Established in Vietnam in 1994, Coca-Cola Vietnam announced in 2014 that it made a profit and paid taxes of $20 million.After transfer pricing scandal, Coca-Cola VN pays $20 million in taxes.This firm submitted a report of its operation in 2014 to HCM City Chairman Le Hoang Quan.According to the report, thanks to the new investment of $300 million in October 2012, Coca Cola developed strongly and achieved positive business results in Vietnam.In 2014 alone, the taxable profit of Coca Cola...

The Ministry of Finance yesterday announced establishment of Transfer Pricing Inspection Agency under the Inspection Department of the General Taxation Department.This aims to fight against complicating transfer pricing which has resulted in budget revenue’s losses.The agency will act as a counselor for the Taxation General Department to work out inspection plans over transfer pricing, build inspection process, collect and handle information from businesses on the issue.In 2012, the department...

The dialogue focuses on Việt Nam’s infrastructure and policies on investment projects inside and outside of industrial parks (IPs); loans and assistant services for enterprises operating inside and outside IPs; and tax incentives.

The initials "APA" can actually be spelled out in two different ways, although both are generally used interchangeably. The US tax authorities for example use "Advance Pricing Agreement" while the OECD Guidelines use Advanced Pricing Arrangement, and the latter defines an APA as "an arrangement that determines, in advance of controlled transactions, an appropriate set of criteria (e.g. method, comparables and appropriate adjustments thereto, critical assumptions as to future events) for the...

Bilateral and multilateral APAs are advantageous, assuming that all relevant entities within the multinational enterprise (MNE) group are parties to the APA and (that the APA is broad in scope and covers all possibly relevant transfer pricing issues. This, argues David Spencer, attorney and Tax Justice Network senior adviser, is because such APAs provide greater certainty, especially in complex cases, both for the taxpayer and governments.