The news was recently announced by the HCM City Department of Taxation. Representative of the department explained that it is currently difficult to verify the FDI firms' business activities to prevent transfer pricing and tax evasion. These verifications depend heavily on international relations. Therefore, the mechanism to buy information from foreign countries is considered a more effective mean to fight price transfer in Vietnam. In the first 11 months of 2017, the Ho Chi Minh City Department of Taxation inspected 16 enterprises with signs of price transfer, and collected nearly 300 billion VND in fine.
