KEY OUTSOURCING COMPLIANCE TASKS FOR A FOREIGN REPRESENTATIVE OFFICE IN VIETNAM

Professional Services for Representative Office:

On a monthly basis:

– Maintenance of the Cash-In-Bank Book and Petty-Cash-On-Hand Book.

– Preparation of payroll calculations for employees each month.

– Calculation and registration of compulsory social insurance payments to be paid by both the employer and employee, ensuring compliance with relevant regulations.

– Advice provided regarding compulsory social insurance payment.

– Preparation and submission of Personal Income Tax (PIT) declarations to tax authority.

– Advice given on PIT payment methods.

– Registration of tax codes for employees and their dependents.

– Calculation and advice given on Trade Union contributions.

On a yearly basis:

– Preparation and submission of a statutory report on the Representative Office’s activities for the previous year to competent authority.

– Preparation and submission of a statutory report on labor usage (for both local employees and expats) at the end of the first and second half of each year.

– Prepare and submit the annual PIT Finalization to tax authority.