ADVERTORIAL
Indonesia Transfer pricing compliance in Indonesia has entered a new phase: one of enforcement, audits, and distinct winners and losers. More than a year after the implementation of MOF-172/2023, the Directorate General of Taxes (DGT) is no longer focused on socialising the rules. It is now assessing how well businesses have implemented them. Some multinationals have taken proactive steps by updating their documentation systems and conducting price-setting analyses. However, many others continue to rely on outdated practices, exposing themselves to the ever-increasing risk of audit. ASEAN Briefing from Dezan Shira and Associates explores transfer pricing in Indonesia and what is likely to trigger a tax audit in 2025. It covers which entities are subject to TP documentation requirements, the structure and content of TP documentation, transfer pricing adjustments and their tax implications, and available relief and dispute resolution pathways. Vietnam On June 24, 2025, in Vietnam, the NA approved the revision to Law No. 24/2008/QH12 on Vietnamese Nationality, amended by Law No. 56/2014/QH13. From July 1, 2025,
the updated Nationality Law will incorporate several breakthroughs that eliminate previous barriers to obtaining Vietnamese citizenship for foreigners. The amendments to the Vietnamese Nationality Law are a significant step toward attracting foreign talent by simplifying the citizenship application process and relaxing previously stringent requirements. As the law comes into effect, its implications will have an impact across various sectors, promoting greater international collaboration and development. The full text has yet to be released, but official portals have revealed some of the most noteworthy changes to the amendment law. Dezan Shira’s Vietnam Briefing provides key updates for foreign workers, including naturalisation standard exemptions, determination of individuals with outstanding contributions and conditions for maintaining dual citizenship.
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ISSUE 13 GLOBAL PAYROLL MAGAZINE
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