September 21, 2020 | 19:16
The COVID-19 pandemic has created unprecedented uncertainty and significant operational challenges for many middle market businesses. As this situation continues to evolve, organisations should continuously re-evaluate and reassess their systems and processes for adapting to this new environment, mitigating risk and minimising negative impacts.
It is difficult to imagine a more brutal series of circumstances than those that have assailed the tourism and hospitality industry as a direct result of COVID-19 – being forced to close the doors, stand staff down, face restrictions on how you can operate, and essentially be helpless as you watch your business crumble.
By Le Khanh Lam
June 15, 2020 | 14:57
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.
By Le Khanh Lam
May 04, 2020 | 08:00
The traditional role of internal auditing in Vietnamese companies only focuses on financial estimations and monitoring of the internal control system. However, in recent years, its role and influence has been increasingly enhanced in contributing to risk management activities and improving value. Therefore, it is very important to assess the effectiveness of internal auditing.
February 17, 2020 | 09:07
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.
January 21, 2020 | 17:22
In the context of the Organisation for Economic Cooperation and Development (OECD)/G20 Base Erosion and Profit Shifting (BEPS) project, the 15 final actions were published to equip governments with domestic and international rules and instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating the profits are performed and where value is created.
August 12, 2019 | 08:51
As cross-border mergers and acquisitions in the country continue to rise, Vietnamese companies are now more astute in dealing with overseas investors thanks to help from professional advisors. Lam Le, partner at RSM Vietnam, shared his consulting experiences with VIR’s Nam Phuong.
By Nam Phuong
July 29, 2019 | 17:05
As Vietnam tightens its grip on transfer pricing, firms are being advised to keep themselves posted on how to record transactions of related parties.
June 17, 2019 | 08:57
"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."
By Nam Phuong
June 03, 2019 | 09:57
Vietnam is well on its way to adopting the International Financial Reporting Standards to promote transparency, but vast differences between these standards and the Vietnam Accounting Standards may pose a challenge to domestic businesses.