Summary of the focus of tax settlement services
- Tax settlement services are This service involves experts reviewing data and preparing reports on behalf of clients to determine the final tax amount for the period.
- Purpose: Ensure that data is legally accurate, optimize tax payments, and prepare explanatory documents for audits.
- Object: Businesses (corporate income), individuals (personal income), or organizations that pay income.
- Time: This is done periodically, either annually or when the business is dissolved, merged, or changes its legal form.
Updated legal documents for tax settlement
MAN experts conduct tax settlements based on a strict system of legal regulations:
- Tax Administration Law No. 38/2019/QH14: It defines all the obligations and rights of taxpayers.
- Decree 126/2020/ND-CP: Detailed instructions on filing and paying taxes.
- Decree 91/2022/ND-CP: The regulation stipulates that the provisional corporate income tax payment rate for the four quarters must not be lower than the annual tax settlement rate.
- Circular 80/2021/TT-BTC: Regulations detailing the current forms and declarations.
- Decree 123/2020/ND-CP: Regulations regarding electronic invoices and documents.
In 2027, global minimum tax regulations will significantly impact multinational corporations. This is a challenging area where in-house accountants often need assistance from professional services.
The nature and precise definition of tax settlement services.
Tax settlement It's not simply about submitting a tax return to the system. According to the Tax Administration Law No. 38/2019/QH14, this is the process of determining the actual amount of tax payable during the tax period or the period at the end of business operations.
Tax settlement services are a professional outsourcing solution. Experts will review invoices and documents and protect data before inspection teams. The difference lies in the ability to remotely identify risks and techniques for adjusting costs appropriately.
Many businesses often confuse financial statements with tax returns. Financial statements reflect results according to accounting standards, while tax returns comply with tax laws. This difference is addressed by experts through temporary and permanent adjusting entries.
The core value of tax settlement services in corporate governance.
For CEOs, tax settlement services are a shield protecting company assets. The first value is legal security. Businesses are assured that their data is based on the latest laws, eliminating worries about penalties for late filing or errors in documentation.
The next benefit is financial optimization. Tax experts help intelligently classify deductible expenses, potentially saving billions of dong in corporate income tax. This requires a thorough understanding of regulations regarding depreciation, salary expenses, and provisions.
Finally, there's the value in terms of resources. Instead of burdening management with the hassle of dealing with tax authorities, this service allows businesses to focus on their core operations. A reputable service provider will represent them in explaining matters, ensuring a quick and efficient audit process.
Entities required to file tax returns for 2027
In 2027, tax authorities will focus on high-risk groups and new business models. Identifying the right target group is the first step in preventing violations.
For businesses (Corporate Income Tax Settlement)
All businesses with taxable income must file tax returns. The following businesses need to pay special attention:
- Businesses that have related-party transactions in accordance with Decree 132/2020/ND-CP.
- Businesses that are currently enjoying tax incentives, exemptions, or reductions, or undertaking new investment projects.
- Businesses that merge, split, or dissolve during the fiscal year.
For individuals (Personal Income Tax Final Settlement)
Individuals residing in Vietnam who receive salary income must file their tax returns directly if:
- There is an additional tax payable after final settlement exceeding 50,000 VND.
- There is an overpayment of taxes, and you wish to claim a refund or offset it against your tax liability in the next period.
- Having income from two or more sources and not authorizing the paying organization to make payments on your behalf.
Key deadlines and conditions for tax settlement
Failure to submit applications by the 2027 deadline will be severely punished according to Decree 125/2020/ND-CP. Businesses need to remember the following deadlines to ensure timely implementation.
- Corporate Income Tax: No later than the last day of the third month following the end of the fiscal year (usually March 31, 2027).
- Personal income tax for organizations: The deadline, similar to corporate income tax, is March 31, 2027.
- Personal income tax for individuals who self-declare their tax return: No later than the last day of the fourth month from the end of the calendar year (May 4, 2026, due to a holiday).
The application must be in XML format according to the General Department of Taxation's standards. The tax identification number, address, and managing tax authority information must be absolutely accurate to avoid last-minute rejection by the system.
Price list for comprehensive personal income tax finalization services.
Our comprehensive personal income tax finalization service helps individuals complete their tax returns quickly, accurately, and in accordance with regulations, minimizing the risk of errors or back taxes. Depending on the complexity of the file (single income source, multiple sources, foreign income, or special cases), the cost will vary. Below is a breakdown of our services. Price list for personal income tax finalization services Please refer to the scope of work provided to help you choose the most suitable service package.
| Type of document | Implementation details | Reference price (VNĐ) |
| Basic profile (1 source) | Tax refunds or additional payments are available for individuals with a single source of income. | From 500,000 VND per application |
| Advanced Profile | Income from multiple sources, foreign income, or business ownership. | From 1,500,000 VND / application |
| Special file | Personal deductions that are complex or for foreigners (Expat). | Contact us for a separate quote. |
| Representative's explanation | I will personally engage in dialogue with the Tax Department. | According to the agreement |
Note: The fee includes document review, declaration preparation, and electronic submission via Etax.
Price list for corporate income tax finalization and financial statement preparation services.
Corporate income tax settlement and financial statement preparation services help businesses ensure compliance with regulations, optimize costs, and minimize risks during tax audits. Fees depend on the scale, number of documents, and complexity of operations such as trading, manufacturing, or related-party transactions. Below are the details. Corporate income tax settlement price list This information will help businesses easily choose the most suitable service package.
| Business Size | Operating characteristics | Service Fee (VNĐ/Year) |
| Ultra small | Fewer than 20 invoices per month, simple transactions. | From 3,000,000 / year |
| Medium and small | 20-50 invoices per month, with inventory management and accounts receivable tracking. | From 7,000,000 VND/year |
| Big trade | Over 50 invoices per month, multiple branches, numerous product codes. | From 12,000,000 VND/year |
| Manufacturing / Construction | Calculating costs, determining material and labor standards is complex. | From 15,000,000 VND/year |
| Related party transactions | Subject to submission of the appendix to Decree 132. | Additional fee: 5,000,000 |
Note: MAN conducts a free data survey before sending a final quote.
Case Study: Addressing a 5 billion VND discrepancy in interest expense at Company X
Company X in Binh Duong accounted for the entire interest expense of VND 50 billion as a deductible expense. However, the company has related-party transactions involving loans from its parent company, but its equity capital does not meet the requirements of Decree 132.
MAN experts discovered that interest expenses exceeded the 30% EBITDA ceiling. If the old tax return was submitted, the company would have 5 billion VND in expenses disallowed, equivalent to paying an additional 1 billion VND in corporate income tax and late payment penalties.
We conducted a review of the records, prepared a national report, and carried forward the interest expense to the following year. As a result, the business avoided the 20% penalty for incorrect declaration and protected its reputation with the local tax authorities.
Comparison Table: Self-Fixing vs. Hiring Professional Tax Settlement Services
Whether businesses should handle their own tax filing or hire professional services is always a crucial decision weighing costs against risks. In reality, the difference lies not only in the service price but also in legal knowledge, presentation skills, and the ability to optimize taxes. The comparison table below will help you clearly see the advantages and disadvantages of each option to make the right choice.
| Criteria | Internal accounting performed in-house. | MAN Tax Settlement Services |
| Legal knowledge | Often passive and slow to update regulations. | Updated daily by our team of experts. |
| Accountability skills | Lack of experience in conducting dialogue with inspectors. | Understanding the psychology and working style of staff members. |
| Risk of error | High due to the pressure of multitasking. | Low prices thanks to a two-tiered quality control process. |
| Cost optimization | It's rarely possible to optimize tax exemptions and deductions. | Find solutions to maximize tax reductions within the law. |
| Responsibility | When an employee leaves, the responsibility ends. | A clear compensation commitment is stipulated in the contract. |
Expert opinion: The dark pits of risk regarding tax settlements in 2027.
Businesses often make three major mistakes. First, they underestimate the importance of input invoices. The electronic system in 2027 will enable instant cross-checking, detecting invoices from businesses that have absconded within seconds.
Secondly, there's the issue of personnel records. The lack of employment contracts or incomplete registration of dependents results in payroll expenses being completely disallowed. This is a basic mistake, but it causes significant financial damage.
Thirdly, there are discrepancies between accounting records and actual inventory. Tax authorities carefully examine inventory records. If the book inventory is larger than the actual inventory without a valid explanation, the business will be subject to the highest possible VAT and corporate income tax assessments. Professional services will help with inventory checks and adjustments before an inspection.
Conclude
Tax settlement is a game of legal knowledge. In the digital age, relying on inexperienced personnel is like driving in fog without headlights. A small mistake today can become a financial burden of billions of dong tomorrow.
Tax settlement services are an investment in sustainability. MAN – Master Accountant Network is committed to supporting businesses with a network of leading experts. We provide solutions including tax settlement services, tax accounting, and in-depth management consulting. Let MAN handle your dialogue with the tax authorities with professionalism and expertise.
Service contact information at MAN – Master Accountant Network
- Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City
- Mobile/Zalo: 0903 963 163 – 0903 428 622
- Email: man@man.net.vn
Content production by: Mr. Le Hoang Tuyen – Founder & CEO MAN – Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.
Frequently Asked Questions about Tax Settlement Services
Yes. Businesses submit documents to confirm losses, which can be used as a basis for carrying forward losses to subsequent years (up to 5 years) in order to reduce taxes when they become profitable.
Yes. This is a legitimate business expense when supported by contracts and service invoices.
Yes. You can submit a supplementary tax return at any time before the tax authorities announce a decision to conduct an on-site inspection.
Yes. MAN is committed to taking responsibility for the data and compensating 100% for any penalties if the error arises on our part. Do businesses that are operating at a loss need to file a tax return?
Are the costs of hiring tax settlement services deductible?
If I discover errors after submitting the tax return, can I correct them?
Will MAN provide compensation if the figures are incorrect?
