreigners invited/sponsored by a Vietnamese company All foreigners sponsored by a foreign entityForeigners holding a work permit Founders of limited liability company or joint-stock company (JSC) Management board members of JSC
Length of stay1 month, 3 or 6 months1 to 3 years
Required documentsApplication and passport photo Passport copy Invitation/sponsorship letter Approval letterApplication and passport photo Passport Sponsorship letter Work permit Proof of address

Let's grow your business in Vietnam

Get in touch with Emerhub by filling in the form below and our consultants will reach out to you within a few working hours.