Periodic Tax Declaration Consulting Service

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The periodic tax declaration consulting service is a support and advisory service designed to address difficulties and challenges related to fulfilling tax declaration obligations for individuals and businesses. Not only does it simplify the process of tax declaration, but this service also aids in understanding tax regulations and minimizing potential legal risks. Below is detailed information provided by Long Phan regarding the periodic tax declaration consulting service, please feel free to refer.

Expert advisory service for periodic tax declarationExpert advisory service for periodic tax declaration

What is periodic tax declaration advisory?

Periodic tax declaration advisory is a service provided by tax consultants to assist businesses and individuals in the preparation and submission of periodic tax returns.

This involves advising on current tax rules and regulations, helping clients adhere to the requirements of tax authorities, specifically including the following:

  • Tax consultants review the client’s financial situation to ensure that all transactions and figures are accurately and comprehensively recorded.
  • Assistance in collecting and preparing necessary documents for tax filing, including invoices, payroll, and other financial documents.
  • Ensuring the validity of documents and figures to avoid common errors that could lead to tax issues.
  • Properly identifying the applicable tax rates for each type of income and transaction, accurately categorizing them.
  • Advising on strategies and methods to reasonably minimize the amount of tax payable, optimizing tax benefits for clients.
  • Providing support in filing periodic tax returns, including checking and monitoring processing status from the tax authorities.
  • Offering information on changes in tax regulations, new tax provisions, and advice on adapting to these changes.

This service ensures that clients comply with tax laws, minimizes the risk of tax disputes, and optimizes tax benefits in their business operations or personal financial management.

Business tax declaration periods

The tax declaration periods for businesses are outlined as follows:

Firstly, the declaration of business license tax:

  • The latest submission deadline is January 30th annually.
  • In cases where a business is newly engaged in production or established a business establishment, the latest deadline for business license tax submission is the last day of the deadline for submitting the fee declaration dossier.

Secondly, the declaration of corporate income tax:

  • Deadline for submitting provisional corporate income tax quarterly: no later than the last day of the month of the next quarter incurring tax obligations.
  • Deadline for submitting the annual tax finalization dossier: no later than the last day of the third month from the end of the calendar year or fiscal year.

Thirdly, the declaration of value-added tax:

  • Monthly value-added tax declaration deadline: no later than the 20th day of the following month of the incurring month.
  • Quarterly value-added tax declaration deadline: no later than the 30th day of the next quarter after the quarter incurring tax obligations.

Fourthly, the declaration of special consumption tax:

  • For monthly declarations: no later than the 20th day of the following month.
  • For each occurrence: within a 10-day period from the date of tax obligation occurrence.

Benefits of periodic tax declaration consulting services for businesses

The advantages of receiving periodic tax declaration consulting services for businesses from experts extend beyond a firm understanding of legal regulations, bringing the following key benefits:

  • In-depth Tax Knowledge: Tax consultants with profound knowledge of the tax system assist businesses in understanding their rights and tax obligations thoroughly. This helps prevent errors during the tax declaration process.
  • Comprehensive Assessment: Consultants possess the ability to comprehensively assess a business’s tax accounting situation, providing optimal solutions to minimize risks and unnecessary costs.
  • Risk Identification: Tax consultants aid businesses in identifying potential risks in the tax declaration process. This enables companies to prepare for and implement preventive measures, reducing negative impacts on business operations.
  • Specific Solutions: Consultants can propose specific solutions to address complex issues related to tax declaration. This assists businesses in making informed and flexible decisions.
  • Time and Effort Savings: Having expert support allows businesses to save time and effort, enabling them to focus on core business activities without worrying about tax-related issues.

These benefits not only help businesses maintain legal compliance but also enhance efficiency and effectiveness in financial and tax management.

Benefits of consulting with experts on periodic tax declarationBenefits of consulting with experts on periodic tax declaration

Guidance on periodic tax declaration for businesses

Consulting to resolve periodic tax declaration issues

Periodic tax declaration consulting services serve as more than just a useful tool for ensuring tax compliance; they also bring numerous significant benefits to optimize financial management and foster sustainable development. The scope of this service includes:

  • Identifying the tax declaration requirements of the business to understand periodic tax declaration needs, tax types, deadlines, forms, and necessary documents.
  • Checking and preparing necessary documents to ensure the entire periodic tax declaration process is conducted correctly.
  • Collecting information about income, expenses, deductions, and other tax-related factors.
  • Addressing legal issues related to periodic tax declaration to ensure the accuracy and correctness of tax reports, complying with requirements related to storage and security of tax information.
  • Optimizing tax settlements.
  • Staying updated on the latest tax policies, tax incentives, and other tax deduction policies to minimize costs and increase profitability.
  • Providing in-depth consultation and addressing inquiries.

Tax situation evaluation, inspection and analysis

  • Reviewing accounting records related to taxes to ensure completeness and accuracy.
  • Examining documents such as invoices, expenditure receipts, payroll, and other tax-related documents.
  • Auditing the accounting methods used to assess compliance with tax laws.
  • Evaluating how the business handles tax transactions.
  • Analyzing tax-related accounts in the balance sheet.
  • Verifying consistency and identifying any gaps or errors.
  • Assessing the monthly, quarterly, and annual tax obligations of the business to ensure accuracy and completeness.
  • Checking submission deadlines and ensuring the business complies with tax authority timeframes.
  • Comparing the taxes paid with current tax policies and regulations to ensure compliance.
  • Identifying tax-related risks and proposing risk mitigation measures.
  • Generating detailed reports on the business’s tax accounting status.
  • Reviewing expenses considered as tax deductions to ensure reasonableness and compliance with tax regulations.

Assessment and analysis of tax situationAssessment and analysis of tax situation

Support and consultation for performance enhancement (Utilizing regulations to minimize taxes)

  • Identify and analyze expenses eligible for tax deduction to maximize tax benefits.
  • Examine opportunities to enhance tax-deductible expenses.
  • Research and apply preferential tax policies and regulations to reduce tax liabilities.
  • Review and apply available tax incentives to minimize payable taxes.
  • Identify programs and tax policies that the business can take advantage of.

Consultation on other tax-related issues

  • Developing a tax strategy aligned with the business’s objectives.
  • Proposing adjustments to the tax structure to reduce tax liabilities.
  • Reviewing the current tax structure of the business to ensure optimal tax benefits.
  • Advising the business on managing tax strategy and integrating it into the overall business strategy.
  • Establishing a long-term strategic tax plan to ensure optimal tax benefits.
  • Evaluating and adjusting tax plans based on changes in the business environment.
  • Recommending improvements and solutions to optimize tax management.

How we provide consultation

Phone consultation

For a quick and convenient consultation on periodic tax filing, customers can contact Long Phan via the hotline at 0906.735.386. Our team of expert consultants is ready to provide effective solutions.

Other consultation methods

Depending on your specific needs, you can reach out to Long Phan through various channels:

  • Email: info@longphanpmt.com
  • Facebook: Long Phan Investment Consulting Company Limited
  • Zalo: 0906.735.386
  • Company Headquarters: TM7 Commercial Lot, Lavita Garden Apartment, 17 Street No. 3, Truong Tho Ward, Thu Duc City, Ho Chi Minh City

Currently, periodic tax filing is not only a legal responsibility but also a crucial factor in determining the financial stability of businesses and individuals. Our periodic tax filing consultation service aims to optimize the filing process and alleviate the burden for clients. If you have any questions or need expert advice on periodic tax filing, please feel free to contact us via the hotline: 0906.735.386 for timely assistance.

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