Annual tax finalization is a “heavy-duty” job involving significant levels of both technical and non-technical issues, which can affect the taxpayers’ compliance status years after the submission of tax returns. Thus, the three-month period from January 1 to March 31 of a calendar year, which is the period of preparation and submission of Corporate Income Tax (“CIT”) and Personal Income Tax (“PIT”) finalization returns, is typically regarded as the “high season” for most accountants.
Amid this peak season, our lates infopack - "Vietnam’s Tax Finalization – Challenges and Recommendations" - that can be downloaded below, will explain why annual tax finalization involves significant challenges. It also provides a brief outline of how taxpayers can be well-prepared for tax finalization for the financial year that ended in 2019.
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