• Service: Tax, Global Transfer Pricing Services, International Tax
  • Type: Regulatory update
  • Date: 1/6/2014

Vietnam - Procedures and rules for APA regime 

January 6: Vietnam’s Ministry of Finance has issued guidance establishing the application procedures, approval process, and governing rules for Vietnam’s advance pricing agreement (APA) regime.

Vietnam’s APA regime was added to the income tax law in July 2013.

The new guidance—Circular 201/2013/TT_BTC (20 December 2013)—is effective 5 February 2014 and includes rules under the APA regime concerning:

  • Eligible applicants
  • Scope and principles of application
  • APA competent authority
  • APA procedures
  • Duration and renewal of APAs
  • Obligations of taxpayers under APA regime
  • Confidential information under APA regime
  • Mutual agreement procedures (MAPs)
  • Compensating adjustments

Read a January 2014 report [PDF 543 KB] prepared by the KPMG member firm in Vietnam: Circular 201/2013/TT-BTC providing regulations on Advance Pricing Agreements

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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