Transfer Pricing

Transfer Pricing

This thread has been closed so unfortunately you can't post here any more.

Posts 1-3 of 3
  • Post visible to registered members
  • Hans W. Waldvogel
    Hans W. Waldvogel    Premium Member   Group moderator
    The company name is only visible to registered members.
    Re: Transfer pricing regulations in China, Vietnam, and South Korean
    Dear Matthias,

    connect Oliver Massmann for TP in Vietnam.

    Kind regards,
    HWW
    This post was modified on 24 Mar 2011 at 05:54 pm.
    • 24 Mar 2011, 5:54 pm
  • User photo
    Nhu Nguyen
    The company name is only visible to registered members.
    Re^2: Transfer pricing regulations in China, Vietnam, and South Korean
    Dear Matthias,

    I studied International Law in Vietnam and I think I can give you some information about the regulations in Vietnam.
    After becoming member of the World Trade Organization (WTO) in 2006, many major multinational enterprises have conducted and planned to invest in Vietnam.
    And the first proper transfer pricing regulations were introduced at the end of 2005 and came into force in 2006. At the present time, transfer pricing has become a hot issue in Vietnam and is being strongly focused on by the tax authorities, the Ministry of Finance of Vietnam released new transfer pricing regulations through Circular 66/2010 TT-BTC in 2010 . The new regulations introduced several changes, for example, the circular clarifies that the median value of an inter-quartile range will be used for benchmarking purposes, a number of significant technical amendments, including material differences thresholds.
    The definition of related parties in Circular 66 is more extensive and broader than that of the OECD Model. Enterprises are deemed to be associated if one enterprise directly or indirectly holds at least 20% of the investment capital of the other enterprise, or one business establishment is the biggest shareholder directly or indirectly holding at least 10% of the shares or the total assets of the other. This regulation for being treated as associated parties is regarded as low compared with that in other country. For example the control threshold is 25% under Chinese transfer pricing regulations, and 50% under South Korean transfer pricing regulations.

    For more information you could visit this link :
    http://www.mof.gov.vn/portal/page/portal/mof_en/ld
    (Sign document number: 66/2010/TT-BTC)

    I hope it could help you understand the regulations in Vietnam. About China and South Korea, i hope someone will answer you..

    Nhu Nguyen.
    This post was modified on 26 Mar 2011 at 06:48 pm.
    • 26 Mar 2011, 6:47 pm