Dissemination of tax law on associated transactions to 200 enterprises
On 24 November 2017, A&C Auditing and Consulting Co., Ltd. held a seminar to inform 200 enterprises in HCMC of tax policy on associated transactions and anti-transfer pricing.
Officers can have a good chance to master signs of transfer pricing, documents on transfer price control, tax management of associated transactions, sanction for violations and update of recommendations by Base Erosion and Profit Shifting (BEPS), Nguyen Thoi Anh, Head of Transfer Pricing Inspection Team of HCMC Tax Department said.
The transfer pricing by setting up prices among related enterprises inconsistent with arm's length principle causes adverse effects on business environment and decrease sources of State Budget. In Vietnam, relevant decrees and circulars are necessary to control and limit the transfer pricing for the transparency and competition improvement, he added.