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Metro Vietnam found owing over $23.6mn in tax in transfer pricing inspection

Tuesday, April 21, 2015, 18:09 GMT+7

The Vietnamese unit of Germany’s Metro Cash & Carry will have to pay almost US$24 million in tax arrears after its wrongdoings have been unearthed in a transfer pricing inspection that concluded Monday.

Metro Cash & Carry Vietnam Co. Ltd. began coming under scrutiny on suspicions of transfer pricing in 2012.

Many Vietnamese tax agencies had tried to clarify the transfer pricing dispute of the company but failed to find any wrongdoings until the General Department of Taxation launched its own inspection.

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