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Decree No. 20/2017/ND-CP dated 24 February 2017 guiding tax management on transfer pricing in enterprises

Global Tax Update:April 2017/Vietnam

The Government of Vietnam has officially issued Decree No. 20/2017/ND-CP dated 24 February 2017 (“Decree 20”) guiding tax compliance for enterprises having related party transactions. The Decree will be effective from 01 May 2017. (Global Tax Update: April 2017/Vietnam)

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In this Tax Alert, Deloitte Vietnam would like to summarise salient features of the Decree 20 and provides insights into the requirements for taxpayers in Vietnam in relation to their transfer pricing (“TP”) compliance obligations and implications for the potential realignment of their business models.

(1) CHANGES IN RELATED PARTY DEFINITIONS
(2) NOTABLE POINTS in COMPARABILITY ANALYSIS AND TP ADJUSTMENTS DURING A TAX/ TP AUDIT
(3) NON-DEDUCTIBLE expenses ON PAYMENT TO RELATED PARTIES FOR CORPORATE INCOME TAX PURPOSE
(4) CASES FOR EXEMPTION FROM TP DOCUMENTATION AND DECLARATION
(5) INTRODUCTION OF THE NEW TP FORMS
(6) DEADLINE FOR COMPLIANCE AND REPORTING REQUIREMENTS
(7) RIGHTS OF TAX AUTHORITIES IN TRANSFER PRICING MANAGEMENT
(8) THe WAY FORWARD

 

>> Click for Japanese [Decree No. 20/2017/ND-CP の発表:企業における移転価格管理のガイダンス(2017年2月24日)]

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