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Update news transferring price
VietNamNet Bridge – The finance reports of the foreign invested enterprises (FIEs) in the multi-trillion dong transfer pricing affairs have all been audited by the world’s leading auditing firms. How could the experienced auditors be cheated?
VietNamNet Bridge – An old production line which had the actual value of $400,000, was declared as valued at $16 million.
VietNamNet Bridge – In Vietnam, one kilo of Oolong tea is priced at VND2-3 million, or over $100. Meanwhile, Taiwanese invested businesses in Vietnam export Oolong tea to the holding companies in Taiwan at $4 per kilo only.
Five years after setting foot in Vietnam and repeatedly declaring a loss, the developer of the tallest building in Vietnam – Keangnam Vina – has admitted its behavior of conducting the price transferring worth VND1.22 trillion.
VietNamNet Bridge – 122 foreign invested enterprises (FIEs) have been found as conducting transfer pricing and forced to pay the tax arrears of over VND200 billion.