NEWSLETTER (Official Letter guiding Decree No. 68/2020/ND-CP)
On 24th July 2020, the General Department of Taxation issued Official Letter No. 2835/TCT-TTKT (OL 2835), containing the instruction for Decree No. 68/2020/ND-CP (Decree 68), which adjusts and supplements for Clause 3, Article 8, Decree No. 20/2017/ND-CP about tax administration for companies having related party transactions. OL 2835 shows the guidelines for the implementation and effects of Decree 68 for CIT finalization of year 2019 and the retrospective treatment for years 2017 and 2018 as follows: 1. For CIT finalization of year 2019: – In case companies have the deadline for CIT finalization of 2019 on 31st March 2020 and...