Vietnam releases new transfer pricing decree

At a glance

Download: Vietnam releases new transfer pricing decree

Vietnam’s new transfer pricing decree includes substantial changes to the existing transfer pricing regulations

On February 24, 2017, the Vietnamese government released transfer pricing decree No. 20/2017/ND-CP: “Providing tax administration applicable to enterprises having controlled transactions” (Decree 20), which will take effect from May 1, 2017. The new decree includes substantial changes to the existing transfer pricing regulations, including three-tiered transfer pricing documentation requirements, new transfer pricing declaration forms, and guidance on the deductibility of related-party expenses and interest.