In 2024, tax authorities continue to increase their audit/ inspection activities to improve tax management, including compliance with regulations on related-party transactions for FDI enterprises in Vietnam. The adoption of Resolution 107/2023/QH15 on applying global minimum tax, effective from the beginning of 2024, also shows the government’s determination to manage cross-border profits and avoid tax losses.
In that context, enterprises with related-party transactions need to pay more attention to preparing compliance documents sufficiently. Declaring their affiliate transactions accurately in the annual tax finalization declaration. The lack of preparation and inaccurate declaration could lead to the tax authorities to imposing much higher taxable income compared to the enterprises’ calculation. In addition, audit/ inspection’s period often covers several consecutive financial years, significantly compounding the risk of adjusting taxable income (cumulative over many years) in the event of tax imposition.
In this Tax Talk, KTC will guide participants to declare related-party transactions on tax declarations in the most accurate way. At the same time, point out important notices for preparation, answer questions closest to the perspective of Tax authorities. The contents of the Tax Talk include:
- Determining the appropriate comparing method between related and independent transactions;
- Guideline for declaring Appendix I (according to Decree 132/2020/ND-CP)
- Answering practical questions from businesses regarding related-party transactions
TIME AND SCHEDULE
- Location: Online via Zoom
- Time: 9:30 – 11:30. Thursday, October 03, 2024/
- Speakers:
- Ms. Thái Vân Anh (FCCA, CPA) – Partner/ Director of KTC Audit Company Limited.
- Mrs. Nguyễn Thị Hánh, Senior Tax Expert
- Admission fee: Free admission.
- Language: Vietnamese.
(After registering, the participation link will be sent to your email on 2nd October, 2024). Registration link:
For further questions and support, please contact:
Ms. Thu Huong
0387 526 582
Email: huong.thu.nguyen@ktcvietnam.com
Mr. Trong Khiem
0904 821 889
Email: khiem.trong.nguyen@ktcvietnam.com
SPEAKERS BACKGROUND
Ms. Thai Van Anh (FCCA, CPA), director of KTC Auditing Company Limited – City Branch. HCM has more than 20 years of experience in the field of Auditing, financial consulting, business restructuring… Ms. Van Anh has worked as an audit manager at PricewaterhouseCoopers UK – Glasgow Office for clients operating in the many fields such as manufacturing, services, restaurants, tourism, trade… She also held the position of Finance Director for several domestic and international corporations. Van Anh is a member of the Executive Committee of the Vietnam Association of Certified Public Accountants (VACPA), a veteran member of the Association of Chartered Certified Accountants (ACCA). In addition, Ms. Van Anh also participates in teaching training programs for CFOs, internal auditing and ACCA and ICAEW certifications.
Mrs. Nguyen Thi Hanh is a leading expert with more than 30 years of experience (20 years of Tax inspection) in the field of Tax and Related-Party Transactions. Former Deputy Director, Deputy Head of the Reform and Modernization Department of the General Department of Taxation. Head of many Transfer pricing inspection and technical support teams. She has over 15 years of experience training generations of inspectors and tax officials through staff training programs of the Ministry of Finance, the Ministry of Public Security and many provincial authorities
