From 2026, tax authorities will simultaneously implement a series of extensive tax management measures, from controlling invoices, documents, business data to analyzing a wide range of taxpayer indicators.
Based on this trend and the regulations that have come into effect, VIVA Business Consulting would like to note and propose fundamental solutions to help comply with and save tax costs for 2026, identify and prevent risks before they can occur.
TAX PLANNING:
For typical taxes, methods of calculation and declaration
- VAT.
- CIT.
- PIT.
- Contractor tax.
- Capital transfer tax.
- Excise tax and taxes according to industry characteristics.
STRENGTHEN PURCHASING INVOICES MANAGEMENT
Purchasing invoices help save value-added tax, personal income tax, and corporate income tax.
Strengthen the collection of e-invoices for each expense related to business activities:
- Expenses for domestic and foreign business trip allowances for business leaders, experts, senior managers, etc.
- Regular expenses, welfare for employees: Gasoline, telephone, stationery, meals, uniforms, accommodation…
- Logistics, transportation, tools, equipment for offices, factories…
- At the same time, businesses also need to complete internal regulations, financial regulations on per diem allowances – welfare for employees, experts, etc.
Understanding and applying the regulations on e-invoices from local suppliers:
- Expenses for the purchase of goods and services using invoices generated from cash registers are determined as expenses with sufficient lawful invoices and documents when determining tax obligations.
- Invoices printed from cash registers connected to electronic data transfer with tax authorities or copied invoices or looked up information from the web portal of the General Department of Taxation on invoices.
- The seller sends the e-invoice to the buyer in electronic form (SMS, email and other forms) or provides a link or QR code for the buyer to look up and download the e-invoice.
Implement a dedicated software to manage the purchasing invoices:
- Automatically collect all input invoices from sources on a monthly and quarterly basis.
- Review and appraise the legality, reasonableness and validity of input invoices and the legal status of suppliers.
- Automatically archive and provide all kinds of tax reports, submitted financial statements of the business.
- Automatically update and compare the tax status of enterprises with state agencies according to each type of tax, including declared – incurred – paid – still payable.
- Real time online data 27/7.
These tax management activities will help you not only save tax costs for many years but also help prevent risks and remail your business credibility.
Please contact our experts to develop an optimal tax management and tax planning plan.
