Recently, Vietnam Tax Authorities have been intensifying on transfer pricing inspection on enterprises that have incurred related party transactions .
As observed by Grant Thornton Vietnam, new inspections are mainly focused on enterprises with foreign investment and are conducted by 04 big tax departments : Hanoi , Ho Chi Minh City, Dong Nai and Binh Duong . To date, the organizational and staffing structure of experts on transfer pricing inspection in General Department of Taxation and 04 big tax departments has been formed and they have started to issue inspection decisions on transfer pricing issues.
We also notice that other tax departments are also stepping up inspection activities and a separate unit of transfer pricing inspection might be formed at local tax departments if authorities discover more enterprises with signs of transfer pricing and big tax adjustme💞nts after these inspections.