Business

Ministry vows to tackle tax transfer pricing

Vietnam is currently piloting an advance pricing agreement (APA) to deal with the popular tax-ruse of transfer pricing, a representative from the Ministry of Finance (MoF) confirmed.
Business

State-owned firms pay most taxes

State-owned enterprises (SOEs) continued to be the biggest tax contributors in the top list of 1,000 largest corporate income tax payers in Vietnam with its contribution doubling from 25.8 trillion VND (1.2 billion USD) in 2010 to 65 trillion VND (3.1 billion USD) this year.