Transfer Pricing in China by Dezan Shira & Associates

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transfer pricing in ChinaWhen a business transaction occurs between businesses that are controlled by the same entity, the price is not determined by market forces, but by the entity controlling the two businesses. This is called transfer pricing. An example is a transaction between a parent and its subsidiary, or other intra-group transactions.

These transactions can be used to shift funds – and thereby profits. Such transactions can serve as a tool for finance and tax planning. For instance, China’s foreign currency control regulations only allow one dividend issuance to a foreign entity a year. Moving funds out of China by using inter-company transactions can then offer a solution.

In this new report on Transfer Pricing, Dezan Shira & Associates discuss what types of transactions foreign investors can use to shifts funds in this way. [Read more…]

Vietnam Briefing: Annual Audit and Compliance Vietnam 2016

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Vietnam Briefing 2016Download and read the latest online resource from Vietnam Briefing titled “Annual Audit and Compliance in Vietnam 2016”. The Vietnam Briefing Magazine publishes 4 regular issues and 2 special editions per year. Its content is provided by Dezan Shira & Associates.

In this issue, Dezan Shira & Associates address pressing changes to audit procedures in 2015, and provide guidance on how to ensure that compliance tasks are completed in an efficient and effective manner. They highlight the continued convergence of VAS with IFRS, discuss the emergence of e-filing, and provide step-by-step instructions on audit and compliance procedures for Foreign Owned Enterprises (FOEs) as well as Representative Offices (ROs).

This topic is composed of 3 parts: Vietnam’s Current Compliance Environment; A Guide to Navigating Annual Audit and Compliance; and Q&A: Optimizing Your Audit and Compliance Experience.

Dezan Shira & Associates has a growing team of accounting and legal professional in Vietnam with years of experience helping foreign enterprises ensure compliance. [Read more…]