Vietnam: Update on transfer pricing filing due dates

06 March, 2018

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On 24 February 2017 the Vietnamese government released transfer pricing decree No.  20/2017/ND-CP: “Providing the tax administration applicable to enterprises having controlled transactions” (Decree 20). Decree 20, which is effective from 1 May 2017, is understood to apply to taxpayers with a year end after this date.

Importantly, Decree 20 introduced many new transfer pricing reporting and documentation requirements as well as new guidance on the tax deductibility of service and interest expenses. Taxpayers with December 2017 year ends are required to file the new transfer pricing declaration forms and prepare supporting documentation by 31 March 2018.  This represents a significant change from prior years.

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Get in touch

Richard J. Irwin
Chairman/Partner, Tax Services, PwC Vietnam
Tel: +84 28 3824 0117
Email

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