Free download
Vietnam tax compliance checklist
The 60-point checklist we use with new clients. Covers every monthly, quarterly, and annual obligation — plus the FDI, transfer pricing, and payroll specifics that catch first-time entrants.
What's inside
Setup
- IRC and ERC on file and current
- Tax code registered
- Social insurance employer registration completed
- Bank account opened in the company's name
- Company seal registered
- Legal representative appointed (resident or non-resident)
Monthly
- Bank reconciliation completed within 10 working days of month-end
- All supplier invoices obtained in valid VAT format
- VAT return filed and VAT paid by the 20th of the following month
- PIT withholding and remittance completed by the 20th of the following month
- Social insurance monthly contribution file submitted by the 10th
- Foreign-contractor tax (FCT) declared and remitted on each payment
- Inter-company invoices raised and recorded
Quarterly
- Quarterly CIT provisional payment by the 30th of the following month
- Quarterly financial review with the advisor
- Reconciliation of management accounts to tax numbers
- FX gain/loss reviewed and recorded
Annual
- CIT finalisation return (Form 03/QTT-TNCN) filed by 31 March
- Annual financial statements (VAS) filed by 31 March
- Statutory audit completed and report filed by 31 March (where applicable)
- PIT finalisation for all employees by 31 March
- Transfer pricing Local File prepared by 31 March
- Master File prepared (where applicable) by 31 March
- Country-by-Country Report filed (where applicable)
- Dependent-allowance re-registration for PIT
- Social insurance contribution-base adjustment (1 Jan salary review)
- Work permits renewed 2–3 months before expiry
- TRC renewed within 30 days of expiry
Transfer Pricing
- Inter-company agreements in place and current
- Service-level benefit test documented
- Mark-up is arm's length (benchmarking study on file)
- Cost-sharing agreement in place (where applicable)
- Royalty agreement aligned with TP documentation
- CbCR notification filed (where applicable)
- Local File is contemporaneous (not year-end)
FDI-specific
- SBV capital contribution reported
- SBV loan drawdown and repayment reported (where applicable)
- IRC amendment filed for material changes
- Foreign-exchange transactions reported
Payroll
- Labour contracts in place and on file for all employees
- Work permits on file for all foreign employees
- Salary reviews documented
- Overtime within statutory caps
- PIT certificates issued to leavers within 30 days
- 13th-month and Tet bonuses included in the correct month
Get Started
Want us to run the checklist for you?
Our compliance health-check is the same exercise we use to onboard new clients. Book a free 30-minute consultation and we'll run it on your entity.