MVA for more than 10 years our brand has provided reputable personal income tax  (PIT) finalization services at an extremely low cost of only 800,000 VND for the entire package in 6 working days including documents and procedures. If you are interested, you can find out more information below.

I. Correct understanding of personal income tax finalization

Personal income tax finalization is the process of calculating and paying personal income tax based on the income an individual earns in a financial year. Personal income tax is a tax that individuals must pay to the state based on the income they earn from various sources such as salary, bonuses, business profits, house rent, bank interest, and dividends. dividends, and many other sources of income. 

Currently, most workers will authorize companies and enterprises to finalize personal income tax for them. In case of failure to exercise the authorization, the employee needs to self-declare his/her personal income tax finalization.

II. MVA’s personal income tax finalization service

In order to support individuals and enterprises to carry out  personal income tax finalization procedures in accordance with the regulations of the state, MVA provides personal income tax finalization services in all 63 provinces and cities nationwide, with typical examples being mentioned. coming to Hanoi and Ho Chi Minh City.

2.1 Personal income tax finalization service fee at MVA

PIT finalization service fee for Vietnamese
Only generate income in Vietnam
The Northern region	Hanoi: 1,200,000 VND	The remaining provinces: 1,400,000 VND
Central region	Da Nang: 800,000 VND	The remaining provinces: 9,000,000 VND
Southern region	HCM city: 800,000 VND	The remaining provinces: 9,000,000 VND

Note:

The price listed on the table is the cost that MVA will prepare documents and complete personal income tax finalization procedures. If there are other problems related to registering additional dependents to reduce family circumstances or having to update chip-mounted ID cards before completing personal income tax finalization procedures, MVA will advise further before providing the service.

Next, for foreigners working and earning income in Vietnam, there will be service fees as follows:

PIT finalization service fee for foreigners
Object	Have sole income in Vietnam	Have a global income
The Northern region	2.900.000 VND	Quote depending on profile
Central region	2.400.000 VND
Southern region	2.400.000 VND

• For foreigners with only income in Vietnam, the full service fee is only 2,900,000 VND in the Northern provinces, 2,400,000 VND in the Central and Southern regions.
• In case a foreigner has a global income including in Vietnam, depending on the profile, MVA will give detailed advice and quote later.

III. How long does it take for MVA to complete personal income tax finalization procedures?

In fact, when making personal income tax finalization for customers nationwide, we need to determine whether you are eligible for a tax refund in advance or subject to inspection before personal income tax refund. From there, the time to complete the personal income tax finalization procedure will be determined as follows:

• For documents subject to tax refund, the deadline is 6 days.
• Documents checked first and tax refunded later will take 40 working days.

IV. What do you need to provide with MVA’s PIT finalization service?

To finalize PIT, customers need to provide MVA with different documents depending on the specific case. Usually the following documents will be included:

• Provide photo of CCCD/CMND card to register personal tax code;
• Dependent information (if any);
• Provide personal income tax deduction documents issued to employees by the income-paying unit;
• Income confirmation letter.
• Upon receiving all necessary documents, MVA will create a set of personal income tax finalization documents for customers in accordance with regulations

For individuals who self-finalize taxes, the dossier needs to have the following information:

• Personal income tax finalization declaration;
• Registration form for family allowance deduction for dependents (if any);
• Copies of documents proving the tax amount deducted, the tax amount temporarily paid during the year, and the tax amount paid abroad (if any);
• Copy of tax withholding certificate, clearly stating information about the income tax return filed

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In some cases, documents need to supplement the following content:

• Provide copies of bank documents confirmed by the taxpayer in accordance with foreign laws when taxes have been paid abroad.
• Provide copies of invoices and vouchers for contributions to charity, humanitarian, and study promotion funds (if any).
• Provide documents proving the amount paid from the overseas income unit/organization, Consulate or Embassy and receipt of income from abroad

V. Process of implementing MVA’s PIT finalization service

When customers choose MVA’s tax finalization service and agree to use the service, we will proceed with the work process in the following 3-step sequence:

=> Step 1: service consultation, agreement on costs, and completion time

At this step, MVA will review all documents, calculate salary costs, and determine whether personal income tax must be paid or personal income tax refunded. Finally, depending on the documents as well as the source of income that needs to be settled, MVA will provide specific advice, quotes, and time to complete the full service.

=> Step 2: MVA will complete the personal income tax finalization dossier and then submit it to the tax authority.

=> Step 3: Proceed with personal income tax finalization procedures

• On behalf of the employee, submit personal income tax finalization documents to the tax authority.
• Directly monitor the application processing process.
• Explain data to tax authorities, ensuring maximum benefits for you.

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VI. Advantages of MVA’s personal income determination service

Currently, many individuals and businesses face difficulties in implementing PIT finalization due to a lack of experience and in-depth understanding, so it takes time and causes many problems to arise. That’s why MVA’s tax settlement service was born to help customers resolve quickly to focus on economic development.

Over the past 10 years, MVA’s year-end tax finalization service has always been trusted by customers because of the following outstanding advantages:

• A team of experts with high expertise in personal income tax finalization.
• Working scientifically helps save costs and time.
• Commit to accurate data and records when submitted to tax authorities.
• MVA is directly responsible for explaining to the tax authorities when finalizing actual personal income tax.
• If an error occurs in the personal income tax finalization dossier, we will be responsible for 100% compensation.

VII. 8 cases must self-finalize personal income tax

For individuals with salary income, they must make their own personal income tax finalization with the tax authority because they are not authorized to pay the income for finalization in the following cases:

1. For individuals who have received income payments and are authorized to issue personal income tax deduction documents.
2. Individuals who work at a company have a labor contract of at least 3 months or more and are no longer working at that enterprise at the time of tax settlement.
3. Individuals who work in an enterprise for 3 months or more and have current income with no tax deduction or insufficient tax deduction.
4. Individuals working with labor contracts of 3 months or more in many places.
5. Employees with current income have tax deducted at a rate of 10%.
6. Individuals have not registered for the tax code.
7. Individuals who have tax amounts to pay or overpay should request a personal income tax refund or offset in the next tax declaration period.
8. Foreign workers who terminate their labor contracts in Vietnam must declare tax finalization with the tax authority before leaving the country.

VIII. Epilogue

Above is the information related to MVA’s personal income tax finalization service that we want to share with you. For any other information you need to know about MVA, please visit the website mva.vn or call the switchboard number 024.7109.7766 for support. Thank you!