Vietnam releases draft APA regulations

Tax Controversy & Dispute Resolution ()

The National Assembly of Vietnam introduced the mechanism for an Advance Pricing Arrangement (APA) programme in Vietnam as part of amendments made to the Law on Tax Administration (Law 21/2012/QH13), which became effective from 1 July 2013.

A draft implementing Circular has recently been prepared by the Ministry of Finance (MoF), which outlines the APA framework, governance, process, roles, responsibilities and mutual expectations for taxpayers and the Vietnamese authorities in applying for, negotiating and executing APAs.