202. SOLUTIONS FOR DEVELOPING TAX CONSULTANCY SERVICES FOR TRADING BUSINESS ENTERPRISES AT AAGROUP CONSULTANT AUDIT COMPANY LIMITED

MINISTRY OF FINANCE ACADEMY OF FINANCE  Khuất Duy Lộc Grade: CQ54/02.02 GRADUATION THESIS TOPIC: SOLUTIONS FOR DEVELOPING TAX CONSULTANCY SERVICES FOR TRADING BUSINESS ENTERPRISES AT AAGROUP CONSULTANT AUDIT COMPANY LIMITED Major: Taxation Code: 02 SUPERVISOR: ASSOC PROF PHD VUONG THI THU HIEN HÀ NỘI – 2020 DECLARATION I hereby declare that this thesis is a report of my own research and effort and all the data, information provided in this thesis are true and based on reality Hanoi, May 25th ,2020 Thesis’s author Khuat Duy Loc ACKNOWLEDGEMENTS First of all, I would like to express my profound gratitude to my supervisor Assoc Prof Phd Vuong Thi Thu Hien who has continuously helped and encouraged me to develop the understanding of the subject I could not complete my graduation thesis without his enthusiastic instructions, advice and correction From bottom of my heart, I honestly wish him the best heath and his happiness in her life Besides, I truly appreciate the internship opportunity at the AAGROUP Auditing Consulting Co., Ltd They gave me a chance to corporate at work and to gain more not only knowledge but also experience Last but not least, I wish to express my gratitude toward my beloved parents for their passionate love and whole hearted cultivation throughout my school life Sincerely thank! CATEGORY LIST OF ABBREVIATIONS VAT : added value tax PIT : personal income tax CIT : corporate income tax AFTA : ASEAN Free Trade Area ASEAN : Association of Southeast Asian Nations GDVC : General Department of Vietnam Customs ICT : Information and Communication Technology IT : Information Technology RKC : Revised Kyoto Convention NICIS : Nigeria Integrated Customs System NCS : Nigeria Customs System DTI : Direct Trader Input WCO : World Customs Organization OIIL : The Office of Intelligence and Investigative Liaison CBP : US Customs and Border Protection LIST OF TABLES AND FIGURE Number Table name Page Table 2.1 The number of customers doing audit - Accounting - Consulting services at AAGROUP Consulting Auditing Company Limited increased over the years Table 2.2 Operating revenue of AAGROUP Auditing Consulting Company Limited 2016-2019 Table 2.3 Performance of tax obligations of AAGROUP Auditing and Table 2.4 Consulting Co., Ltd for the period of 2016 - 2019 Summary table of the number of commercial businesses doing tax advisory services at AAGROUP Auditing and Consulting Co., Ltd for the period of 2016-2019 Table 2.6 Revenue from tax advisory services for commercial enterprises over the years in total revenue Table 2.7 Revenue of tax advisory services for commercial businesses at AAGROUP Auditing and Consulting Co., Ltd during 2016-2019 Table 2.8 Turnover for each type of advisory service for commercial enterprises at AAGROUP Auditing and Consulting Co., Ltd 47 48 49 52 67 69 71 during the period of 2016-2019 Chart of revenue from tax advisory services for commercial businesses at AAGROUP Auditing and Consulting Co., Ltd during the period of 2016-2019 Figure of percentage of revenue structure of each service type for enterprises in the manufacturing sector in 2019 70 73 INTRODUCTION The necessity of the thesis Facing the current development of the market economy, in addition to foreign-invested enterprises like before, more and more Vietnamese companies such as joint stock companies as well as groups of large companies are involved wishing to use the Tax Consulting service In addition, there has been a boom in demand for assistance and guidance on tax-related procedures (from business registration procedures, tax registration procedures, invoice purchase, tax declaration and finalization) of private businesses, business owners, independent practitioners because most of these companies lack experience or not arrange staff and build Accounting - Tax division right in the company That urgent need led to the birth of a series of tax Consulting companies in our country After more than 10 years of the establishment and development of the Vietnam Tax Advisory Council, tax advisory services have become popular and play an important role in the country's socio-economic development Performing a good role as a bridge between businesses and tax authorities, business organizations providing tax consultancy services are increasing in both quantity and quality Along with the strong process of international economic integration, the tax consultancy service has been joined by foreign organizations and enterprises, signaling a strong competition in the specialized service market This business with domestic enterprises in the near future Currently, Tax Consulting is a very large array of services that businesses operating in the fields of finance, accounting and auditing are interested in Large audit firms often have a strong Tax Consulting division and annually recruit a large number of fresh graduates from the finance, accounting and tax industries With the increasing recruitment demand in the field of Tax Consulting, students will have many job opportunities after graduation such as working at big or working at about 300 auditing companies - Other Tax Consultants in Vietnam Male So what needs to be done to capture this potential audience, create their competitive advantage and contribute to the development of domestic tax consultancy? Therefore, through the process of learning and practicing students select the topic "SOLUTIONS FOR DEVELOPMENT OF TAX CONSULTANCY SERVICES FOR TRADING BUSINESS ENTERPRISES AT AAGROUP CONSULTING AUDITING CO., LTD" as the topic graduating Overview of research projects related to the dissertation topic In the world, there have been many researches on tax advisory services at enterprises as well as issues related to tax inspection and examination that tax authorities are always interested in enterprises, such as: : From January to March 2015, International Tax Review conducted a field survey in several countries in South America about "How tax services are changing" The purpose of this survey is to find out the change and strong development of Tax services in general in South American countries Thanks to this survey, researchers at the International Tax Review have found a development direction for tax services and drew a perfect picture for long-term development, a development strategy Tax services in the future European Commission (EC) (2010), Guidance on managing compliance risk in tax administration (original in English: Compliance risk management guide for tax administration) This document introduces the theoretical framework of the compliance risk management model in tax administration with basic issues such as: the taxpayer's compliance risk management environment; The basics of risk management processes such as risk identification, risk analysis, risk assessment and risk handling In particular, this document has introduced the experience of applying management risk management in tax administration and tax inspections in over 20 countries around the world with thorough descriptions of how to apply, achieved results and key issues drawn from real cases see off Muwer Sultan Khwaja, Rajul Awasthi and Jan Loeprick (2011), Inspection on the basis of risk management: Approaches and experiences of some countries (English original: risk-based audit: Approaches and countries experiences The book provides a quite comprehensive and comprehensive theoretical framework on application of risk management techniques in tax inspection, from basic concepts to analysis techniques, specific contents and processes To apply risk management to tax inspection activities, the most important things drawn from the book are useful for studying the application of risk management in tax inspection activities: (i) To improve the efficiency of application of risk management techniques, the information about taxpayers is the most important factor to get information The information must be based on information from third parties on the basis of assessing the conformity with the taxpayer's reliable declaration database; (ii) The tax inspection must be based on risk analysis is new to high efficiency; (iii) To apply risk management in effective tax inspection, it is necessary to standardize standards and requirements for enterprise accounting; (iv) It is necessary to create a comprehensive legal corridor to uniformly apply tax inspection processes and procedures; (v) Ensure timely, complete and accurate information for tax administration decisions and tax policy finalization In Vietnam today, in the context of the trend of globalization of international integration, our country participates in many international trade organizations, there are a lot of doctoral and master thesis, yearbooks, magazines related to tax consultancy services in general and tax consultancy services at enterprises in particular, which are posted on the websites of General Department of Taxation, financial magazines may include: Research paper: "Developing private tax services in Vietnam" by Master Nguyen Cam Tam, Financial Academy Article published on Finance magazine No 12/2012 The seminar "Development of electronic tax services and electronic customs services in Vietnam", held on November 8, organized by the Department of Tax and Customs (Academy of Finance), was published in the Financial Times of November / 2019 Doctoral thesis: "Developing tax services in Vietnam in the current period" by Master Nguyen Cam Tam, Academy of Finance, conducted in 2013 Master's thesis: “Studying factors affecting enterprises' satisfaction on the quality of propaganda services to support taxpayers at the Thu Duc District Tax Department HCM” by PhD student Luong Ngoc Long in 2016 Document: "Tax consulting services at Deloitte Vietnam Co., Ltd." by Deloitte Vietnam Co., Ltd implemented in 2010 The doctoral, master, scientific and research theses, articles in financial journals have provided theoretical basis for knowledge of tax advisory services in enterprises, thereby providing directions for developing tax consulting services at commercial enterprises, perfecting tools to ensure healthy 10 ... DEVELOPMENT OF TAX CONSULTANCY SERVICES FOR TRADING BUSINESS ENTERPRISES AT AAGROUP CONSULTING AUDITING CO., LTD" as the topic graduating Overview of research projects related to the dissertation topic... tax advisory services for commercial businesses at AAGROUP Auditing Consulting Co., Ltd CHAPTER OVERVIEW OF TAX ADVISION AND TAX CONSULTANCY SERVICES FOR COMMERCIAL ENTERPRISES 12 1.1 Tax advisory... cooperative relationships, partnerships, joint ventures, etc b) Definition of tax advisory and tax advisory service Taxes consultant Tax consultancy is a tax- related consultancy activity for businesses