An established corporation in Vietnam will require ongoing corporate compliance, including:
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List of Compliance Requirement Types for a Corporation in Vietnam |
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Type |
Description of areas of compliance |
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Accounting and Tax Compliance |
Maintaining the company’s accounting and tax compliance and reporting includes annual and quarterly filings relating to.
In many cases, there shall arise ad-hoc or periodic fillings relating to import and export tax and business license tax.
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Annual Audit Compliance |
Annual Audit reports must be filed on time within Vietnam’s set annual finalization calendar by LLC. An independent Vietnamese auditing company must review your financial statements at the end of each fiscal year.
While an RO in VN of a foreign trader is not required an annual Audit Compliance. A RO is required to file an annual RO's activities Report prepared by itself to be submitted to the licensing authority, not through an independent auditing firm.
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Employment Compliance |
Employing people under your company, requires that you remain in compliance with Vietnam’s.
There are numerous requirements, such as limitations to the types and quantities of employees, ensuring that foreign employees receive and maintain the necessary work permits and visas, and registering and paying employees social insurance as a component of payroll.
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Business License Tax and Special License Compliance |
Annual business license tax payment, beginning in a company’s second business year. Compliance and renewals may also apply for required special business licenses.
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Foreign Investment Report Compliance |
Foreign investment reports are required to be submitted in quarterly, semi-annual and annual basis, including the Report on Investment. Implementation (quarterly and annually), and the Report on Investment Supervision and Assessment (semi-annually and annually).
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