Professional tax managers always have their secrets to overcome difficulties and gain outstanding achievements in the profession.

Are you a potential candidate interested in a tax manager position? Do you expect to become a good tax manager appreciated by businesses? The information shared by Navigos Search below is what you are seeking. Stay tuned to increase your chances of becoming a leading tax manager!

1. Importance of the tax manager in business

Tax managers will be responsible for tax issues and ensure that enterprises always comply with tax laws. They can work at an enterprise that specializes in providing tax services or work for a certain company or organization. The critical role of a tax manager is reflected through following duties:

• Advice on tax issues
• Collect information and prepare periodic reports
• Provide accurate and reliable tax data
• Catch up on changes in tax law
• Make tax management plans for enterprises
• Work with third-party professionals such as attorneys, auditors, tax advisors, and financial advisors
• Assess tax sources and support business decision-making.

When having a professional tax manager, businesses will promptly and fully update tax law changes, avoid errors in tax declaration, find solutions to tax problems, and reduce costs significantly.

Tax manager plays a critical role in business

2. Enormous challenge in the tax management profession

The strong development of the digital economy, Internet, and e-commerce has caused tax managers to face many challenges, including:

• Many enterprises use websites to promote products, sell online and direct to users but do not issue sales invoices. Enterprises often collect cash for the products they sell, making it difficult for tax managers to control.
• Failure to keep up with the trends of a new business model introduced in Vietnam makes it difficult for tax managers and businesses to fall behind.
• E-commerce, retail, and fintech corporations create a closed ecosystem, including dining, travel, and entertainment. It is significantly hard to determine the sales of these units, leading to difficulties defining revenue and collecting tax.
• In the digital economy, non-cash payment methods are diverse, making it difficult for tax managers to control.
• The heavy workload makes tax managers always in a state of stress and pressure.

3. Professional tax management secrets from successful people

Accumulate thoroughly relevant experience

Any job needs expertise and experience since businesses always need people who can do the job, not ones to come to see the work. In particular, the nature of the job in the tax management profession is significantly complicated, so it requires you to have high capacity and experience.

It's most clearly reflected via a university degree majoring in Finance, Accounting, Economics, or Law, and you have to get a lot of practical experience in the tax field. Be brave to experience new things in the work you are doing as it's the best way to know if each of your decisions is reasonable. Knowing where you are wrong and actively correcting them will help you gain more experience and improve yourself to become a better version of a tax manager.

Keep improve professional knowledge 

Professional tax managers must have a deep understanding of basic concepts such as cost accounting, corporate tax, and corporate accounting. As a tax manager, you must also get the gist of tax law and the tax environment in Vietnam and make tax plans proficiently to achieve the most optimal tax efficiency for the business. You should also consider getting a CPA or a Master's degree to enhance your expertise.

Candidates need to have thorough professional knowledge

Be proficient in computer science and foreign languages

Foreign languages and computer science are the keys to success in all professions. In the tax management profession, you must be proficient in using office computer software such as Excel for calculations, Powerpoint for presentations, and some popular accounting software.

Your English skills must also be good enough to communicate with partners or members of foreign-invested companies, read and understand documents, and write financial and accounting reports handily.

Focus on crucial skills and qualities

The critical skills and qualities in the profession will be the tools for you to flexibly use your professional competence. Specifically, you must have math skills, research and analysis skills, connection skills, and the ability to work under pressure and solve problems to go further on the career advancement path.

4. Current career prospects

According to experts, the tax manager is a position with excellent job prospects. When tax policies and regulations are issued and changed daily by the government, enterprises will always need a tax manager position. That is also the reason why the demand for this position is increasing with the current average salary of VND 12-25 million per month.

Tax management career prospects are very wide

5. Top addresses to find a job as a tax manager

If you are passionate about tax management but do not know where to find a quality job reliably and quickly, come to Navigos Search - Vietnam's leading middle and high-level recruitment company.

Established in 2002, Navigos Search is the first and most optimal choice for candidates and employers because of many advantages:

• With a massive data volume of 375,000+ high-level candidates, 85,000+ senior management profiles, and 5,000,000+ recruiter accounts, our headhunter team has found jobs and hunted for talent in all fields.
• Our team of consultants has a deep understanding of each specific industry and field. Thus, we can understand the specialized recruitment needs in each industry and field.
•  The recruitment process is incredibly strict. Candidates who search for jobs or leave their CVs at Navigos Search's website will become potential candidates in Navigos Search's candidate data source. From the Client's recruitment requirements, our experts will search for suitable CVs and actively contact the candidates. After that, we will advise candidates on businesses, markets, and recruitment requirements and help them negotiate salaries.
•  The working process is stringent. We will provide your business with a list of potential candidates after thorough evaluation and accompany your unit during the process of "success after achieving the dream job" .
•  The recruitment solution is advanced, helping recruitment faster with the largest database of candidates. In addition, our consultants deeply understand the needs of each field and industry.