Launching and Operation of Transfer Pricing Inspection Teams at General Department of Taxation and Provincial Department of Taxation levels
Global Tax Update:October 2015/Vietnam
Ministry of Finance (“MoF”) and General Department of Taxation (“GDT”) have been more focused on taking action to enlarge their resources for TP inspection teams. Accordingly, GDT has recently issued Decisions 1574/QD-TCT and 1575/QD-TCT both dated 1 September 2015 announcing the establishment of TP inspection teams under the control of the GDT and some major Provincial Departments of Taxation (“PDT”) including Hanoi, Ho Chi Minh City, Binh Duong and Dong Nai respectively. (Global Tax Update: October 2015/Vietnam)
These TP inspection teams will officially start their operation from 1 October 2015.
This newsletter explains the following topics;
(1) Overview of TP inspection teams’ functions and tasks
(2) What taxpayers can do better?
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