Transactions proposed to apply APA are related-party transactions specified in Clause 2, Article 1 of Decree 132/2020/NĐ-CP of the Government, specifically:
Exception: Business transactions in goods and services subject to price adjustments that the State makes under laws on prices.
In addition, the transaction must simultaneously satisfy the following conditions:
Circular No. 45/2021/TT-BTC takes effect from August 3rd, 2021, and replaces Circular 201/2013/TT-BTC.
The information on principle, dossier, procedure, right and responsibility of the tax payer and tax authority in application of APA will be update in Crowe Vietnam’s later newsletter.