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The services involving outsourcing chief accountant in Vietnam is one of the key professional accountancy services of S4B Vietnam. In every country, all types of company from small to big need to hire a competent accountant. Especially in the case of Vietnam, the ever-changing in requirements and policies regarding accounting and financial environment highlights the need to have a chief accountant. According to the current Vietnamese law, accounting apparatus is legally required at company level. Therefore, the chief accountant is crucial to any business. If there are no accountants and chief accountants under company’s labor contract, business should sign the contract with a credible accounting company.

Liability for income tax for a foreign person is legally determined by his or her residence status. If he or she has been residing in Vietnam for more than 182 days in a tax year, or this individual has rented a house/ apartment/ villa without proof of being tax resident under another jurisdiction within the same period, then a tax-resident of Vietnam is determined and his individual’s worldwide income is subject to Vietnamese tax. On the other hand, an individual is regarded as a tax non-resident if these above criteria are not met by this person. Therefore, only the Vietnam-sourced income is subject to Vietnamese tax.

International Financial Reporting Standards (IFRS) are global accounting standards which were passed and managed by the International Accounting Standard Board (IASB), regulating the way financial reports should be prepared and presented. Based on IFRS, Vietnam has developed Vietnamese Accounting Standards (VAS). However, there are unavoidably some notable differences between the two.

S4B Vietnam is confident to be one of the best accounting solutions providers in the country that thoroughly takes care of Vietnamese tax registration, statutory accounts preparation, financial filling, bookkeeping and consolidation. Our office located in Hanoi - the central of Hanoi administration body – can also help business owners in preparing management reporting documents. All of our works strictly comply with international accounting standards and Vietnamese governmental requirements.