Vietnam to inspect all loss-reporting FDI enterprises

From now until the end of the year, the Department of Vietnam Taxation will focus inspecting around 700 remaining foreign direct investment (FDI) enterprises that reported losses, VietBiz24.com cited Do Hoang Anh Tuan, Deputy Minister of Finance as saying on the sideline of according the conference on dialogue with corporate policies and administrative procedures for tax and customs on September 23.
According to Anh Tuan, through the inspection of nearly 500 FDI enterprises that reported losses, up to now, these businesses have cut their losses at over 3.6 trillion dong, bringing about 1.2 trillion dong to state budget revenue.

From now until the end of the year, Vietnam Taxation will focus inspecting around 700 remaining enterprises that reported losses, Tuan Anh stressed.

According to Anh Tuan, in near future, Vietnam will develop two tools to support the anti-transfer pricing is the first appraisal and strengthen coordination in the pricing management of tax authorities of two countries (in Vietnam and the parent company of FDI enterprises).

Source: Vietbiz24.com

Tags: FDI enterprises

Posted by VBN on Sep 26 2011. Filed under Enterprises, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry