Early tax planning can be significantly beneficial to your financial position.
We, Grant Thornton Vietnam, have a broad knowledge base and skills to go beyond tax compliance and provide you tax planning strategies to keep your Personal Income Tax (“PIT”) to a legitimate and reasonable level, while remaining compliant with the legislation.
Approaches and services:
Your business: Update tax benefits
Service 1: Initial meeting
- Grant Thornton’s solutions:
- Review the remuneration package to assess tax exposure;
- Arrange face-to-face meeting;
- Provide brief introduction on tax regime and mandatory insurance requirements.
Timeline: 1-2 hours.
Deliverable: Memo; Meeting.
Your business: How to achieve tax benefits under regulations
Service 2: Tax planning advisory
Grant Thornton’s solutions:
- Analyze the expatriate’s compensation structure;
- Advise on structuring of remuneration package to take maximum advantage of the exemptions and tax incentives available;
- Identify tax exposure, if any.
Timeline: 1-2 weeks.
Deliverable: Written advisory report.
Your business: Optimize tax benefits
Service 3: Tax planning implementation
Grant Thornton’s solution:
- Draft the Vietnam assignment letter;
- Guide the preparation of documentation;
- Assist in notifying tax exemption under the Avoidance of Double Taxation Agreement applicable.
Timeline: 3-6 weeks.
Deliverable: Written advisory report.
Your business: Tax clearance
Service 4: Tax clearance
- Handle tax finalization;
- Assist during tax audit;
- Obtain tax payment certificate.
Timeline: 3-8 weeks.
Deliverable:
- Annual tax finalization
- Certificate
- Meeting with authority to clarify issue
