Need to check each case for clarifying acts of price transfer

Need to check each case for clarifying acts of price transfer

Prof. Phan Huu Thang, former Director of Foreign Investment Department spoke with Customs News about the contribution of the FDI sector to the State budget as well as price transfer in this sector
55% of FDI enterprises report losses but increase in revenue

55% of FDI enterprises report losses but increase in revenue

VCN- The revenue growth rate of the FDI sector to the State budget in 2019 was higher than that of the two prior years.
Replacement of Decree 20/2017/ND-CP comprehensively removes difficulties inanti-transfer pricing

Replacement of Decree 20/2017/ND-CP comprehensively removes difficulties inanti-transfer pricing

VCN- The development of the decree replacing Decree 20/2017/ND-CP which will remove difficulties for businesses and help regulations in anti-transfer pricing to be consistent with relevant provisions in the Law on Tax administration 38/2019/QH14 will be implemented in the near future.
Regulations on anti-transfer pricing to be revised

Regulations on anti-transfer pricing to be revised

VCN- The Ministry of Finance has just published a draft Decree on tax administration for related – party transactions, which will comprehensively revise Decree 20 with the goal of solving difficulties for businesses and adding rules for anti-transfer pric
Direction to amend Decree 20 on anti- transfer pricing

Direction to amend Decree 20 on anti- transfer pricing

VCN- Typically, Nhat Vuong Joint Stock Company and Truong Giang Mechanical Joint Stock Company mentioned anti- transfer pricing and inspection and examination for associated transactions of tax authorities.
Need to establish inter-ministerial working group specialized in anti-transfer pricing

Need to establish inter-ministerial working group specialized in anti-transfer pricing

VCN - This is the opinion of Dr. Phan Huu Thang (pictured), former Director of Foreign Investment Department in the discussion with Customs Newspaper around the issue of production and business efficiency of FDI enterprises, against transfer pricing
Additional provisions on anti-transfer pricing

Additional provisions on anti-transfer pricing

VCN- The Taxation held a press conference introducing a number of new regulations in tax administration for businesses with related transactions.
A Steering Committee for anti-transfer pricing should be established

A Steering Committee for anti-transfer pricing should be established

VCN - the coordination of the associations with the Tax agencies will directly bring more effectiveness for anti- transfer pricing of Tax agencies.
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