Shall a transfer pricing file be compiled after trực tiếp bóng đá hôm nay time of filing corporate income tax finalization in Vietnam?

Shall a transfer pricing filebe compiled after trực tiếp bóng đá hôm nay time of filing corporate income tax finalization in Vietnam?

Pursuant to Clause 6, Article 18 ofDecree 132/2020/ND-CP, trực tiếp bóng đá hôm nay regulations are as follows:

Rights and obligations of taxpayers in declaring and determining transfer prices

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6. trực tiếp bóng đá hôm nay transfer pricing file must be compiled before trực tiếp bóng đá hôm nay annual corporate income tax finalization declaration and must be retained and presented upon trực tiếp bóng đá hôm nay information request of trực tiếp bóng đá hôm nay tax authority. When trực tiếp bóng đá hôm nay tax authority conducts an audit or inspection of trực tiếp bóng đá hôm nay taxpayer, trực tiếp bóng đá hôm nay deadline for providing trực tiếp bóng đá hôm nay transfer pricing file is stipulated by trực tiếp bóng đá hôm nay Law on Inspection from trực tiếp bóng đá hôm nay date of receiving trực tiếp bóng đá hôm nay information request.

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According to trực tiếp bóng đá hôm nay above regulation, trực tiếp bóng đá hôm nay transfer pricing file must be compiled before trực tiếp bóng đá hôm nay annual corporate income tax finalization declaration and must be retained and presented upon trực tiếp bóng đá hôm nay information request of trực tiếp bóng đá hôm nay tax authority.

Thus, enterprises cannot prepare transfer pricing file after trực tiếp bóng đá hôm nay time of filing corporate income tax finalization.

Shall a transfer pricing file be compiled after trực tiếp bóng đá hôm nay time of filing corporate income tax finalization in Vietnam?(Image from trực tiếp bóng đá hôm nay Internet)

Whenare taxpayers exempt from declaring and preparing transfer pricing files in Vietnam?

According to Article 19 ofDecree 132/2020/ND-CP, taxpayers are exempt from declaring and preparing transfer pricing file in trực tiếp bóng đá hôm nay following cases:

[1]Taxpayers are exempt from declaring transfer pricing as stated in Sections III and IV of Appendix I issued withDecree 132/2020/ND-CPand exempt from preparing transfer pricing file in cases where transactions arise only with related parties subject to CIT in Vietnam, applying trực tiếp bóng đá hôm nay same CIT rate as trực tiếp bóng đá hôm nay taxpayer and none receiving CIT incentives in trực tiếp bóng đá hôm nay tax period, but must declare trực tiếp bóng đá hôm nay basis of exemption in Sections I and II of Appendix I issued withDecree 132/2020/ND-CP.

[2]Taxpayers are responsible for declaring transfer pricing according to Appendix I issued withDecree 132/2020/ND-CPbut are exempt from preparing transfer pricing file in trực tiếp bóng đá hôm nay following cases:

- Taxpayers with related party transactions but trực tiếp bóng đá hôm nay total revenue of trực tiếp bóng đá hôm nay tax period is under 50 billion VND and trực tiếp bóng đá hôm nay total value of all related party transactions during trực tiếp bóng đá hôm nay tax period is under 30 billion VND;

- Taxpayers who have signed an Advance Pricing Agreement (APA) and submit an annual report according to legal provisions on APA. For related party transactions not covered by trực tiếp bóng đá hôm nay APA, taxpayers must declare transfer pricing;

- Taxpayers conducting simple business functions without generating revenue, expenses from trực tiếp bóng đá hôm nay exploitation or use of intangible assets, having revenue below 200 billion VND, applying a net profit margin before interest and CIT (excluding differences in financial activity revenue and expenses) on net sales as follows:

+ Distribution: From 5% or more;

+ Production: From 10% or more;

+ Processing: From 15% or more.

In cases where taxpayers track and account separately trực tiếp bóng đá hôm nay revenue, expenses of each field, trực tiếp bóng đá hôm nay net profit margin before interest and CIT on net sales is applied corresponding to each field.

In cases where taxpayers track and account separately trực tiếp bóng đá hôm nay revenue but not trực tiếp bóng đá hôm nay expenses incurred in each field of business operation, costs are allocated based on trực tiếp bóng đá hôm nay revenue ratio of each field to apply trực tiếp bóng đá hôm nay net profit margin before interest and CIT on net sales corresponding to each field.

In cases where taxpayers do not track and account separately trực tiếp bóng đá hôm nay revenue and expenses of each field of business operation to determine trực tiếp bóng đá hôm nay net profit margin before interest and CIT corresponding to each field, trực tiếp bóng đá hôm nay net profit margin before interest and CIT on net sales of trực tiếp bóng đá hôm nay field with trực tiếp bóng đá hôm nay highest margin is applied.

In cases where taxpayers do not apply trực tiếp bóng đá hôm nay net profit margin as specified at this point, they must prepare transfer pricing file as regulated.

[3]Taxpayers eligible for exemption from declaring, preparing transfer pricing file under Clauses 1 and 2, Article 18 ofDecree 132/2020/ND-CP, trực tiếp bóng đá hôm nay determination of total interest expenses deductible when determining taxable income of enterprises with related party transactions is implemented according to Clause 3, Article 16 ofDecree 132/2020/ND-CP.

Vietnam: What documents does trực tiếp bóng đá hôm nay transfer pricing file include?

As stipulated in Clause 4, Article 18 ofDecree 132/2020/ND-CP, taxpayers are responsible for retaining and providing trực tiếp bóng đá hôm nay transfer pricing file, which includes trực tiếp bóng đá hôm nay following documents:

- Information on related relations and related transactions according to Appendix I issued withDecree 132/2020/ND-CP;

- trực tiếp bóng đá hôm nay domestic file, which includes information on related transactions, policies, and transfer pricing methods for related transactions, is compiled and retained at trực tiếp bóng đá hôm nay taxpayer's headquarters as per trực tiếp bóng đá hôm nay list of information contents and documents stipulated in Appendix II issued withDecree 132/2020/ND-CP;

- trực tiếp bóng đá hôm nay global file, which includes information about trực tiếp bóng đá hôm nay business operations of multinational groups, global transfer pricing policies and methods, and income allocation policies and trực tiếp bóng đá hôm nay allocation of activities and functions within trực tiếp bóng đá hôm nay group's value chain according to trực tiếp bóng đá hôm nay list of information contents and documents stipulated in Appendix III issued withDecree 132/2020/ND-CP;

- trực tiếp bóng đá hôm nay global profit report of trực tiếp bóng đá hôm nay ultimate parent company as stipulated in Clause 5, Article 19 ofDecree 132/2020/ND-CPand Appendix IV issued withDecree 132/2020/ND-CP.