What is xem bóng đá trực tiếp nhà cái Decree 20 of 2025 on amendments to Decree 132 on related-party transactions in Vietnam?
What is xem bóng đá trực tiếp nhà cái Decree 20 of 2025 on amendments to Decree 132 on related-party transactions in Vietnam?
On February 10, 2025, xem bóng đá trực tiếp nhà cái Government of Vietnam issued Decree 20/2025/ND-CP to amend and supplement several articles of Decree 132/2020/ND-CP by xem bóng đá trực tiếp nhà cái Government of Vietnam, stipulating tax administration for enterprises with related-party transactions.
To be specific, Decree 20 of 2025 will be effective as of March 27, 2025, and will be applied for xem bóng đá trực tiếp nhà cái 2024 CIT calculation period.
See xem bóng đá trực tiếp nhà cái full text of Decree 20/2025/ND-CP on amendments toNghị định 132/2020/NĐ-CPon related-party transactions... Tải về
Vietnam: What areamendments in Decree 20 of 2025 compared to Decree 132 of 2020?
Decree 20/2025/ND-CP... Tải vềhas amended and supplemented some regulations inNghị định 132/2020/NĐ-CPregarding tax administration for enterprises with related-party transactions. To be specific:
(1) Articles Amended and Supplemented
- on amendments to, supplementing points d, point k, and adding point m in clause 2 of Article 5 ofDecree 132/2020/ND-CPregarding parties with related relationships.
- on amendments to, supplementing clause 2 of Article 21 ofDecree 132/2020/ND-CPon xem bóng đá trực tiếp nhà cái responsibility of xem bóng đá trực tiếp nhà cái State Bank in controlling and providing information related to related-party transactions.
- Replacing Appendix 1 on Information about Related Parties and related-party transactions with a new Appendix issued along with Decree 20/2025/ND-CP... Tải về
(2) Transitional Provisions on Interest Expense from xem bóng đá trực tiếp nhà cái Tax Calculation Period 2020 - 2023
Enterprises with related parties and related-party transactions according to xem bóng đá trực tiếp nhà cái provisions inNghị định 132/2020/NĐ-CPand Decree 20/2025/ND-CP... Tải vềare treated for non-deductible interest expenses as follows:
- In case there are no related parties:
xem bóng đá trực tiếp nhà cái portion of non-deductible interest expenses from previous tax calculation periods (up to xem bóng đá trực tiếp nhà cái end of 2023) will be evenly allocated into xem bóng đá trực tiếp nhà cái subsequent tax calculation periods as prescribed in point b clause 3 of Article 16 ofDecree 132/2020/ND-CP.
- In case of having related parties and related-party transactions:
Non-deductible interest expenses from previous periods will be handled as prescribed in point b clause 3 of Article 16 ofDecree 132/2020/ND-CP.
What is xem bóng đá trực tiếp nhà cái Decree 20 of 2025 on amendments to Decree 132 on related-party transactions in Vietnam?(Image from Internet)
What are xem bóng đá trực tiếp nhà cái principles for applying related-party transactions in Vietnam?
According to Article 3 ofDecree 132/2020/ND-CP, xem bóng đá trực tiếp nhà cái principles when applying related-party transactions are stipulated as follows:
- Taxpayers with related-party transactions must eliminate elements that reduce tax obligations due to controlling influence of related relationships to declare and determine tax obligations for related-party transactions equivalent to independent transactions under xem bóng đá trực tiếp nhà cái same conditions.
- Tax authorities manage, inspect, and audit xem bóng đá trực tiếp nhà cái pricing of related-party transactions according to xem bóng đá trực tiếp nhà cái principle of independent transaction and xem bóng đá trực tiếp nhà cái substance of activities and transactions determining xem bóng đá trực tiếp nhà cái corresponding tax obligations with xem bóng đá trực tiếp nhà cái value generated from xem bóng đá trực tiếp nhà cái substance of xem bóng đá trực tiếp nhà cái transaction, production, and business activities of xem bóng đá trực tiếp nhà cái taxpayer, not recognizing related-party transactions that do not adhere to xem bóng đá trực tiếp nhà cái independent transaction principle that reduce xem bóng đá trực tiếp nhà cái taxpayer's obligations to xem bóng đá trực tiếp nhà cái state budget and adjusting xem bóng đá trực tiếp nhà cái transaction prices to accurately determine tax obligations as prescribed by this Decree.
What are xem bóng đá trực tiếp nhà cái rights and responsibilities of tax authorities in managing transfer prices in Vietnam?
According to Article 20 ofDecree 132/2020/ND-CP, xem bóng đá trực tiếp nhà cái responsibilities and powers of tax authorities in managing transfer prices include:
- Applying risk management in tax administration for transfer pricing pricing according to tax law.
+ Managing, using taxpayer information with related-party transactions to serve risk management tasks;
+ Applying risk management in planning inspections and audits for enterprises with related parties and related-party transactions;
+ Managing, utilizing xem bóng đá trực tiếp nhà cái country-by-country report of taxpayers for risk management tasks, exchanging information as per xem bóng đá trực tiếp nhà cái regulations and commitments of Vietnam in international tax agreements, not using it to arbitrarily assign tax.
- Tax authorities based on xem bóng đá trực tiếp nhà cái principles of analysis, comparison, and methods for determining transfer pricing transaction prices stipulated in this Decree, and xem bóng đá trực tiếp nhà cái tax obligation declaration information of enterprises with related-party transactions to apply tax determination in xem bóng đá trực tiếp nhà cái following cases:
+ Taxpayers violating tax laws but implementing complete accounting policies, invoices, receipts: xem bóng đá trực tiếp nhà cái revenue, expenses, or taxable income determination to establish tax obligations follows analysis principles, comparable transaction methods, and xem bóng đá trực tiếp nhà cái price determination database used in managing transfer pricing pricing stipulated in this Decree;
+ Other cases as defined in clause 2, Article 50 of xem bóng đá trực tiếp nhà cáiLaw on Tax Administration 2019dated June 13, 2019;
+ Tax authorities provide conditions for taxpayers to justify and clarify figures, data of independent comparable subjects used in xem bóng đá trực tiếp nhà cái Transfer Pricing Pricing Documentation.
- Tax authorities have xem bóng đá trực tiếp nhà cái right to determine price levels; profit margin levels; profit allocation ratios; taxable income or xem bóng đá trực tiếp nhà cái amount of corporate income tax payable for taxpayers not complying with regulations on declaration, determining related-party transactions; not providing or providing insufficient information, data to declare and determine transfer pricing pricing in xem bóng đá trực tiếp nhà cái following cases:
+ Taxpayers not declaring, incompletely declaring information, or failing to submit Appendix I issued withNghị định 132/2020/NĐ-CP;
+ Taxpayers providing incomplete information in xem bóng đá trực tiếp nhà cái Transfer Pricing Pricing Documentation outlined in Appendices II and III issued with this Decree or failing to present xem bóng đá trực tiếp nhà cái Transfer Pricing Pricing Documentation and data, documents used as xem bóng đá trực tiếp nhà cái basis for analysis, comparison, defining prices in xem bóng đá trực tiếp nhà cái Transfer Pricing Pricing Documentation as requested by xem bóng đá trực tiếp nhà cái tax authority within xem bóng đá trực tiếp nhà cái stipulated time inNghị định 132/2020/NĐ-CP. Information in xem bóng đá trực tiếp nhà cái Transfer Pricing Pricing Documentation is considered significant if it impacts xem bóng đá trực tiếp nhà cái outcome of analyzing xem bóng đá trực tiếp nhà cái choice of similar independent comparable objects; xem bóng đá trực tiếp nhà cái transfer pricing determination method, or xem bóng đá trực tiếp nhà cái result of adjusting xem bóng đá trực tiếp nhà cái price level, profit margin, profit allocation ratio of xem bóng đá trực tiếp nhà cái taxpayer;
+ Taxpayers using untruthful, incorrect information on independent transactions for analyzing, comparing, declaring transfer pricing pricing, or relying on illegal, invalid, or unspecified origin documents, data to determine xem bóng đá trực tiếp nhà cái price level, profit margin or profit allocation ratio applied to xem bóng đá trực tiếp nhà cái transfer pricing transaction;
+ Taxpayers violating regulations on determining transfer pricing pricing at Article 19 of this Decree;
+ xem bóng đá trực tiếp nhà cái database used for assigning tax follows xem bóng đá trực tiếp nhà cái regulations in xem bóng đá trực tiếp nhà cái Law on Tax AdministrationLuật Quản trực tiếp bóng đá việtdated June 13, 2019.
- Tax authorities are responsible for securing xem bóng đá trực tiếp nhà cái information provided by taxpayers related to determining transfer pricing pricing per xem bóng đá trực tiếp nhà cái Decree. Providing information to agencies and organizations follows provisions at clause 5, Article 3 ofDecree 132/2020/ND-CP.
- In cases where inspections identify issues with xem bóng đá trực tiếp nhà cái regulatory mechanism regarding industry-related policies, tax authorities shall seek opinions from related disciplines, specifically:
+ Specialized management agencies, industry-specific organizations, associational bodies;
+ Tax authorities shall provide relevant documentation, information concerning transfer pricing determination to sector-specific entities being consulted. Consulting entities are responsible for maintaining confidentiality according to legal provisions.
- Tax authorities will exchange information with taxpayers and partner tax authorities before, during, and after xem bóng đá trực tiếp nhà cái transfer pricing pricing inspection.
+ If tax administration for transfer pricing pricing requires prior information exchange with taxpayers regarding Appendix I attached toDecree 132/2020/ND-CPand xem bóng đá trực tiếp nhà cái taxpayer’s Transfer Pricing Pricing Documentation, tax authorities will propose consultations to discuss these beforehand perNghị định 132/2020/NĐ-CP;
+ For engagements with partner tax authorities relating to country-by-country profit reports and associated details, adhere to bilateral agreements and information exchange terms in relevant tax treaties. Tax authorities may inform taxpayers in writing of any necessary suspension on audits to engage in information exchanges as required by tax legislation.
- Tax authorities will implement automatic information exchange frameworks per Vietnam's international commitments and tax treaties. Annually, tax authorities will disclose a list of eligible foreign tax authorities for automatic information exchange concerning taxpayer country-by-country reports on xem bóng đá trực tiếp nhà cái tax department's electronic portal.
- Tax authorities undertake adjustments to transfer pricing determination following agreed bilateral terms in relevant tax treaties.
- Should tax authorities enter into Advance Pricing Agreements (APA) with taxpayers concerning transfer pricing determination methods, responsibilities entail:
+ Oversight and enforcement of related-party transactions not covered by xem bóng đá trực tiếp nhà cái APA using risk management principles;
+ Managing and verifying compliance with xem bóng đá trực tiếp nhà cái signed APA terms by taxpayers as per regulations.
