Full-service tax accounting is becoming a strategic choice for businesses in Vietnam amidst increasingly stringent tax regulations and strong digital transformation. According to statistics from the General Department of Taxation, the number of businesses penalized for errors in tax declaration and settlement increased by 151% last year, mainly due to internal accounting systems failing to keep up with new regulations. Decree 123/2020/ND-CP good Circular 80/2021/TT-BTC.
Comprehensive tax accounting services go beyond simply bookkeeping; they also act as a protective shield, helping businesses avoid massive administrative penalties and unnecessary tax arrears. For CEOs and CFOs, finding a reliable solution provider is crucial. tax accounting Professionalism is a balancing act between optimizing operating costs and ensuring absolute legal compliance in the long term.
Summary of the key features of our comprehensive tax accounting service package.
Full-service tax accounting is a solution that delegates all accounting, tax filing, tax reporting, and tax settlement tasks to a professional external firm. This solution ensures the accuracy of accounting records and compliance with current tax laws and regulations.
This service applies to all types of businesses, from startups to multinational corporations. Businesses need it when they lack a sufficiently qualified in-house accounting department or want to save on personnel costs and minimize the risk of legal errors.
What is a full-service tax accounting service and what does it include?
In legal terms, tax accounting services A full-service package refers to tax agency or accounting services provided by organizations holding professional licenses issued by the Ministry of Finance. The service provider will act on behalf of the business to fulfill its tax obligations to the State authorities.
The job typically involves collecting and verifying the validity of input and output invoices and supporting documents. Afterward, the specialist will perform bookkeeping using specialized accounting software and prepare various types of declarations. value added tax (VAT), personal income tax (PIT) on a monthly or quarterly basis.
Finally, there is the task of preparing and implementing the annual financial statements. Corporate income tax settlement. All operations must strictly comply with the Accounting Law 2015 and its implementing guidelines to ensure that the company's records are always ready for inspections and audits.
Why should businesses care about professional tax accounting services?
The biggest risk for businesses is not paying high taxes, but rather filing incorrectly, leading to back taxes and heavy penalties. According to Decree 125/2020/ND-CP, penalties for late filing of tax returns can reach up to 25 million VND, not including additional penalties ranging from 1 to 3 times the amount of tax evaded if a violation is found.
A reputable, comprehensive tax accounting service will help businesses conduct periodic risk assessments. Failure to comply with regulations not only causes financial losses but also affects the company's reputation and credit score within the General Department of Taxation's system, making it difficult to obtain tax refunds or participate in future tenders.
Choosing a specialized firm allows businesses to access in-depth insights into optimizing costs effectively. Expenses without invoices but actually incurred will be handled skillfully within the legal framework, helping businesses optimize their cash flow.
Standardized process for implementing comprehensive tax accounting services at MAN.
To optimize efficiency and ensure transparency, the process at MAN – Master Accountant Network is carried out through rigorous steps:
- Receiving and reviewing documents: We conduct a survey of the company's accounting records and invoices from previous periods to assess the level of risk of outstanding issues.
- Collect documents periodically: The client submits the electronic invoice and paper documents (if any). MAN's experts then verify the legality and validity of each invoice code.
- Accounting and preparing tax returns: We use advanced accounting software to process data. Tax returns are sent to clients for review before submission to the tax authorities.
- Consultation and cost balancing: Each month, the expert will send a tax risk analysis report, alerting you to unreasonable expenses and advising on timely corrective actions.
- Printing and archiving of documents: At the end of the fiscal year, all accounting records and documents are printed, bound into volumes, and handed over to the business along with secure digital files for safekeeping.
Price list for comprehensive tax accounting services based on invoice size.
Cost is a key factor when CFOs consider approvals. At MAN, we are transparent. Tax accounting service price list The package price is based on the actual workload, ensuring no unexpected additional charges.
| Invoice size (monthly/quarterly) | Business type | Reference fee (VNĐ/month) |
| Under 10 invoices | Trade – Services | 1,000,000 – 1,500,000 |
| 11-30 invoices | Manufacturing – Construction | 2,000,000 – 3,500,000 |
| 31 – 100 invoices | Multidisciplinary | 4,000,000 – 6,000,000 |
| Over 100 invoices | Large scale | Agreement based on reality |
Note: The above fee includes all tax reporting, annual settlement, and periodic risk assessment consultations. Businesses are not required to pay any additional "bribes" or monthly printing fees for accounting records.
MAN – Master Accountant Network: A comprehensive solution for resolving tax issues.
MAN – Master Accountant Network is not just a service provider, but a strategic partner in risk management. We focus on addressing "sensitive" issues that in-house accountants often struggle with:
- Processing input invoices from businesses that have abandoned their business address or are temporarily suspended from operation.
- Balance the financial indicators on the report to ensure the suitability of your bank loan application or bidding profile.
- Business representatives work directly with tax authorities when explanations are required or when on-site inspections are conducted at the company's premises.
With a team of experts boasting over 30 years of experience, we understand the workings of Vietnam's centralized tax management system. This allows MAN to provide practical advice, giving business owners peace of mind to focus on their core business.
Why do corporations trust and choose MAN's services?
What sets MAN apart is its commitment and execution capabilities. We have a team of legally licensed CPAs (Certified Public Accountants) and tax consultants.
We are committed to ensuring the absolute security of our clients' data through our separate server system. Specifically, MAN is fully responsible for compensating any penalties if errors are due to mistakes made by our accounting staff. Over 500 clients have renewed their contracts and used our services over the past 5 years, a testament to the reliability and quality we provide.
Our services cover a wide area in Ho Chi Minh City (District 1, District 7, Thu Duc City), Binh Duong, Long An, and provide online support for businesses nationwide. Our understanding of local specifics facilitates smoother and faster communication with tax offices.
Case Study: Rescuing a manufacturing business in District 7 from a 2 billion VND fine.
In 2024, a packaging manufacturing client in District 7 contacted MAN after receiving a tax audit notice for the previous three years. Upon review, we discovered that the client's internal accounting system had incorrectly recorded machinery depreciation expenses and exceeded permitted material consumption limits.
MAN has done:
- Review the entire invoicing system and rebuild the technical standards table to reflect actual conditions.
- Provide a detailed explanation to the inspection team regarding the reasonableness of the incurred expenses.
- Make all necessary adjustments to your tax records before the inspection team concludes.
As a result, the amount of back taxes and penalties collected was reduced from the initial estimate of VND 2.1 billion to less than VND 150 million. The client subsequently signed a long-term, comprehensive tax accounting service contract with MAN to manage risks from the outset.
Expert analysis of common corporate tax risks in Vietnam.
From the perspective of a seasoned auditor, MAN recognizes that the biggest risk currently is the complacency of business owners regarding electronic invoicing software. The fact that an invoice has been "digitally signed" does not automatically mean it is valid for tax deduction if the business activity is fictitious or does not serve production or business purposes.
Many accountants still maintain the habit of "buying" expenses to reduce corporate income tax. This is a fatal mistake in the current Big Data era of the tax industry. Tax authorities can easily compare cash flows and input-output of numerous businesses in the supply chain.
Professional tip for CEOs: Ask your accountant to prepare a "Real Profit" report alongside the "Taxable Profit" report monthly. This helps you track your actual cash flow and anticipate tax liabilities at the end of the year, avoiding the situation of "fictitious profits but depleted cash" when tax season arrives.
Conclude
Comprehensive tax accounting services are not just an expense to optimize, but an investment in the legal security of your business. Choosing a partner with extensive experience and a high level of responsibility will help your business build a strong and transparent financial foundation before tax authorities and business partners.
Let MAN – Master Accountant Network be your partner in managing risks and optimizing benefits from tax policies. We are proud to be a trusted partner providing leading solutions in tax accounting, tax consulting, tax settlement, and tax reporting in Vietnam.
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 full package tax accounting services
At MAN, we are committed to taking legal responsibility and compensating 100% for any penalties incurred due to accounting errors or misreporting by MAN's accounting staff.
In fact, external services like MAN are often more specialized and always up-to-date with the latest regulations. Because we work independently, we accurately reflect the financial situation, helping business owners avoid risks caused by in-house accountants making mistakes or leaving unexpectedly.
We always discuss and revise the pricing if the business expands significantly. However, minor changes in monthly invoice amounts will not result in additional charges.
It is essential. Even without invoices, businesses must still submit a blank tax return and follow the initial tax declaration procedures as required to avoid having their tax identification number suspended.
We use specialized licensed software for accounting purposes for our clients. Businesses can access the system to view reports quickly at any time without needing to purchase additional software licenses.
The transfer and review process typically takes 3 to 5 business days to ensure continuity and uninterrupted filing periods. Does a full-service tax accounting firm get liable if the business is penalized?
Is using external accounting services safer than having an in-house accountant?
Does the service fee change when the number of invoices increases dramatically?
Do newly established businesses that don't yet have invoices need to hire a service?
Does MAN provide accounting software for businesses?
How long does the process of switching from in-house accounting to MAN services take?
