Danang maintains favourable position as magnet for foreign-invested enterprises

Danang maintains favourable position as magnet for foreign-invested enterprises

As the central city of Danang continues to be an attractive destination for foreign-invested enterprises, the city is expected to see more scrutiny on transfer pricing from local tax authorities and rising demand for related consultation services.
Inspections against transfer pricing to be increased

Inspections against transfer pricing to be increased

Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
New decree to prevent transfer pricing, limit thin capitalisation

New decree to prevent transfer pricing, limit thin capitalisation

The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.
Reviewing MNC transfer pricing policy in line with regulations

Reviewing MNC transfer pricing policy in line with regulations

Besides a multitude of temporary supply solutions, multinational corporations (MNCs), especially those operating in China, have considered alternative production bases outside this nation in order to optimise operations as well as tax-related matters in the long run.
Unforeseeable risks in transfer pricing amid worldwide crisis

Unforeseeable risks in transfer pricing amid worldwide crisis

The ongoing pandemic has been affecting economies around the world. Under its impacts, companies have faced many business risks. Transfer pricing risks in particular may affect companies which have incurred losses during the last few months.
Scrutinising rules for transfer pricing

Scrutinising rules for transfer pricing

The implementation of the government’s Decree No.20/2017/ND-CP dated February 2017 and Circular No.41/2017/TT-BTC dated April 2017 – both effective from May 2017 and applied from the fiscal year of 2017 onwards – has raised several concerns among taxpayers regarding transfer pricing (TP) rules.
Transfer pricing focus in store for overseas-invested groups

Transfer pricing focus in store for overseas-invested groups

The extent of economic restraints caused by COVID-19 now cannot be known, but the Vietnamese economy will not grow as was estimated until recently.
Aligning transfer pricing with international norms

Aligning transfer pricing with international norms

The growth of foreign-invested enterprises (FIEs) in Vietnam has recently raised increasingly complicated tax concerns. These problems arise primarily from the practical issues of determining the transaction price between FIEs and their related parties.
Hanoi Tax Department to scrutinise transfer pricing in 2020

Hanoi Tax Department to scrutinise transfer pricing in 2020

The Hanoi Tax Department will scrutinise transfer pricing among foreign-invested enterprises in 2020, announcing it as its key task for the year.
Transfer pricing research advised

Transfer pricing research advised

As Vietnam tightens its grip on transfer pricing, firms are being advised to keep themselves posted on how to record transactions of related parties.
Grant Thornton bi-annual tax seminar in Ho Chi Minh City

Grant Thornton bi-annual tax seminar in Ho Chi Minh City

Gran Thornton Vietnam wil hold its bi-annual Business Tax and Regulation Seminar on April 16, 2019 at Lotte Legend Hotel Saigon, Ho Chi Minh City.
“Substance over form” in transfer pricing – facts and risks

“Substance over form” in transfer pricing – facts and risks

New principles for determining transfer prices in related party transactions (RPTs) were issued for transfer pricing audits and inspections. However, taxpayers applying the principle of called “substance-over-form” are facing some common circumstances and risks.
Stories Sabeco would rather forget

Stories Sabeco would rather forget

The year 2018 is going to end soon but the giant Sabeco seems to have an “unlucky” year with ghost of its past returning to haunt it.
Major loss-making foreign-invested firms to be inspected for tax compliance

Major loss-making foreign-invested firms to be inspected for tax compliance

The foreign-invested enterprises which have been running large, prolonged losses and large related-party transactions, will be inspected for tax compliance.
Expert opinion: transfer pricing not necessarily illegal activity

Expert opinion: transfer pricing not necessarily illegal activity

Experts say that transfer pricing is not an illegal activity, but fraudulent pricing and abusing transfer pricing for the purpose of tax evasion are.
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