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New Transfer Pricing Decree in Vietnam
New Transfer Pricing Decree in Vietnam
Significant changes of Decree No. 20/2017/ND-CP
In comparison with the existing Circular No. 66/2010/TT-BTC (“Circular 66”), Decree 20 proposes some significant changes as follows:
- Related party definition;
- Comparability analysis and Transfer Pricing adjustments;
- Transfer Pricing methodology;
- Tax deductibility for related party expenses;
- Three-tiered Transfer Pricing Documentation;
- Timeline for Transfer Pricing Documentation preparation and submission; and
- Transfer Pricing documentation compliance exemption
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Our Support
With our extensive experience in Transfer Pricing planning and compliance, and as one of the major Transfer Pricing service providers in Vietnam, we are pleased to assist you to properly comply with the laws and regulations with the following services:
- Review and analysis of Transfer Pricing risks and opportunities;
- Full Transfer Pricing documentation;
- Localization of Groups’ Master File into Vietnam-specific Transfer Pricing documentation;
- Transfer Pricing benchmarking study;
- Transfer Pricing audit defense; and
- Advanced Pricing Agreement application.
Should you need more information or assistance, don’t hesitate to contact us at the following details.
Download the full issue in the PDF extension in English as below. |