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Archives for Taxation

THE NEW LAW ON TAX ADMINISTRATION 38/2019/QH14

Below are some notable points: Tax risk management principles are introduced, with a focus on transfer pricing and enhancement of international cooperation ▪ New principles of tax administration are introduced, including independent transactions rules (“nguyên tắc giao dịch độc lập”),…

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Law on Tax Administration – Transfer pricing

Some of the key transfer pricing-related changes include: Transfer pricing declaration forms In 2017, Decree 20/2017/ND-CP introduced revised transfer pricing declaration forms that require the disclosure of detailed qualitative and quantitative information. Form No. 01 requires taxpayers to disclose financial…

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Law on Technology Transfer

Technology transfer penalties The National Assembly issued Decree 51/2019/ND-CP in June which sets out penalties under the Law on Technology Transfer 2017 (“LTT 2017”). LTT 2017 came into effect on 1 July 2018 and Decree 51 was issued to define…

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