Vietnam Guidance on New Transfer Pricing Requirements including CbC Reporting

The Vietnam Ministry of Finance has released Circular 41/2017/TT-BTC (Circular 41) of 28 April 2017, which provides guidance on the application of Decree No. 20/2017/ND-CP ({News-2017-03-02/A/4-previous coverage}). The Decree introduced principles, methods, and procedures for determining transfer pricing, including the adoption of guidance and documentation requirements resulting from the BEPS Project. Some of the main points of the Circular 41 guidance include:

• In general, where a transact…