As the year draws to a close, firms will likely need to perform a stock take. With this in mind, the Vietnam Briefing runs through what firms need to do to ensure their stock take is as simple, quick, and effective as possible.
But stock takes are not always necessarily easy and straightforward. There are often small nuances in how a stock take should be performed in different business types and in different tax jurisdictions. In this light, the Vietnam Briefing looks at what foreign firms need to know about conducting a stock take in Vietnam.
1. Organize a stock take plan, including:
2. Assemble the participants
3. Perform the stock take
4. Create a stock take report
Note: The specific procedures may vary depending on the type of business and the size of the company.
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