On October 11, 2016, Vietnam’s Ministry of Finance released the discussion draft of a new transfer pricing decree: “Guidance on transfer pricing administration to combat transfer pricing and loss of tax revenue to the state budget.” This is projected to replace the existing transfer pricing regulations. In line with Vietnam’s tax reform plans, as well as the changing global landscape on transparency and anti-tax avoidance (BEPS), this revision was placed high on the agenda. The draft decree represents the most important development of the transfer pricing regime in Vietnam for the last 10 years. USFIA’s Premier Partner PwC prepared a summary of the decree, and provided a copy of the draft decree in English and Vietnamese. If you have questions, feel free to contact PwC’s Vietnam office via the contact information in the summary.
Summary of Vietnam's New Decree on Transfer Pricing