Initial tax return

Initial tax return :

• The process of submitting a taxpayer’s first tax return to the tax authorities. This process is usually done when a person or business is just starting a business or having to pay taxes for the first time.
• During this process, taxpayers will provide information about income, expenses, and possible deductions for taxes. Tax authorities will use this information to calculate the amount of tax to be paid.
• Initial tax returns are important to ensure that taxpayers comply with tax regulations and avoid future legal problems.

The initial tax return process includes the following steps:

1. Tax code registration: Newly established businesses need to register for a tax identification number at the tax office.
2. Registration of taxes to be paid: After having a tax code, an enterprise needs to register the taxes to be paid such as VAT, CIT, PIT, SCT… at the tax office.
3. Carrying out tax-related procedures: After registering for taxes to be paid, businesses need to carry out tax-related procedures such as making tax declarations, making registration documents, paying taxes, and implementing tax procedures. tax check now…
4. Register to use tax declaration software: Businesses need to register to use tax declaration software to be able to properly declare tax.
5. To be granted business registration certificates and business-related licenses.

Details of T&H’s initial tax service work:

1. Bank account
2. Electronic invoices
3. Digital signatures
4. Initial tax declaration procedures

• Register for an electronic tax declaration account;
• Register the accounting form and use invoices;
• Register the method of depreciation of fixed assets;
• Drafting the entire initial tax return;
• Prepare and submit the first license tax return;
• Pay license tax to the State Treasury.

However, the T&H Service needs you to provide:

1. Scan/photocopy of business license;
2. ID card/passport of the legal representative;
3. ID/passport of chief accountant.