Tax Report for business

Every year, businesses must declare and pay many different taxes. With the desire to help you work easily, BRIGHT STAR TAX AGENCY has compiled tax declaration instructions for each type.

Tax declaration is an indispensable task for all business accountants. However, a brief understanding of tax declaration processes should also be within the knowledge of business owners and managers. This helps check and monitor employees. At the same time, ensuring work progress becomes easier.

1. What is the initial tax declaration service?

Initial tax declaration is an important step that all newly established businesses need to take. Immediately after receiving the Business License and seal from the Department of Planning and Investment (MPI), the initial tax declaration should be carried out immediately.

To do this, tax declaration services are initially provided by companies specializing in auditing, accounting and tax.

⇒ Therefore, to do it correctly, it is important to clearly understand and comply with legal regulations on tax reporting. This includes understanding the types of tax returns that businesses must submit, the deadline for submitting tax returns, and the time to pay taxes when they arise.

2. Subjects needing tax declaration

• Newly established enterprise and start of production business.
• Enterprises operating in the field of business with total revenue from providing services and selling goods in the previous year from less than or equal to 50 billion VND.
• Enterprises with total revenue of the previous year greater than 50 billion VND

3. What types of annual tax declaration are included?

1. Corporate income tax (CIT): This is a tax on the income that businesses gain from business activities.
2. Value Added Tax (VAT): This is a tax applied to goods and services consumed in the course of business.
3. Personal income tax (PIT): This is a tax on individual income from various sources, including income from business.
4. Special consumption tax (SCT): This is a tax applied to certain types of goods and services, such as gasoline, cigarettes, alcohol, cars, etc.
5. Environmental tax: This is a tax applied to activities that impact the environment, such as natural resource exploitation, waste treatment, industrial production, etc.

In addition, it depends on the activities and industry of the business. There may also be other taxes such as house tax, sales tax, etc. Therefore, businesses need to comply with the law. At the same time, declare all taxes appropriate to your business activities.

4. Why should you use tax declaration services?

Here are the reasons why you should use tax declaration services:

Maximum cost savings for businesses:

• Because tax declaration is extremely important and requires accuracy, highly qualified accounting professionals are needed to do it.
• However, the cost of hiring a good accountant is not cheap.
• Tax declaration services will help you save costs by using a team of professional accountants with extensive experience to optimally solve tax declaration problems for your business.

Save time for businesses:

• Finding a good accountant and training to familiarize yourself with the business’s work takes a lot of time.
• The tax declaration deadline is often very stressful and without a professional accountant, arranging and handling work on time will become difficult.
• Tax declaration service will help you thoroughly solve the above problems and save time for your business.

Limit risks for businesses:

• Professional accountants not only have high qualifications but also must grasp the actual situation and changes in accounting, auditing and tax declaration laws.
• To ensure the interests of businesses and limit risks, choosing tax declaration services from reputable addresses is necessary.

Hotline: 0973 061 122 – 0924 359 278

4. Initial tax declaration service package process

To ensure accurate and clear tax declaration, SAO SANG provides tax declaration services according to the following process:

1. Bank account 

Carry out procedures to open and send notice of bank account use to the tax authority. Affiliated banks include: Vietcombank, ACB, BIDV, MB…

2. Electronic invoices 

Order printing, carry out procedures for notification of issuance of electronic invoices and instructions on how to use electronic invoice issuance software.

Note: BRIGHT STAR TAX AGENCY will guide you how to properly write and cancel invoices.

3. Digital signature 

Support for registering digital signatures from only 1,100,000 VND and instructions for using digital signatures.

4. Initial tax declaration procedures

• Register for an electronic tax declaration account;
• Register accounting form and use invoices;
• Register the fixed asset depreciation method;
• Drafting all initial tax declaration documents;
• Prepare and submit the first license tax declaration;
• Pay license tax to the State Treasury.
• Đăng ký hình thức kế toán và sử dụng hóa đơn;
• Đăng ký phương pháp khấu hao tài sản cố định;
• Soạn thảo toàn bộ hồ sơ khai thuế ban đầu;
• Lập và nộp tờ khai thuế môn bài lần đầu;
• Nộp tiền thuế môn bài vào Kho bạc Nhà nước.

Note:

BRIGHT STAR TAX AGENCY will represent the accountant and solve problems with documents and accounting books when you use the full accounting service.

5. Initial tax declaration fee at BRIGHT STAR TAX AGENCY

• Initial tax declaration for businesses: City. HCM – 500,000 VND | Hanoi – 1,000,000 VND;
• Initial tax declaration for branch in the same province: 500,000 VND;
• Initial tax declaration for branches in other provinces: Contact SAO SANG to receive a quote on a case-by-case basis.

• Get an immediate discount of VND 500,000 on the initial tax declaration service fee for businesses when you use the full accounting service at BRIGHT STAR TAX AGENCY.

Free service fees for ordering invoice printing and digital signature registration procedures, you only need to pay the invoice and digital signature to the supplier.

Hotline: 0973 061 122 – 0924 359 278

6. Implementation time

Overview of work items in 3 days as follows:

• 1 day – Free consultation on issues about invoices, digital signatures, bank accounts…;
• 1 day – Prepare, submit, sign and submit initial tax declaration documents at the Tax Department;
• 1 day – Hand over results on-site and provide additional instructions on how to properly write and process invoices.

7. Legal documents and records customers need to provide

The initial tax declaration procedure is quite complicated, but the information you need to provide to SAO SANG is very simple, including:

1. Scanned/photocopy of business license;
2. ID card/CCCD/passport of the legal representative;
3. ID card/CCCD/passport of the chief accountant.

Note: In addition, you need to provide a digital signature, invoice form, and business bank account information if you already have it or do it yourself.

8. Note when making initial tax declaration

Lời kết

To ensure that the enterprise’s production and business run smoothly and effectively, implementing guaranteed and optimal accounting procedures is extremely important. This helps avoid errors and does not waste time and costs for businesses. If you have any questions about tax declaration or need advice about electronic invoices, please contact us directly at BRIGHT STAR TAX AGENCY. We will be happy to assist you.