Headlines 07/12/2022 15:07 CH

Vietnam to strengthen the prevention of transfer pricing in FDI enterprises

Hạnh Nguyên

On November 15, 2022, the National Assembly of Vietnam approved Resolution No. 74/2022/QH15 on accelerating the implementation of policies and laws on thrift practice and waste prevention.

According to the Resolution, the National Assembly of Vietnam assigns the Government of Vietnam to direct the acceleration of the road map for reforming tax policies.

In 2023, implementing the review and handling of official dispatches and decisions promulgated improperly with respect to tax exemption, reduction, and refund.

Strengthening the prevention of transfer pricing in FDI enterprises.

Settling cases of failure to fulfill financial obligations in managing and using land, natural resources, and minerals completely.

Creating changes to the handling of tax arrears and organizing the summary of the assessment of the result of the handling of tax arrears.

And also in 2023, adequately promulgating legislative documents elaborating on and guiding the implementation of Laws related to thrift practice and waste prevention;

Reviewing and promulgating national standards and regulations, unit prices, and socio-economic norms in investment, construction, and public services that are lacking, overlapping, or conflicting; etc.

Making amendments to the level of public expenditure, public property, public vehicle, and fixed funding and budget for using public property; workers, and payrolls; managing and using natural resources, land, and minerals.

See more details in Resolution No. 74/2022/QH15, which was approved on November 15, 2022.

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Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.

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