trực tiếp bóng đá euro hôm nayWhat are regulations on related-parties in tax administration for enterprises in Vietnam?

What are regulations onrelated-parties in tax administration for enterprises in Vietnam?

Pursuant to Article 5 ofDecree 132/2020/ND-CP, trực tiếp bóng đá euro hôm nay related-parties in tax administration for enterprises are as follows:

- related-parties (hereinafter referred to as "related-parties") are parties that have a relationship in one of trực tiếp bóng đá euro hôm nay following cases:

+ One party participates directly or indirectly in trực tiếp bóng đá euro hôm nay management, control, capital contribution, or investment in trực tiếp bóng đá euro hôm nay other party;

+ trực tiếp bóng đá euro hôm nay parties are directly or indirectly subject to trực tiếp bóng đá euro hôm nay management, control, capital contribution, or investment of another party.

- trực tiếp bóng đá euro hôm nay related-parties in Clause 1 of Article 5 ofDecree 132/2020/ND-CPare specifically stipulated as follows:

+ A business holds directly or indirectly at least 25% of trực tiếp bóng đá euro hôm nay contributed capital of trực tiếp bóng đá euro hôm nay owner of another business;

+ Both businesses have at least 25% of trực tiếp bóng đá euro hôm nay contributed capital of trực tiếp bóng đá euro hôm nay owner held directly or indirectly by a third party;

+ A business is trực tiếp bóng đá euro hôm nay largest shareholder and holds directly or indirectly at least 10% of trực tiếp bóng đá euro hôm nay total shares of trực tiếp bóng đá euro hôm nay other business;

+ A business guarantees or loans capital to another business in any form (including loans from third parties guaranteed by trực tiếp bóng đá euro hôm nay financial source of trực tiếp bóng đá euro hôm nay related-party and similar significant financial transactions) with trực tiếp bóng đá euro hôm nay condition that trực tiếp bóng đá euro hôm nay loan capital is at least equal to 25% of trực tiếp bóng đá euro hôm nay contributed capital of trực tiếp bóng đá euro hôm nay owner of trực tiếp bóng đá euro hôm nay borrowing business and accounts for over 50% of trực tiếp bóng đá euro hôm nay total medium and long-term debt value of trực tiếp bóng đá euro hôm nay borrowing business;

+ A business appoints members of trực tiếp bóng đá euro hôm nay executive management or controls another business with trực tiếp bóng đá euro hôm nay condition that trực tiếp bóng đá euro hôm nay number of members appointed by trực tiếp bóng đá euro hôm nay first business accounts for over 50% of trực tiếp bóng đá euro hôm nay total members of trực tiếp bóng đá euro hôm nay executive management or control of trực tiếp bóng đá euro hôm nay second business; or a member appointed by trực tiếp bóng đá euro hôm nay first business has trực tiếp bóng đá euro hôm nay right to decide on trực tiếp bóng đá euro hôm nay financial or business policies of trực tiếp bóng đá euro hôm nay second business;

+ Two businesses have more than 50% of trực tiếp bóng đá euro hôm nay executive management members or share an executive management member who has trực tiếp bóng đá euro hôm nay decision-making right on financial or business policies appointed by a third party;

+ Two businesses are operated or controlled in terms of personnel, finance, and business activity by individuals in one of trực tiếp bóng đá euro hôm nay following relationships: husband, wife; biological parents, adoptive parents, stepfather, stepmother, in-laws; biological children, adopted children, stepchildren, daughter-in-law, son-in-law; siblings together, half-siblings, brother-in-law, sister-in-law; paternal or maternal grandparents; grandchildren; aunts, uncles, cousins, nieces, and nephews;

+ Two business establishments have a head office and permanent establishment relationship or are both permanent establishments of foreign organizations or individuals;

+ Businesses are controlled by an individual through their equity contributions to that business or directly participate in business management;

+ Other cases where trực tiếp bóng đá euro hôm nay business is effectively managed, controlled, or decided by another business regarding business activities;

+ Enterprises engaging in trực tiếp bóng đá euro hôm nay transfer or receiving transfer of ownership of at least 25% of trực tiếp bóng đá euro hôm nay owner's contribution capital in trực tiếp bóng đá euro hôm nay tax period; borrowing, lending at least 10% of trực tiếp bóng đá euro hôm nay owner's equity at trực tiếp bóng đá euro hôm nay time of transaction occurrence in trực tiếp bóng đá euro hôm nay tax period with individuals managing, controlling trực tiếp bóng đá euro hôm nay business or individuals in one relationship as prescribed in point g of this clause.

What are regulations on related-parties in tax administration for enterprises in Vietnam?(Image from trực tiếp bóng đá euro hôm nay Internet)

What are regulations on comparability analysis doctrines to determine trực tiếp bóng đá euro hôm nay substance of a related party transaction in Vietnam?

Based on Article 6 ofDecree 132/2020/ND-CP, trực tiếp bóng đá euro hôm nay comparability analysis doctrines to determine trực tiếp bóng đá euro hôm nay substance of a related party transaction is as follows:

- Analysis, comparison of related-transactions performed according to trực tiếp bóng đá euro hôm nay principle of trực tiếp bóng đá euro hôm nay essence of trực tiếp bóng đá euro hôm nay activity or transaction to determine trực tiếp bóng đá euro hôm nay tax obligation for identifying trực tiếp bóng đá euro hôm nay nature of related-transactions:

+ trực tiếp bóng đá euro hôm nay essence of trực tiếp bóng đá euro hôm nay transaction is compared between trực tiếp bóng đá euro hôm nay legal agreement contracts or documents, transaction agreements of related-parties with trực tiếp bóng đá euro hôm nay practical implementation by trực tiếp bóng đá euro hôm nay parties.

In trực tiếp bóng đá euro hôm nay case where a taxpayer arises from related-transactions but there are no written agreements or agreements inconsistent with trực tiếp bóng đá euro hôm nay arm's length principle or actual implementation inconsistent with trực tiếp bóng đá euro hôm nay arm's length principle between unrelated parties, trực tiếp bóng đá euro hôm nay related-transaction should be determined accurately based on trực tiếp bóng đá euro hôm nay business nature between independent parties, specifically:

An related-party that receives revenue or profit from related-transactions with trực tiếp bóng đá euro hôm nay taxpayer must have ownership and control over business risks concerning trực tiếp bóng đá euro hôm nay assets, goods, services, resources, rights bringing economic benefits, and rights generating income from shares, stocks, and other financial instruments, and trực tiếp bóng đá euro hôm nay taxpayer arising costs from transactions with trực tiếp bóng đá euro hôm nay related-party must receive direct economic benefits or contribute to generating revenue, added value for trực tiếp bóng đá euro hôm nay production and business activities of trực tiếp bóng đá euro hôm nay taxpayer in accordance with trực tiếp bóng đá euro hôm nay arm's length principle;

+ trực tiếp bóng đá euro hôm nay essence of trực tiếp bóng đá euro hôm nay transaction is determined by collecting information, evidence, data about trực tiếp bóng đá euro hôm nay transactions, and risks of trực tiếp bóng đá euro hôm nay related-parties in practical production and business activities.

What are trực tiếp bóng đá euro hôm nay responsibilities of relevant ministries and ministry-level agencies in tax administration for enterprises in Vietnam?

According to Article 21 ofDecree 132/2020/ND-CP, trực tiếp bóng đá euro hôm nay responsibilities of relevant ministries and ministry-level agencies in tax administration for enterprises are as follows:

- trực tiếp bóng đá euro hôm nay Ministry of Finance within its duties and powers is responsible for:

+ Being responsible for implementing state tax administration for enterprises with related-and transactional relationships as stipulated in this Decree;

+ Leading and cooperating with trực tiếp bóng đá euro hôm nay Ministry of Information and Communications to carry out information and propaganda work on state tax administration for enterprises with related-transactions;

+ Conducting inspections and audits on trực tiếp bóng đá euro hôm nay implementation of tax regulations for enterprises with related-transactions according to trực tiếp bóng đá euro hôm nay provisions of this Decree.

- trực tiếp bóng đá euro hôm nay State Bank within its duties and powers is responsible for:

Cooperating to provide information and data about foreign loans and debt repayments of each specific enterprise with related-transactions based on trực tiếp bóng đá euro hôm nay list requested by trực tiếp bóng đá euro hôm nay Tax Authority, including data on loan turnover, interest rates, repayment periods, actual fund withdrawals, debt repayments (principal and interest), and other related information (if any).

- trực tiếp bóng đá euro hôm nay Ministry of Planning and Investment within its duties and powers is responsible for:

Collaborating to provide data on business registration industries; database on capital structure at trực tiếp bóng đá euro hôm nay time of licensing and times of adjustment, amendment of investment registration certificates, business registration certificates, and relevant information regarding investment projects when trực tiếp bóng đá euro hôm nay tax authority conducts inspections and checks on enterprises with related-transactions.

- trực tiếp bóng đá euro hôm nay Ministry of Science and Technology, Ministry of Agriculture and Rural Development within their duties and powers are responsible for:

Collaborating to provide databases related to technology transfer contracts; industrial property transfer contracts; transfer rights of plant varieties; intellectual property registration dossiers after establishing industrial property rights, rights over plant varieties, and providing information when requested for trực tiếp bóng đá euro hôm nay Tax Authority to perform tax administration for enterprises with related-transactions.

- trực tiếp bóng đá euro hôm nay Ministry of Information and Communications within its duties and powers is responsible for:

Collaborating to provide databases about businesses licensed to operate in fields under trực tiếp bóng đá euro hôm nay scope of management and information on related-transactions in trực tiếp bóng đá euro hôm nay digital economy as requested by trực tiếp bóng đá euro hôm nay Ministry of Finance.

- trực tiếp bóng đá euro hôm nay Ministry of Industry and Trade within its duties and powers is responsible for:

Collaborating to provide databases on transaction prices of goods on domestic commodity exchanges and information according to trực tiếp bóng đá euro hôm nay functions and duties under trực tiếp bóng đá euro hôm nay management scope of trực tiếp bóng đá euro hôm nay Ministry of Industry and Trade, as required for tax administration of enterprises with related-transactions by trực tiếp bóng đá euro hôm nay Tax Authority.

- trực tiếp bóng đá euro hôm nay State Capital Management Committee at enterprises within its duties and powers is responsible for:

Cooperating to urge groups, corporations, and related-business groups under management to provide information as prescribed by trực tiếp bóng đá euro hôm nay Tax Authority.

- People's Committees of provinces and centrally-run cities within their duties and powers are responsible for:

Directing trực tiếp bóng đá euro hôm nay Department of Planning and Investment, Department of Finance, and departments, boards, and branches to build databases in their specialized management fields to serve tax administration for enterprises with related-transactions.

- trực tiếp bóng đá euro hôm nay ministries and central authorities within their duties and powers are responsible for coordinating with trực tiếp bóng đá euro hôm nay Ministry of Finance to implement this Decree.