Procedures for setting up a company providing tax services in Vietnam

Currently, people establishing more and more businesses in Vietnam. And of course, businesses always tie to taxes. Setting up a department or group just to solve tax problems is expensive because tax payments are usually calculated on an annual basis. Therefore, business owners tend to “hire” companies specializing in tax services to solve their tax problems. Thus, the tax service business is also a promising line that will bring high profits to investors. This article of LSX legal firm will give you instructive information about the procedures for setting up a company providing tax services in Vietnam.

Conditions for setting up company

The company does business on tax service also known as a tax agent. It is an enterprise or a branch of an enterprise that meets the conditions and is granted a certificate of eligibility for tax procedure services.
Thus, in order to set up a tax service business, first of all, you need to ensure the conditions for business establishment and business license. Also, you must satisfy the conditions on tax agent staff.

Conditions for a business license

To have a certificate of eligibility for in tax procedures business, you need to satisfy the following conditions:

• An enterprise established under the law.
• At least 02 people who have tax procedure service practicing certificates; work full time at the company.
• At least one staff with an accountant certificate working full time at the business in the case of providing services to micro-businesses.

Conditions for staff

Must be a Vietnamese citizen or a foreigner who is allowed to reside and work in Vietnam. The following people not allowed to work at a tax agent:

• Officials and civil servants; officers, non-commissioned officers, professional soldiers, defense workers, defense officers; public security workers.
• People who are banned from practicing tax, accounting, or auditing services according to judgments or decisions of the court; people being examined for criminal liability.
• Have been convicted of one of the crimes of infringing upon the economic management order related to taxation, finance, and accounting but have not yet had their criminal records removed;
• People who are being administratively educated in communes, wards, or townships, sent to compulsory educational institutions or sent to compulsory detoxification establishments.
• Sanctioned for administrative violations in tax administration, accounting, and auditing within 06 months from the date of completion of the sanctioning decision in case of warning; or within 1 year if the sanction is in other forms.

Dossiers for business license registration

• An application for a certificate of eligibility for business in tax procedure services.
• Practicing certificate for tax service of individuals working at the enterprise (scanned copy).
• Accountant certificate of individuals working at the enterprise (if the business provides service for micro-enterprises) (scanned copy).
• Labor contract between the enterprise and individuals who have a practicing certificate of tax procedure service; Accountant certificate (scanned copy).

Procedures for business license

Establish the company

The first condition is that you have to establish a business. You can choose one of the following business types:

• Sole proprietorship
• Partnership
• Single-member limited liability
• Multi-member limited liability
• Joint-stock

Apply for a business license

Send registration application for licensing to the Department of Taxation (where the tax agents locate headquarters); or the website of the Department of Taxation.
Within 05 working days from the day on the receipt of the application, the Department shall issue a certificate of eligibility to provide tax service business. In case of refusal, the Department of Taxation must reply in writing and clearly state the reason.
The taxpayer must notify the tax agency at least 05 working days before the tax agent performs the tax procedure services stated in the contract for the first time, or within 05 working days from the date of business suspension or termination.

Kinds of service

Tax agents can provide the following types of services:

• Tax registration procedures, tax return, tax payment, tax finalization, dossier of request for tax exemption, reduction or refund; and other tax procedures on behalf of clients.
• Tax consulting services.
• Accounting services for micro-businesses.

Tax agent must clearly state each service they provide in the contract signed with the taxpayer. The service contract between the tax agent and the taxpayer must show the scope and duration of service; authorized scope of work for carrying out tax procedures, authorization time limit.

In case the contract for service of tax procedures still valid; but tax agents are being suspended from doing business in tax procedures; or the certificate of eligibility for tax procedure service business has been revoked, the tax agent must immediately notify the taxpayer so that measures can be taken to suspend or terminate the service provision contract.

LSX legal firm’s service on company establishment

When establishing a company, people must carry out the procedure following the law at the competent business registration authority (under the Law on Enterprise 2020). The process of establishing a business includes many different steps and phases. If you are not familiar with the law, this process may take a lot of time.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Using our service, you do not need to do the paperwork yourself. We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application; submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

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Contact LSX

Finally, hope this article is useful for you to answer the question about “Procedures for setting up a company providing tax services in Vietnam”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: [email protected]

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