Vietnam Ministry Proposes Tweaks to Transfer Pricing Regulations

The Vietnamese Ministry of Finance proposed a new raft of reporting and transparency requirements for companies’ transfer pricing, or valuation of related-party transactions.

A draft decree Monday would clarify the rights and obligations of taxpayers in declaring and determining the transfer pricing, and change the country-by-country reporting threshold from the current 18 trillion VND of global consolidated income to the VND equivalent of 750 million euros, to keep rules in line with guidance from the Organization for Economic Cooperation and Development.

• The draft would also tweak rules around use of the database for declaring, determining, and managing transfer pricing.
• According ...