NEWSLETTER JUNE 2021
Tax administration Application of Advance Pricing Arrangement (APA) in tax management of enterprises with related party transactions On 18 June 2021, the Ministry of Finance issued Circular No. 45/2021/TT-BTC guiding the application of APA in tax management of enterprises with related party transactions. Details are as follows: – Subject of application: Organizations producing, trading goods/services that pay corporate income tax under declaration method, have transactions with related party, and have been requested to apply APA. – Transactions to which a taxpayer can request application of APA must be: + Actually occurred transactions that will continue to arise during the APA...