Categories Q & A

What are the basic differences between Vietnamese Accounting Standards (VAS) and International Accounting Standards (IFRS)?

Answer:

At present, no further standards have been issued, so there are still many standards in comparison with international practices such as agricultural standards, mineral resources exploration and exploitation, group of financial instruments, fair value, loss of assets, …. causing difficulties for the preparation and presentation of financial statements, in particular, Vietnam has not issued 17 specific accounting standards as follows:

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Subject: Transfer pricing

Question:

Dear Trithucviet,

We are a Foreign Invested Company (FDI), we would like to ask about the cases to do Transfer Pricing Report and how to do, please consult.

Thank you

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Tri Thuc Viet Co., Ltd. was established in 2009 as a member of Allinial Global, based in the United States. We are based in Binh Duong, Ho Chi Minh City, Hanoi, and other provinces, specializing in providing audit, accounting, tax consulting and consulting services.


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