[WEBINAR] Representative office operation in Vietnam - Risk management on operation
Time: 15th JAN 2021 | 09:30 – 11:30 AM
Practice and lessons on operating representative office in Vietnam
Properly managing when operating foreign representative offices in Vietnam not only helps your team to meet demands from the parent company but also avoid legal risks, cost-saving, competitive advantage, keep your good standing during your business in Vietnam.
We would like to share webinar practical experiences / risky cases on required compliance procedures for a representative office in Vietnam:
MANAGE RISKS IN EMPLOYMENT RELATIONS
Without working permit for expats.
Violation in registration internal labor.
Without paid medical insurance for expats.
Labor contract without proper terms and conditions.
Improper labor titles (not in line with the office scopes)
Without required employee profiles and monthly payrolls.
Violation in declare labor use and compulsory insurances.
Without annual labor reports to competent state agencies.
Without required tax completion certificate for the chief and expats.
Violation in declaration tax for expats.
Violation in receive incomes from other parties.
Violation in apply tax exemption / payable amount.
Violation in methods of tax declaration and settlement.
Violation in Lending / borrowing money from third parties.
Violation in using personal bank accounts for office payment.
Violation in transactions / activities which are not allowed for office activities.
Violation in accouting, cashbook, petty cash, invoices and records for tax inspection.
Violation in lawful invoices for some paid expenditures. Some paid amount will be recognized as benefit of employees or the chief and it is taxable.
MANAGE RISK IN OFFICE LICENSE AND OPRATION
Violation in registration and declaration new office localtion.
Fail to renew / extend the office license before the expired date.
Violation in annually operation reports to the Department of Industrial and Trade.
Violation in amending/ updating the content in the office license when there are changes from parent company.
In case of dissolution, not closure the office license completely or fail to manage the final tax settlement procedures.
Operate beyond the allowed scope of activities/ permit: Buying machines / materials / equipment… for manufacturing lines; inventory, directly create sale and profitable activities.
Register at: https://bit.ly/35aJC8c
Address: Floor 12, International Plaza Building, 343 Pham Ngu Lao Street, Pham Ngu Lao Ward, District 1, Ho Chi Minh City, Vietnam
Website: https://vivabcs.com.vn