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transfer pricing

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/NĐ-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market.
Guiding decrees needed to fight with transfer pricing

Guiding decrees needed to fight with transfer pricing

Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
Transfer pricing not always tax evasion

Transfer pricing not always tax evasion

The misconceptions about transfer pricing being a tax avoidance or violation in Viet Nam are creating challenges for multinational enterprises, said Adam Sitkoff, executive director of the American Chamber of Commerce in Viet Nam (Amcham).
Financial sector struggles to restructure

Financial sector struggles to restructure

Viet Nam is confronting challenges in the process of restructuring the public financial sector, Deputy Minister of Finance Do Hoang Anh Tuan said during a forum on Thursday.
PM tells authorities to investigate tax evasion

PM tells authorities to investigate tax evasion

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Finance and General Department of Taxation to study media reports on transfer pricing of FDI firms and tax policy.
Transfer pricing remains an issue

Transfer pricing remains an issue

Viet Nam’s laws about transfer pricing remain inconsistent and have many loopholes, causing great loss of State revenue, speakers said on Thursday at a meeting held in Ha Noi.
New decree a game changer for transfer pricing

New decree a game changer for transfer pricing

Viet Nam’s long-standing efforts to tackle the practice of transfer pricing as a tax avoidance ploy have gained sharper legal teeth with a new decree.
Govt combats firms tax loophole

Gov't combats firms' tax loophole

The Ministry of Finance is seeking a joint  task force of relevant ministries and agencies to combat transfer pricing under a draft decree being circulated for public comment.
Transfer pricing office opens in bid to mitigate tax fraud

Transfer pricing office opens in bid to mitigate tax fraud

The Ministry of Finance yesterday in Ha Noi announced the establishment of the Office for Transfer Pricing Inspection under the General Department of Taxation.
Viet Nam to perfect tax and customs policies

Viet Nam to perfect tax and customs policies

Viet Nam is in the process of implementing reforms in its tax and customs administration, Deputy Minister of Finance Do Hoang Anh Tuan said in a meeting here last week.
Transfer pricing inflicting heavy losses

Transfer pricing inflicting heavy losses

Appropriate policies and enhanced management capacity are critical in the fight against transfer pricing to ensure a healthy business investment environment in Viet Nam, said experts on Wednesday.
Companies urged to show transparency in tax declarations

Companies urged to show transparency in tax declarations

Businesses should be fully prepared with tax- and customs-related documents since they could receive a notice from relevant authorities at any time that their books would be audited, a taxation expert warned at a seminar held in HCM City last Friday.
State firms make windfall from sell-offs

State firms make windfall from sell-offs

The Government has been worried about State-owned corporations making losses during their withdrawal from non-core areas and been taking steps to cushion the blow, but surprisingly many of the companies have been making large profits from their divestment.
Debt collection efforts needed

Debt collection efforts needed

Deputy Prime Minister Vu Van Ninh has asked tax officials to continue designing policies that reduce the difficulties faced by businesses and promote growth in 2014.
MoF launches tax management scheme

MoF launches tax management scheme

From February 5, enterprises can negotiate and reach agreements with tax authorities over the taxable prices of their goods or services, according to a newly-released circular by the Finance Ministry on the implementation of the Advance Pricing Agreement.