🧾 Annual PIT Finalization Return – Form 05
(Tờ khai quyết toán thuế thu nhập cá nhân – Công ty)
💡 Understanding the Annual PIT Finalization Return (Form 05)
At the end of each fiscal year, every enterprise operating in Vietnam is required to conduct the Personal Income Tax (PIT) finalization for all employees who have earned income through the company. This process ensures full compliance with tax laws, accuracy in withheld and declared tax amounts, and protects both the employer and employees from potential legal risks.
The Form 05/QTT-TNCN is officially used to summarize total income, taxable income, deductions, and PIT paid during the year for all individuals under the company’s management.
📘 Scope of Veritas Trust’s Service
Veritas Trust provides comprehensive support for enterprises to prepare, reconcile, and submit the PIT Finalization Return (Form 05) accurately and on time.
Our service includes:
- Data Reconciliation & Review: Check employee tax records, payroll, allowances, and personal deductions.
- Tax Calculation: Compute final PIT payable or refundable based on annual income and withholdings.
- Preparation & Submission: Complete Form 05/QTT-TNCN and related appendices for submission to the Tax Department.
- Clarification Support: Represent the company in responding to tax authorities if clarification or adjustment is required.
- Employee Assistance: Prepare individual summary sheets for each employee to confirm accurate reporting.
⚠️ Common Challenges in PIT Finalization
- Mismatch between payroll and declared PIT: Differences often occur due to incorrect tax codes, unrecorded benefits, or missing deductions.
- Failure to update dependent information: Outdated records may lead to higher PIT liabilities or ineligible deductions.
- Errors in expatriate or non-resident taxation: Incorrect application of double taxation agreements (DTA) or non-resident rates.
These issues not only lead to penalties and re-assessments but may also damage the company’s compliance record with tax authorities.
💼 Benefits of Choosing Veritas Trust
- ✅ Accurate and compliant PIT reporting according to the latest Vietnamese regulations.
- 🕒 On-time filing — ensure the Form 05 submission meets statutory deadlines.
- 💰 Optimized tax efficiency — identify lawful deductions and benefits for employees.
- 🤝 Professional representation — minimize direct interaction with tax authorities.
- 📊 Transparent record management — ensure all employee tax data is well-documented and accessible.
💵 Service Fee
One-off fee: 1,686,000 VND (~68 USD)
(Excluding VAT)
Applicable for enterprises with ≤6 employees. Additional charges apply for large-scale organizations or complex multi-branch structures.
🎯 Veritas Trust – Your Reliable Partner in Corporate Tax Compliance
At Veritas Trust, we understand that tax finalization is more than just a regulatory requirement — it’s a key factor in maintaining trust, compliance, and transparency within your organization.
With our Annual PIT Finalization Return (Form 05) service, we ensure that your business fulfills all obligations with accuracy and peace of mind.
📞 0933 043 783
✉️ solution@veritastrust.net
🌐 veritastrust.net
📌 Veritas Trust – Trust Built on Truth.
