On June 18, 2021, the Ministry of Finance issued Circular No. 45/2021/TT-BTC guiding the application of the Advance Pricing Agreement (APA) in tax administration for enterprises with related-party transactions. This Circular takes effect from August 3, 2021 and replaces Circular No. 201/2013/TT-BTC guiding APA application issued previously, with the key contents as follows:
(i) Eligible transactions to be applied for APA;
(ii) Principles of APA application;
(iii) APA application procedures; rights and obligations of taxpayers;
(iv) APA effectiveness and implementation effectiveness.
Key changes in the Advance Pricing Agreement
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