Corporate Tax Finalization Service

What tax finalization means in Vietnam

Tax finalization is the annual closing of a company’s tax position. The enterprise self-determines the tax payable for the financial year, reconciles it against amounts already provisionally paid, and files the finalization dossier with the tax authority. Two taxes are finalized: corporate income tax, and the personal income tax the company withholds on behalf of its employees.

Errors at this stage rarely come from arithmetic. They come from a year’s worth of input data — an expense without supporting documents, an invoice that fails the deductibility conditions, an aged receivable never reconciled. At finalization, the accountant has to decide whether to keep or exclude each of these, and every wrong call leaves exposure for years, because the finalization dossier is exactly what an inspection team pulls first.

That is why a corporate tax finalization service is not a filing exercise. Most of the work is a backwards review of the full year before anything is filed.

What is included

How we work

Points foreign-invested companies most often get caught on

• The old VND 20 million threshold. Many finance teams still apply it. It has been replaced — VAT under Law 48/2024/QH15 effective 1 July 2025, and corporate income tax under Law 67/2025/QH15 with Decree 320/2025/ND-CP effective 15 December 2025, setting the threshold from VND 5 million.
• Related party transactions. Management fees, cost allocations and intra-group loans need documentation that stands on its own, independent of the group’s internal policy.
• Expenses paid abroad on behalf of the Vietnamese entity. Common, and commonly disallowed for lack of qualifying documents.
• Expatriate personal income tax. Residency status, tax equalisation arrangements and split payroll each change the filing position.

The cost of skipping the review

Where tax is reassessed after an inspection, three amounts arise together: the additional tax recalculated for each period concerned; late payment interest of 0.03% per day under Article 59 of the Law on Tax Administration 38/2019/QH14 — roughly 10.95% a year — accruing from the original due date of that period rather than the date of detection; and an administrative penalty according to the nature of the breach.

Because interest runs from the original due date, an error in year one discovered in year four has already added more than 30% on top of the tax itself. Reviewing before filing is the cheapest way to stop that accumulation.

Fees

There is no standard price list. The fee depends on the number of years covered, the actual volume of documents, the industry, and the complexity of transactions in the period. After scoping, you receive a written quote before work begins, with no charges outside the agreed scope.

Frequently asked questions

Related services

• Full-service accounting
• Tax consulting
• FDI and transfer pricing tax advisory

Request a quote based on your actual records

Leave your details below and we will come back to you during working hours, Monday to Friday, 08:00 to 17:30 Vietnam time, to discuss scope and send a written quote. Initial scoping is free of charge.