Transfer pricing among FDI firms in Vietnam at alarming rate: State Audit
While FDI firms continue to report losses, they keep expanding operations in the country.
While FDI firms continue to report losses, they keep expanding operations in the country.
Tax revenue in May suffered a sharp plunge of 36.9% year-on-year to VND58 trillion (US$2.52 billion).
Head of Bac Ninh province Taxation Department said the information published on Japanese media could not be verified until the CEO of Tenma Vietnam returns to Vietnam.
At present, Heineken has paid the full amount to state budget.
Vietnam’s tax authority requested Coca-Cola Vietnam to fulfill its obligations within 10 days since being informed of the fine.