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Singapore companies in Vietnam: tax, accounting, and CFO advisory

Vietnam-side accounting, tax, payroll, transfer pricing, and CFO advisory for Singapore-headquartered companies. Treaty relief, group reporting, and IRAS-aligned documentation.

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Overview

Singapore-headquartered companies are the largest group of foreign investors in Vietnam. We provide Vietnam-side accounting, tax, payroll, transfer pricing, and CFO advisory to Singapore parents and their Vietnamese subsidiaries. Our team is familiar with the Singapore-Vietnam tax treaty, IRAS documentation requirements, and SGD / USD reporting frameworks.

Who needs this service

  • Singapore-headquartered companies with Vietnam operations
  • Singapore holding companies with Vietnamese subsidiaries
  • Singapore SMEs expanding into Vietnam

Legal requirements

Vietnamese Accounting System (VAS)

Vietnam entities must maintain books under VAS and file statutory financial statements in Vietnamese.

Singapore-Vietnam tax treaty

Reduces withholding on dividends to 0% (with conditions), on interest to 10%, and on royalties to 5–10%.

Group reporting

Singapore parents typically expect monthly management accounts, quarterly consolidation, and the annual audit.

Pricing

Indicative fees

ItemFee
Singapore client monthly compliancefrom USD 1,500 / month
Group reporting and consolidationfrom USD 1,000 / month

Fees are indicative and depend on transaction volume, complexity, and reporting requirements. Request a tailored proposal.

Timeline

Typical engagement timeline

Phase 1 · Week 1–4

Setup

Vietnam entity setup, group chart of accounts, SGD/USD reporting framework.

Phase 2 · From month 2

Steady state

Monthly close, group reporting, treaty-claim documentation, audit support.

Watch out

Common mistakes we help you avoid

  • 01Not obtaining the IRAS Certificate of Residence before treaty claims
  • 02Treating the Vietnam entity as a full-risk distributor when a limited-risk model is more appropriate
  • 03Missing the VAS-to-Singapore-FRS / IFRS reconciliation in the management accounts
  • 04Failing to document the inter-company services with a benefit test
Why us

What you get

Treaty expertise

We obtain the IRAS CoR, prepare the treaty-claim documentation, and apply the reduced rates.

Group-ready reporting

Monthly management accounts, quarterly consolidation, and the VAS-to-IFRS reconciliation your parent expects.

IRAS-aligned documentation

TP documentation aligned with IRAS expectations and OECD BEPS.

FAQ

Frequently asked questions

What is the typical Vietnam setup for a Singapore company?
Singapore-headquartered companies typically set up a 100%-foreign-owned LLC in Vietnam with a sales/marketing presence. The Vietnam entity may be a subsidiary of the Singapore parent or a regional subsidiary. The choice depends on tax-treaty and group-reporting considerations.
How is the Singapore-Vietnam tax treaty applied?
The Singapore-Vietnam DTA reduces withholding tax on dividends to 0% (in many cases), on interest to 10%, and on royalties to 5–10%. To claim treaty benefits, the Singapore parent must obtain a Certificate of Residence from IRAS and submit it to the Vietnamese payer.
What is the typical engagement model for a Singapore client?
Singapore clients typically have a parent-coordinator model: the Singapore head office engages us, and we liaise with the local entity. Monthly reporting is in English, with quarterly consolidation to the Singapore parent's reporting calendar.
What reporting package does a Singapore parent expect?
Singapore parents typically expect: monthly management accounts (in SGD or USD), quarterly statutory financials, the annual audit package, the TP documentation, and a quarterly compliance update. The reporting calendar is set to the Singapore fiscal year.
Get Started

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Free 30-minute consultation. We'll review your situation and outline a fixed-fee engagement.

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