Statutory set-up work service in Vietnam 2024

Normally, personal tax registration for employees will be done by the income paying unit. Personal tax identification numbers are often used to carry out personal income tax refund procedures, to declare or pay taxes from transferring shares, stocks, buying and selling real estate, cars… However, many people still do not know how to register for Tax Registration, Company Registration, Labor and Employment Compliance, Licensing and Permit or Health and Safety Regulations.. In this case, you can refer to Statutory Set-up Work service from Smart Solutions For Business Company Limited (S4B Vietnam) as below.

1. Tax Registration

Tax registration is an activity in which taxpayers declare identifying information to the tax authority – basic information to distinguish them from other taxpayers. For individuals, identification information usually includes information about full name, age, occupation, address, etc. For businesses, identification information includes business name, headquarters, Address of establishments, registered business lines, business capital, legal representative…

After completing tax registration procedures, the tax authority will issue a tax code to the taxpayer. Each tax code corresponds to a unique taxpayer. This code is also the business registration code of the enterprise.

Subjects of tax registration are specified in Article 30 of the Law on Tax Administration 2019, Article 6 of Decree 126/2020/ND-CP and Circular 105/2020/TT-BTC, accordingly:

  • Tax registration subjects through the one-stop mechanism linked to enterprise registration and business registration activities in accordance with the law
  • Subjects register for tax directly at the local tax authority – where the enterprise’s headquarters is located.

With more than 17 years of experience in the accounting services industry, Smart Solutions For Business Company Limited (S4B Vietnam) understands that the most important issue in providing tax accounting services is timeliness and responsibility to customers. Customers when using Statutory Employee – Tax Registration only need to provide S4B with 2 simple information as follows: Input and output invoices; and Digital signature device for S4B to submit tax reports online, S4Bb is responsible for all documents, records, financial reports, and accounting reports made by S4B Accounting on the basis of data, Documents provided by the customer (valid invoice documents as prescribed by law);

Statutory Set-up Work service from Smart Solutions For Business Company Limited (S4B Vietnam)

2. Company Registration

Based on the Enterprise Law 2020, there are currently 05 common types of businesses in Vietnam: private enterprises, joint stock companies, partnerships, 1-member limited liability companies, 2-member limited liability companies. In principle, customers can register for one of the 5 types above.

Corresponding to each type, there will be different specific characteristics, related to binding factors such as organizational structure, ability to mobilize capital, compliance conditions, etc. Therefore, to know what is The type that is suitable for them, the owner needs to consider based on the purpose, needs, characteristics and current conditions of his business. According to professional experience from S4B, to choose the appropriate type of business, customers need to pay attention to the following factors:

  • Number of members;
  • Ability to mobilize capital;
  • Financial resources of the enterprise;
  • Responsibility for the owner’s property and legal status;
  • Conditions related to the intended business line;
  • Legal procedures and costs of establishing a business.

Doing business in Vietnam 2024

3. Labor and Employment Compliance

S4B team of labor law consultants has many years of in-depth research in the field of labor. We have given many presentations at labor law conferences and received a lot of attention and support from colleagues in the industry and customers. In labor law consulting activities, we receive many positive reviews from customers related to experience, professional knowledge, working style, diligence, and dedication to customers. With the motto of best ensuring legal safety and customer benefits, S4B provides labor law consulting and compliance services.

  • Consulting on terminating labor contracts with employees, reviewing employee benefit issues
  • Review and amend the company’s employee handbook and labor regulations
  • Managing pre-dispute labor relations (collective labor agreements, avoiding strikes/workplace shutdowns);
  • Dissemination of labor law (introduction, update of labor law, analysis, case studies, guidance);
  • Consulting on building enterprise internal control systems;
  • Consulting on resolving disputes regarding labor discipline in the form of dismissal or cases of unilateral termination of labor contracts;
  • Consulting on policies on labor, wages, social insurance, health insurance, unemployment insurance, occupational safety and hygiene, etc.
  • Consulting on building employee evaluation systems, procedures for mobilization, rotation, appointment, discipline, etc.;
  • Consulting on organizing and implementing clerical work, document drafting, and managing incoming and outgoing documents;
  • Consulting on drafting, promulgating and implementing internal rules, regulations and corporate internal management documents;
  • Consulting on conditions and procedures for recruiting and using foreign workers in Vietnam, on behalf of clients applying for Work Permits for foreigners working in Vietnam at the Department of Labor, War Invalids and Social Affairs;

Over the past many years, along with the changes in the statutory instrument, the consulting team of Smart Solutions For Business Company Limited (S4B Vietnam) has constantly researched and updated knowledge to keep up with and stay ahead of statutory set-up work in the industry. From there, we provide a comprehensive, objective labor Statutory Employee consulting service with recommendations or solutions suitable for each customer, including both domestic and foreign businesses.

S4B Vietnam

  • Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
  • Tel: + 84 24 3974 4181
  • Email: service@s4b.com.vn

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