Vietnam's tax system is detailed, monthly in cadence, and unforgiving of late or incorrect filings. Forra manages your full accounting and tax function — from monthly VAT declarations through to annual CIT finalisation — so your entity stays clean with the authorities.
Every Vietnam-registered entity — company, branch, or representative office — has monthly, quarterly, and annual tax obligations. VAT declarations by the 20th of each month. Provisional CIT payments each quarter. Annual CIT finalisation with audited financials by 31 March. PIT annual settlement by 30 April. Miss any one and the penalties accumulate.
Forra's Accounting & Tax service covers the full compliance function: bookkeeping, financial statement preparation, tax filing, e-invoice management, and tax authority liaison — all on a fixed monthly fee with no per-filing billing.
Who needs it: Any Vietnam-registered entity that does not have a dedicated in-house accountant with current knowledge of Vietnamese tax law — which includes the majority of small-to-medium foreign-invested companies operating in Vietnam.
Monthly bookkeeping under Vietnamese Accounting Standards (VAS), producing the P&L, balance sheet, and cash flow statement needed for tax filing and audit.
All monthly VAT and PIT withholding declarations, quarterly provisional CIT, and annual CIT and PIT finalisation — filed on time, every time.
Setup, issuance, and management of e-invoices under Decree 123/2020/ND-CP — mandatory for all taxable sales since July 2022. Forra manages the e-invoice system and ensures every transaction is correctly documented.
Forra manages all communication with the General Department of Taxation (GDT), responds to queries, handles tax inspections, and resolves discrepancies — in Vietnamese, without your team needing to be involved.
Every Forra accounting and tax engagement covers the same fixed scope. No abbreviated services — every client receives the complete compliance function.
Monthly bookkeeping under Vietnamese Accounting Standards (VAS), using the Ministry of Finance's standard chart of accounts. Journal entries, bank reconciliations, and accounts payable/receivable management. All records maintained in Vietnamese dong per statutory requirements.
AccountingMonthly VAT declaration (by the 20th) covering output VAT on sales, input VAT on purchases, and net VAT payable or refundable. Management of VAT deduction conditions, invoice validation, and VAT refund applications where eligible. Compliance with the 2024 amended VAT Law effective 1 July 2025.
TaxQuarterly provisional CIT calculation and payment (within 30 days of quarter-end). Annual CIT finalisation return by 31 March, reconciled against audited financial statements. Advice on deductible vs. non-deductible expenses, transfer pricing documentation requirements, and applicable CIT incentives for your entity type.
TaxMonthly PIT withholding declaration for all employees. Annual PIT finalisation by 30 April, including dependent registration, deduction calculations under the 2025 PIT Law (effective 1 January 2026), and year-end settlement with the tax authority. PIT residency status assessment for foreign employees.
TaxSetup and ongoing management of your e-invoice system under Decree 123/2020/ND-CP. Issuance of e-invoices for all taxable sales, management of cancelled or adjusted invoices, and maintenance of the e-invoice register. Compliance with GDT e-invoice portal requirements and periodic submission of e-invoice summary reports.
AccountingAnnual financial statements prepared under VAS: balance sheet, income statement, cash flow statement, and notes. Coordination with your statutory auditor for the annual audit. Submission of audited financial statements to the tax authority and, for ROs and branches, to DOIT within statutory deadlines.
AccountingManagement of tax authority queries, inspection notices, and audit requests. Forra reviews the scope of any tax inspection, prepares the required documentation, attends on your behalf, and manages responses to inspector queries. Post-inspection follow-up and penalty response handled in-house.
TaxFor entities with related-party transactions, Forra prepares the annual transfer pricing disclosure form (GCN-01/TP) and advises on whether a full transfer pricing report is required under Decree 132/2020/ND-CP. Maintenance of contemporaneous documentation supporting arm's length pricing positions.
TaxThe full tax filing calendar for a standard Vietnam-registered trading company. Forra tracks every deadline and files without prompting — you receive confirmation after each submission.
You upload or send sales invoices, purchase invoices, bank statements, and expense records. Forra's portal accepts documents in any format.
All transactions entered and classified under VAS. Bank reconciliation completed. VAT input and output verified against e-invoice system. Any discrepancies flagged to you for clarification.
VAT payable calculated and reviewed. PIT withholding amounts confirmed for payroll. Any unusual items or deductibility questions raised with you before filing.
VAT and PIT declarations submitted via the GDT e-portal. Payment instruction sent to you for bank transfer. Filing confirmation receipt retained in your records.
Forra delivers a monthly management report: P&L, balance sheet, tax summary, and any upcoming deadlines or regulatory updates relevant to your entity.
Forra manages your full accounting and tax function on a fixed monthly cycle. You provide source documents; we handle everything from bookkeeping through to filing confirmation — with a monthly management report so you always know your entity's financial and tax position.
For new entities, Forra also handles the initial tax code registration, accounting system setup, and e-invoice system activation — ensuring you start clean before the first transaction occurs.
No year-end surprises. Because Forra maintains your books monthly, the annual CIT and PIT finalisation is a reconciliation of work already done — not a scramble. Most clients receive their annual filing confirmation before the March 31 deadline with time to spare.
Forra handles HR, payroll, global mobility, and governance for the same client base. That means our accounting team already knows your employment structure, foreign staff obligations, and corporate setup — reducing the coordination overhead that comes with separate providers.
Monthly VAT declarations, PIT filings, quarterly CIT — all included in a single fixed monthly fee. You never receive an invoice for a routine filing or a query response.
PIT withholding is calculated using the same salary data as payroll. Social insurance contributions feed directly into the accounting records. No reconciliation between separate providers at year-end.
When the tax authority queries a filing or announces an inspection, Forra responds and attends on your behalf — in Vietnamese, with full knowledge of your filing history. No separate engagement required.
All engagements are priced on a fixed monthly fee based on entity type and transaction volume. Audit coordination and tax inspection support are included; statutory audit fees (charged by your auditor) are separate.
For ROs with limited activity: no revenue, minimal expenses, and a small team. Annual activity report and PIT filing included.
For entities with VAT, CIT, and payroll obligations. Covers the full monthly filing cycle. Suitable for most foreign-invested companies.
For entities with high transaction volumes, related-party transactions, or multiple cost centres requiring consolidated reporting.
Forra prepares the financial statements and coordinates the audit process, but the statutory audit itself is performed by a licensed independent auditor. This is required by Vietnamese accounting law — the same firm cannot both prepare and audit the financial statements. Forra manages the auditor relationship, prepares the supporting schedules, and ensures the audit is completed within the statutory deadline for CIT finalisation.
E-invoice is mandatory for all VAT-registered entities in Vietnam. Under Decree 123/2020/ND-CP, every taxable sale must be documented with an authenticated electronic invoice — paper invoices are no longer valid. Forra sets up your e-invoice system as part of onboarding and manages issuance, cancellation, and summary reporting on an ongoing basis.
Voluntary correction before the tax authority raises a query attracts a reduced penalty — typically 20% of the underpaid tax plus interest. Forra can review prior periods, identify any errors, and manage the correction process. This is always preferable to waiting for an inspection, which carries higher penalties and may trigger a full audit of the period.
Transfer pricing rules under Decree 132/2020/ND-CP apply to any entity with related-party transactions — management fees to a parent, intercompany loans, or royalties for IP use. Entities meeting the thresholds must file the GCN-01/TP disclosure form with their annual CIT return and may need a full transfer pricing study. Forra assesses applicability and prepares the necessary documentation.
Yes. Forra handles accounting transitions regularly. We request the prior period working files from your existing accountant, review the books for any issues, and take over from the next period. Where prior period errors are identified, we advise on whether correction is warranted. The transition is managed without disruption to your filing deadlines.
Vietnamese law requires bookkeeping in Vietnamese dong (VND) under Vietnamese Accounting Standards (VAS), which differ in several areas from IFRS. For clients who also need IFRS or management accounts in a foreign currency, Forra can produce a parallel reporting pack — but statutory books and tax filings are always in VND under VAS.
Fixed fee, monthly filings, no surprises. Forra manages your full accounting and tax function so you never miss a deadline.