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Personal Income Tax (PIT) is not the concern of the tax residents themselves. As the one who makes payment to its full time/ part time employees, organizations are legally bound for paying PIT on behalf of the tax resident. Therefore, PIT management and calculation is one of the important tasks involving the accounting team.

Acoording to the Decree 81/2018/ND-CP issued by the Government on May 22th 2015, the pervious Decree 37/2006/ND-CP will be sperseded. Under the new decree, commercial promotions will be provided with Subordinate Guidance to Commerce Law. However, it was not until July 15th 2018 that Decree 81 took place, requesting some significant changes as listed below:

As a business owner, in order to keep your small business in operation, you are required to fullfill various task to help it effectively run. You will face a wide range of day-to-day responsibilities; therefore, it is highly advised that you outsource the work of accounting and bookkeping to specialists. The accounting and bookkeping service for small business are one of S4B Vietnam’s key strength. Our service has been trusted by hundreds of clients, helping them to focus on managing the business and rest the numbers asured in our experts’ hands.

In Vietnam, one of the key challenges facing business owner is the ever-elvolving lanscape of requirements and standards. Therefore, experience and foresight are cruical to achieve your business’ tax objectives. As a leader of the whole organisation, it is your responsibility  for choosing the apporiate tax and accounting agency, helping your business to move forward smoothly.

For anybody who is considering a career as an accountant, luckily you have a bright future ahead. Accountants play a key role in the success of your organization. They are crucial to help their clients organize and manage one of the most important business issues – finance. In every aspect of your accounting including filling their taxes, writing financial summaries or books keeping, the accountant is the one who hold the ability to affect their business decisions.