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Dong Nai looks to curb tax evasion

Update: February, 16/2012 - 10:43

DONG NAI — Some foreign-invested enterprises in southern Dong Nai Province have allegedly been involved in trade fraud and tax evasion by transferring prices and making false financial reports to dodge corporate income tax.

To prevent the transfer pricing, Dong Nai Department of Taxation has asked the Ministry of Planning and Investment to conduct a project to limit and minimise the transfer price of foreign-invested companies throughout the country.

Dong Nai Department of Taxation inspected three of the 10 foreign-invested enterprises in the province, including Taiwan-invested Hualon Textile Corp Viet Nam Company, Taiwan-invested Choongnam-Viet Nam Textile Company Limited and Korea-invested Changsin Vina factory.-VNS

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