16.10.2009
Transfer Pricing
Transfer pricing adjustments in tax holiday years can result in Vietnamese corporate tax liability
Recent official letters (OLs) issued by Vietnam's Ministry of Finance have illustrated the ability of the Vietnamese General Department of Taxation (GDT) to levy corporate income tax on tax adjustments resulting from tax audits of tax holiday and tax incentive years. Although the tax adjustments described in the OLs are not clearly labeled as transfer pricing tax audit adjustments, the principles used to levy tax in such years apply equally to TP adjustments. Read more