Vietnam: Reporting related-party transactions, arm’s length compliance

Vietnam: Related-party transactions, arm’s length

Taxpayers in Vietnam are now required to provide more information concerning their related-party transactions and their compliance with the arm’s length principle.

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Pursuant to prior guidance issued by the Ministry of Finance, taxpayers are to use Form 03-7/TNDN to disclose their related-party transactions for the tax period beginning 1 January 2014 and later. Form 03-7/TNDN is a new form that replaces Form GCN-01/QLT. 

Read a March 2015 report [PDF 228 KB] prepared by the KPMG member firm in Vietnam: Transfer Pricing Alert

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