Are you looking for a provider of year-end financial statement services for your business? With a team of professional accounting specialists, TinLaw guarantees fast and accurate financial statement preparation. Read the article below to learn more about TinLaw’s services!
Pricing for year-end financial statement services at TinLaw
Below is the latest pricing table for year-end financial statement services offered by TinLaw. Take a look!
| Business sectors | Invoice (Invoice volume/month) | Service fees |
| Trade – Services | 5 to 10 | Starting from VND 800,000 |
| 11 to 30 | Starting from VND 1,800,000 | |
| 31 to 50 | Starting from VND 3,300,000 | |
| 51 to 80 | Starting from VND 4,300,000 | |
| Over 80 | Contact us | |
| Manufacturing – Processing – Transportation – Restaurants – Hotels – Tourism | 5 to 10 | Starting from VND 1,300,000 |
| 11 to 30 | Starting from VND 2,100,000 | |
| 31 to 50 | Starting from VND 3,600,000 | |
| 51 to 80 | Starting from VND 4,800,000 | |
| Over 80 | Contact us | |
| Construction | 5 to 10 | Starting from VND 1,400,000 |
| 11 to 30 | Starting from VND 2,500,000 | |
| 31 to 50 | Starting from VND 3,800,000 | |
| 51 to 80 | Starting from VND 5,300,000 | |
| Over 80 | Contact us |
Note: The pricing table for financial statement preparation services provided above is for reference only. For accurate service pricing and consultation, please contact TinLaw directly!
Documents required for TinLaw’s financial statement services
When choosing TinLaw’s financial statement preparation services, businesses need to provide the following documents:
- Input and output VAT invoices for the reporting year
- Payroll and employee identification information
- Bank account statements for the reporting year
- Balance sheet for the previous fiscal year
Documents required for TinLaw’s financial statement services
Note: If the business was established during the reporting year, the previous year’s balance sheet is not required.
Term for submitting financial statements in 2025 and penalties
Submitting financial statements on time is a mandatory obligation for businesses to comply with legal regulations and avoid penalties. Below is detailed information on submission terms and applicable fines for late submission.
Terms for submitting financial statements in 2025
The terms for submitting financial statements in 2024 vary depending on the type of enterprise:
➤ State-owned enterprises:
- Accounting units must submit their annual financial statements no later than 30 days after the end of the fiscal year.
- For parent companies and state-owned corporations, the term is 90 days.
Example: If the fiscal year 2023 runs from January 1, 2023, to December 31, 2023, the submission term for financial statements for 2023 is January 30, 2024. For parent companies and state-owned corporations, the term is March 30, 2024.
➤ Other types of enterprises:
- Accounting units, including private enterprises and partnerships, must submit their annual financial statements no later than 30 days after the end of the fiscal year.
- For other types of accounting units, the term is 90 days.
Example: If the fiscal year 2023 runs from January 1, 2023, to December 31, 2023, the submission term for private enterprises and partnerships is January 30, 2024, while for other enterprises, it is March 30, 2024.
➤ Small and Medium Enterprises (SMEs):
- SMEs must prepare and submit their annual financial statements no later than 90 days after the end of the fiscal year.
Example: If the fiscal year 2023 runs from January 1, 2023, to December 31, 2023, the submission term for SMEs is March 30, 2024.
Penalties for late submission of year-end financial statements
According to Article 12 of Decree No. 41/2018/ND-CP, violations related to the submission and disclosure of financial statements are subject to penalties as follows:
➤ Fines ranging from VND 5,000,000 to VND 10,000,000 for the following acts:
- Submitting financial statements less than three months late from the prescribed term.
- Disclosing financial statements less than three months late from the prescribed term.
➤ Fines ranging from VND 10,000,000 to VND 20,000,000 ** for the following acts:
- Disclosing financial statements with incomplete content as required by regulations.
- Submitting financial statements without attaching the required audit report (in cases where auditing is mandatory).
- Submitting financial statements three months late or more from the prescribed term.
- Disclosing financial statements three months late or more, or without attaching the required audit report.
➤ Fines ranging from VND 20,000,000 to VND 30,000,000 for the following acts:
- Disclosing financial statements with false information or data.
- Providing financial statements with inconsistent data within the same accounting period.
➤ Fines ranging from VND 40,000,000 to VND 50,000,000 for the following acts:
- Failing to submit financial statements.
- Failing to disclose financial statements as required.
➤ Remedial measures: Entities will be required to submit and disclose financial statements along with the necessary audit report if regulations were not properly followed.
Penalties for late submission of year-end financial statements
In summary, penalties for late or non-submission of financial statements for 2024 will be applied as follows:
| Violation | Penalty range |
| Submitting financial statements less than three months late | VND 5,000,000 – 10,000,000 |
| Submitting financial statements three months late or more | VND 10,000,000 – 20,000,000 |
| Failing to submit financial statements | VND 40,000,000 – 50,000,000 |
Adhering to regulations regarding the submission and disclosure of financial statements helps businesses avoid severe penalties while promoting transparency and credibility in operations. Timely submission of financial statements is essential to protect your company’s rights and reputation!
Responsibilities of TinLaw in providing financial statement services
When using TinLaw’s financial statement services, businesses receive comprehensive support. TinLaw’s specific responsibilities include:
- Receiving, categorizing, organizing, and verifying the validity of documents and invoices to ensure compliance.
- Reviewing VAT declarations and personal income tax (PIT) deductions on a monthly or quarterly basis.
- Preparing and submitting corporate income tax finalization declarations.
- Preparing and submitting personal income tax finalization declarations.
- Preparing and submitting financial statements on time.
- Printing financial statements and exporting accounting books in PDF and Excel formats for company records.
- Providing data and coordinating with independent audit firms during financial statement audits.
- Advising on expense management to optimize costs and reduce taxable amounts.
Responsibilities of TinLaw in providing financial statement services
Additionally, clients using TinLaw’s comprehensive accounting services are eligible for free financial statement preparation.
Benefits of using financial statement services at TinLaw
Are you looking for a reliable accounting firm to handle your financial statements? TinLaw is the perfect choice for you. By choosing our services, you gain the following benefits:
- Always prioritizing client interests, TinLaw is committed to providing the best solutions for your business.
- No additional costs beyond the agreed service package, ensuring transparency and clarity.
- Absolute confidentiality of your company’s information, protecting client rights and data.
- Document and record collection services directly at your premises, saving time and eliminating the need for travel or waiting.
- Strict compliance with current Accounting Laws, ensuring legality and adherence to regulations.
- No coercion to use additional services for profit; TinLaw maintains transparency and fairness in all transactions.
Benefits of using financial statement services at TinLaw
With a dedication to professionalism and client satisfaction, TinLaw is committed to providing businesses with peace of mind and exceptional service.
Frequently asked questions about financial statement services
Below are some frequently asked questions that you may encounter when using financial statement services. Don’t miss out!
What does the year-end financial statement include?
The year-end financial statement includes the balance sheet, income statement, cash flow statement, account balance sheet, and notes to the financial statements.
What is the term for submitting the 2024 year-end financial statement?
To avoid penalties for late submission, which can reach up to VND 20,000,000, you must ensure that your financial statements are submitted no later than the 90th day after the end of the fiscal/calendar year.
What is the cost of financial statement services at TinLaw?
The cost of year-end financial statement services at TinLaw ranges from VND 800,000 to 5,300,000, depending on the industry sector. For the most accurate pricing, please contact TinLaw via the hotline at 1900 633 306 today!
Why should businesses hire financial statement services?
Businesses that are small, medium, or micro-sized, experiencing accounting staff turnover, or whose accountants lack experience in preparing financial statements should consider using TinLaw’s financial statement services. Reasons include:
- Maximizing cost savings compared to hiring in-house accountants.
- Receiving detailed tax cost advice for calculating CIT quickly;
- Ensuring timely submission of financial statements, with TinLaw assuming full responsibility for the accuracy of the data;
- Achieving clear and accurate accounting data, thanks to TinLaw’s skilled accounting team.
Conclusion
The above outlines TinLaw’s year-end financial statement services. With an experienced team of accountants, we are committed to delivering the best service to our clients. Don’t hesitate—contact TinLaw today for fast and professional financial statement support!
