Early tax planning can be significantly beneficial to your financial position.

We, Grant Thornton Vietnam, have a broad knowledge base and skills to go beyond tax compliance and provide you tax planning strategies to keep your Personal Income Tax (“PIT”) to a legitimate and reasonable level, while remaining compliant with the legislation.

Approaches and services:

Your business: Update tax benefits

Service 1: Initial meeting

• Grant Thornton’s solutions:
• Review the remuneration package to assess tax exposure;
• Arrange face-to-face meeting;
• Provide brief introduction on tax regime and mandatory insurance requirements.

Timeline: 1-2 hours. Deliverable: Memo; Meeting.

Your business: How to achieve tax benefits under regulations

Service 2: Tax planning advisory

Grant Thornton’s solutions:

• Analyze the expatriate’s compensation structure;
• Advise on structuring of remuneration package to take maximum advantage of the exemptions and tax incentives available;
• Identify tax exposure, if any.

Timeline: 1-2 weeks. Deliverable: Written advisory report.

Your business: Optimize tax benefits

Service 3: Tax planning implementation

Grant Thornton’s solution:

• Draft the Vietnam assignment letter;
• Guide the preparation of documentation;
• Assist in notifying tax exemption under the Avoidance of Double Taxation Agreement applicable.

Timeline: 3-6 weeks. Deliverable: Written advisory report.

Your business: Tax clearance

Service 4: Tax clearance

• Handle tax finalization;
• Assist during tax audit;
• Obtain tax payment certificate.

Timeline: 3-8 weeks. Deliverable:

• Annual tax finalization
• Certificate
• Meeting with authority to clarify issue