After establishing a company with a business registration certificate, the business needs to complete a number of additional procedures in accordance with the law so that the business can operate smoothly and in the best possible way. 

Some tasks that must be done according to the provisions of the Enterprise Law 2020 after obtaining a business registration certificate are as follows:

1. SUBMIT LICENSE TAX DECLARATION AND PAY LEGAL TAX

License fee exemption for businesses established in 2022: Faced with the complicated developments of the covid epidemic, the Vietnamese Government has had a policy of exempting license tax for the first year of establishment for newly established companies from 2020 to Encourage businesses to enter the market during this difficult period. According to the provisions of Decree 22/2020/ND-CP amending and supplementing a number of articles of Decree 139/2016/ND-CP effective from February 25, 2020. Therefore, companies/enterprises newly established in 2022 will be exempt from license fees (taxes), however, businesses still have to declare and submit license tax declarations.

Time to declare license fees and submit declarations: Fee payers have just started production, business or newly established activities; Small and medium-sized enterprises converting from business households must declare license fees and submit the declaration to the tax authority directly managing them before January 30 of the year following the new year of production and business activities or newly established.

2. OPEN A COMPANY BANK ACCOUNT

This procedure is conducted by the legal representative of the enterprise. Documents to prepare for opening a bank account include:

- 01 notarized copy of "Business registration certificate";

- 01 notarized copy of "ID card" of the legal representative stated on the license;

- 01 copy of the company charter.

In 2022, businesses do not need to announce seal samples according to the provisions of the Enterprise Law 2020. However, many banks will not update this content, so you need to pay attention and discuss this content to comply. Presents the easiest account opening procedure.

From May 1, 2021, when Circular 01/2021/TT-BKHDT guiding on business registration takes effect, there will no longer be a bank account declaration form with the Business Registration Office - Department of Accounting. Planning and Investment. Therefore, it is understood that from May 1, 2021, after opening an account, businesses do not have to carry out the procedure to declare the bank account number of the newly opened business with the Business Registration Office - Department of Planning. and Investment.

3. REGISTER FOR DIGITAL SIGNATURE FOR ELECTRONIC TAX PAYMENT AND TAX REPORTING VIA THE INTERNET

Register for electronic tax payment from a bank where the business has registered to open an account.

Currently, for customers establishing a business/company in Hanoi, they can apply for an account number right in the business/company registration application and will not have to open an account. and notify the bank account according to the next instructions. It can be said that Hanoi is a pioneer in supporting businesses and utilities for businesses when carrying out procedures to establish a business/company in Hanoi. However, currently the number of banks that can register online accounts for businesses is limited, so businesses have few options.

4. MAKE AND HANG COMPANY SIGNS AT HEAD OFFICE

Enterprises are required to hang a company sign at their headquarters with the following contents: Name of the managing agency (the agency that issues the Business Registration Certificate, i.e. the Department of Planning and Investment), company name, address Head office, phone number or email (if any).

5. BUY ELECTRONIC DIGITAL SIGNATURE TO IMPLEMENT ELECTRONIC TAX PAYMENT

CPA HCM will advise customers on preferential digital signature usage fees and the best support services.

6. PROPOSAL FOR ISSUANCE OF ELECTRONIC INVOICES

Dossier requesting issuance of electronic invoices submitted online includes: Decision to issue invoices, Invoice form.

After submitting the application to order invoice printing within 2-3 days, the tax authority will evaluate the application to consider approval or not? (In addition, there are some Tax Departments that require original documents to be submitted online. Tax authorities can check the headquarters address before or after making a decision to approve the issuance of invoices, Inspections can be scheduled or unscheduled, so businesses need to arrange to have personnel on duty at the Office during the time of submitting invoice issuance documents).

According to the provisions of Article 60 of Decree 123/2020/ND-CP, enterprises and economic organizations have announced the issuance of pre-printed invoices, self-printed invoices, electronic invoices without tax authority codes or have If you have registered to use an electronic invoice with a tax authority code and purchased an invoice from the tax authority before October 19, 2020, you can continue to use it until June 30, 2022. Accordingly, in early 2022, it is not mandatory to use electronic invoices, but only requires businesses to use electronic invoices from July 1, 2022. Thus, businesses and economic organizations can still use paper invoices until June 30, 2022 if they were issued before October 19, 2020. However, according to Decision No. 1417/QD-TCT dated September 27, 2021 of the General Department of Taxation on promulgating a plan to deploy electronic invoices in 6 provinces and cities: Hanoi, Ho Chi Minh City Minh, Hai Phong, Quang Ninh, Binh Dinh, Phu Tho from November 2021 to March 2022. Therefore, in 2022, businesses established in the provinces of Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Binh Dinh, and Phu Tho are required to issue electronic invoices.

Procedures for registering to use electronic invoices with or without code are as follows:

- Declaration for registration/change of information on use of electronic invoices according to form 01;

- Individuals/organizations access the Electronic Information Portal of the General Department of Taxation to register to use electronic invoices with the tax authority's code.

Contents that need to be prepared when the tax authority comes to inspect to issue VAT invoices.

+ Hang signs at headquarters;

+ Tenancy; ID card + household registration of the homeowner;

+ Certificate of land use rights (notarized copy);

+ Business registration certificate;

+ Seal of the enterprise;

+ Arrange the office to show that the business is active;

+ Employee/Legal representative to receive tax agency representatives.

+ Free consultation on all legal procedures arising during operations.

 7. ACCOUNTING BOOKS AND REGULAR TAX DECLARATION

+ Record, print and store monthly accounting books.

+ Prepare accounting documents: Import, export, revenue, expenditure.

+ Every month, quarter, and year, the company needs to declare taxes fully and on time: Value Added Tax, Personal Income Tax, Corporate Income Tax, License Fees, and other arising taxes. other.

+ Prepare financial reports and annual tax settlement.

Above are the tasks that must be done after establishing a business. Customers who want to learn more about business establishment services should contact CPA HCM for advice and support..