Vietnam’s Transfer Pricing Regulations – Compliance Strategies
Vietnam’s transfer pricing regulations under Decree No. 20/2017/ND-CP (“Decree 20”) became effective in May 2017 and outline all relevant aspects of the transfer pricing compliance process. Foreign investors should consider the following when creating a compliance strategy for transfer pricing in the country.
What are the main transfer pricing compliances?
According to regulations, taxpayers subject to Decree 20, if not exempted, must comply with the following requirements:
- Disclose information about their related-party relationships and transactions by compiling the Form 01 of Decree 20, which should be transmitted together with corporate income tax (CIT) finalization return declaration;
- Prepare and store transfer pricing contemporaneous documentation, including a local file pertaining to the company’s operations in Vietnam, related party transactions, and a master file with information on the company’s inner workings.
Follow the link below to find out more about:
- What files you must prepare;
- The deadlines for transfer pricing documentation;
- Who must comply with Vietnam’s transfer pricing regulations;
- When do transfer pricing regulations apply;
- Exemptions from transfer pricing regulations.
This is an exerpt from an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.