The Current Transfer Pricing Regulations are embodied in Circular 66/2010/TT-BTC dated 22 April 2010. Keeping pace with the changes in the global economic environment the draft transfer pricing decree has been released by the end of September 2016.

The draft Decree proposes sweeping changes which are made with an attempt to align the Transfer Pricing regulations with the Organization for Economic Co-operation and Development (“OECD”) and Base erosion and profit shifting (“BEPS”) recommendations and may have a far reaching impact on companies, providing additional heavy-burden on compliance and reporting requirements, face challenges with respect to claiming a deduction for certain group company expenses and limit the payment of interest within the stipulated safe harbor.

Accordingly, Deloitte has summarized some significant proposals of the draft decree for your information.

For more information, click Deloitte Vietnam_Tax Alert_Draft Decree on Transfer Pricing – October 2016 – En.