Tax control and Advisory Services

 VAT

The conditions for deduction of input VAT:

• Time of input VAT invoices in accordance with the law

• Value of input VAT used for production of goods revenue subject to VAT

• Input VAT must be paid through bank as prescribed

• Input VAT  must be declared at the time prescribed by law

• VAT is declared and presented in accordance with the form prescibed by the current tax law

CIT

The recognition criteria of Revenue and Expense:

• Revenue has been properly recorded with the provisions of Accounting Standard No. 14 and Circular 123/2012/TT-BTC?

• Cost is considered reasonable and valid to comply with the conditions stipulated in Circular 123/2012/TT-BTC?

• CIT tax is presented in accordance with current tax law provisions?

PIT

• Determine the right person subject to personal income tax?

• Determine the right kind of income subject to personal income tax?

• Correctly identify the factors to be deducted from the personal income tax on salaries and wages:

• Reduction based on family circumstances: for themselves and their dependents;

• Reduction of insurance and other deductions as prescribed;

• Collect, correctly identify the records required  for verification to compute tax for foreigns, such as: Confirmation of global income,   double taxation avoidance agreements (if any)?

• The preferential policies for tax exemption under the provisions of the current law to reduce the difficulties for taxpayers;

• Determining the exact number of PIT tax, and presented the correct form prescribed by law?

FCT

• Determine the right entity subject to FCT

• Determine the correct type of taxable income subject  to FCT, such as: loans, contract fines, expert fee …

• Determine the exact amount of FCT payable and form prescribed by current tax law.