SERVICE FEES FOR THE PREPARATION AND SUBMISSION OF STATUTORY REPORTS FOR REPRESENTATIVE OFFICES OF FOREIGN COMPANIES IN VIETNAM
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After a Representative Office of a foreign company in Vietnam has been granted an Establishment License, it is required to comply with various statutory reporting obligations under Vietnamese law.
I-SERVICES TO BE PROVIDED BY GOLDEN STAR
1.1-Tax Declaration Services
- Preparation and filing of monthly/quarterly Personal Income Tax (PIT) returns;
- Preparation and filing of quarterly tax declarations for the Representative Office;
- Submission of tax reports to the competent authorities.
1.2-Tax Finalization Services
- Annual Personal Income Tax (PIT) finalization for foreign employees;
- Annual tax finalization for the Representative Office;
- Submission of tax finalization reports to the competent authorities.
1.3-Payroll Services
- Preparation and calculation of monthly payroll for employees;
- Preparation of monthly payroll statements, including salaries, bonuses, and allowances;
- Calculation of monthly social insurance, health insurance, and unemployment insurance contributions;
- Calculation of monthly Personal Income Tax (PIT) liabilities.
1.4- Labor and Social Insurance Services
Registration of social insurance, health insurance, and unemployment insurance for employees;
Submission of labor reports to the relevant authorities;
Reporting increases and decreases in employee headcount in accordance with legal requirements.
1.5-Accounting Records and Annual Reporting
Preparation and maintenance of monthly cash transaction and bank transaction records;
1.6-Preparation and submission of the Annual Operation Report of the Representative Office.
II- SERVICE FEES
The service fees shall be determined based on the number of employees of the Representative Office during each month, as follows
|
No |
Number of Employees per Month |
Service fees/Month |
|
1 |
Employees ≤ 02 |
VND 3,500,000.00 |
|
2 |
2 < Employees ≤ 03 |
VND 4,500,000.00 |
|
3 |
3 < Employees ≤ 06 |
VND 6,500,000.00 |
|
4 |
6 < Employees ≤ 10 |
VND 9,500,000.00 |
|
5 |
10 < Employees ≤ 15 |
VND 12,500,000.00 |
|
6 |
15 < Employees |
650.000 VND Per additional employee |
II-PAYMENT
- The service fees shall be paid quarterly in advance (every three months).
- The service fees are exclusive of Value Added Tax (VAT).
Please contact us directly for detailed advice and the most accurate quote for your business case.
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