{"id":5246,"date":"2021-11-18T20:24:27","date_gmt":"2021-11-18T11:24:27","guid":{"rendered":"https:\/\/suzuki-global.com\/?p=5246"},"modified":"2021-12-13T14:02:43","modified_gmt":"2021-12-13T05:02:43","slug":"audit-and-tax-treatment","status":"publish","type":"post","link":"https:\/\/suzuki-global.com\/en\/audit-and-tax-treatment\/","title":{"rendered":"Vietnam's financial audit, tax audit | Points to note for companies"},"content":{"rendered":"

Vietnam's accounting audit, response to tax audits, points that companies should be aware of<\/span><\/h2>\n

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2021 is approaching the end of the year, and foreign-affiliated companies are approaching audit seeds.<\/span><\/p>\n

Many foreign-affiliated companies, including Japan, set a fiscal year with the end of December as the end of the fiscal year.<\/span><\/p>\n

Foreign-affiliated companies to which accounting audits are compulsorily applied will proceed with accounting audits and tax filing within 90 days from that date.<\/span><\/p>\n

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In 2021, Vietnam was also greatly affected by the plague.<\/span><\/p>\n

In 2020, Vietnam was said to be an honor student in the world with a cumulative total of hundreds of infected people, but by the middle of 2021, thousands of people will be infected every year, mainly in Ho Chi Minh, the largest city in southern Vietnam. It has spread.<\/span><\/p>\n

First, bars, taverns, massages, and other industries where people could come into contact with each other closed their stores, and even then many factories were forced to shut down.<\/span><\/p>\n

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That's why we'll outline how auditing should be viewed by companies in such a year.<\/span><\/p>\n

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Vietnam's accounting audit, response to tax audits, precautions<\/span><\/h2>\n

Vietnam's tax authorities reduce tax revenue<\/span><\/h3>\n

Sales are expected to decline this year in many industries and companies. That means a big reduction in tax revenues for the Vietnamese tax authorities as well, and the tax authorities may scrutinize the company.<\/span><\/p>\n

In addition, various incentives, tax cuts and tax exemptions have been implemented this year due to the influence of the pandemic. As a result, it leads to a decrease in tax revenues of tax authorities. Companies need to pay more attention to compliance.<\/span><\/p>\n

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Areas of risk pointed out in tax audits<\/span><\/h3>\n

Some common areas that tax authorities are likely to point out are:<\/span><\/p>\n

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