Vietnam to scrutinize auto manufacturers and their tax advisers over transfer pricing practices

The VietNamNet Bridge, in a June 24 report, quotes Bui Van Nam, General Director of Vietnam’s General Department of Taxation (GDT), as stating that the GDT intends to investigate the transfer pricing practices of automobile manufacturers as well as the behavior of international accounting firms that provide tax advice to auto manufacturers. “We can see that some big auditing firms lent a hand to help [foreign invested entities] make transfer pricing and evade tax,” Nam said. See, report by Tien Phong, VietNamNet Bridge