Domicile Corporate Services undertakes the compliance activities that are often perceived to provide low value-add to businesses, but which also provide businesses with a high level of compliance risk.
In Vietnam, there are specific requirements for maintaining and recording transactions in a general ledgers; requirements for taxation reporting; and with the issuance of official (“red”) VAT receipts. Knowledge of such requirements are onerous and as such, we believe that Domicile Corporate Services is able to assist in easing the burden.
For regular compliance services we base our fees on a simple fixed model enabling clients to know exactly where they stand. Our monthly fees are calculated in a manner that is spread out over a year – taking into account monthly, quarterly and annual events and requirements.
Our standard monthly and ongoing compliance services package includes:
General Ledger Accounting
The core of any finance and accounting system is the general ledger, where all the accounting entries for a company are recorded. In Vietnam, there are very specific requirements for the establishment and maintenance of the Chart of Accounts, along with a myriad of other procedures.
Our general ledger compliance services include:
In Vietnam, the Chief Accountant is an individual that must review, approve and sign accounting vouchers and documents in a company. Every company must appoint a qualified Chief Accountant (ie, an individual holding a Chief Accountant Certificate) or appoint like Domicile Corporate Services which provides professional Chief Accountant services to businesses.
The role of the Chief Accountant is one which is held in high regard in Vietnam, and the position requires the appointment of someone competent, trustworthy, and with the ability to really understand your business.Read more
Vietnam taxation procedures are not only time consuming, they are opaque and constantly changing. We help remove the need for you to remain on top of all the procedures and changes that occur.
Specific taxation services include:
Human Resource & Payroll Services
The processing of payrolls for staff is not just about paying salaries. It is a far more time consuming and compliance oriented function that needs dedication and focus.
Our services include: