Amended decree 68/2020/NĐ/CP on transfer pricing – favourable and retrospective changes to the cap on interest deductibility

25 June, 2020

On 24 June 2020, the Government released an amendment to Decree 20 relaxing the interest deductibility cap rules. These new rules took effect from the signing date. However, the more generous cap can be applied retrospectively, which will result in significant tax savings for many companies with debt financing.

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Nguyen Thanh Trung

Partner, Tax Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Nguyen Huong Giang

Partner, Tax Services, PwC Vietnam

Tel: +84 24 3946 2246