Tax finalisation is a familiar and crucial annual task of the accounting and finance department. In addition to the mandatory compliance with the submission deadline, the declared information is also the basis for the tax authority to utilize and select subjects for audit/ inspection planning purposes. In many cases, the tax authority does not conduct audits of enterprises in years as they might have higher priority subjects based on the tax risk assessment.
On the other hand, not regularly checking and reconciling with the tax authority increases the risk of being penalized when errors or omissions arise in book keeping and tax finalisation processes. These shortcomings that have not been detected in a timely manner, existed for many years potentially lead to the risk of huge, compounding financial losses when the tax authority actually detects, penalizes, and imposes for many consecutive tax periods. In this Tax Talk, KTC will share and answer practical questions from participants according to the following contents:
• Regulations and notes on allowable expenses
• Having illegal invoices and invalid supporting documents
• Interest on loan
• Corporate income tax incentives
• Related-party transactions & price determination in these transactions
TIME AND SCHEDULE
- Location: Online via Zoom
- Time: 9:30 – 11:30. Thursday, 14 November, 2024
- Speakers:
- Ms. Thái Vân Anh (FCCA, CPA) – Partner/ Director of KTC Audit Company Limited.
- Dr. Âu Thị Nguyệt Liên, Senior Tax Expert.
- Admission fee: Free admission.
- Language: Vietnamese
(After registering, the participation link will be sent to your email on Nov 13, 2024).
SPEAKERS BACKGROUND
Ms. Thai Van Anh (FCCA, CPA), director of KTC Auditing Company Limited – City Branch. HCM has more than 20 years of experience in the field of Auditing, financial consulting, business restructuring… Ms. Van Anh has worked as an audit manager at PricewaterhouseCoopers UK – Glasgow Office for clients operating in the many fields such as manufacturing, services, restaurants, tourism, trade… She also held the position of Finance Director for several domestic and international corporations. Van Anh is a member of the Executive Committee of the Vietnam Association of Certified Public Accountants (VACPA), a veteran member of the Association of Chartered Certified Accountants (ACCA). In addition, Ms. Van Anh also participates in teaching training programs for CFOs, internal auditing and ACCA and ICAEW certifications.
Dr. Au Thi Nguyet Lien is an expert with 30 years of practical work experience in tax authorities. She is formally the Head of the Taxpayer Supporting Department of the Thua Thien Hue Tax Department; currently an independent Tax advisor and Lecturer of the Nguyen Tat Thanh University, Ho Chi Minh City. Graduated with a Master’s degree in Corporate Finance in Australia in 2007 under a scholarship from the Australian Government, and received a PhD in Tax research in 2022. Dr. Lien also participated in consulting on drafts of many policies and regulations, tax program including personal income tax since 2007 and has received scholarships from the Australian Government on transfer pricing, double taxation avoidance and international tax policy.
