On October 30, 2022, the Government issued Decree 91/2022/ND-CP amending Decree 126/2020/ND-CP guiding the Law on Tax Administration. Decree 91 takes effect from the time of promulgation.
tax administration
Key changes in the Advance Pricing Agreement
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.
Some new stipulations in tax sector
With the aim of creating favorable condition for enterprises, organizations, etc. to improve technological infrastructure in accordance with the regulations on electronic invoices, the Government has promulgated Decree 123/2020/ND-CP to replace Decree 119/2018/ND-CP providing stipulations on electronic invoices in goods transaction and services provision. Simultaneously, in order to enhance efficiency in tax administration management, the Government promulgated Decree 125/2020/ND-CP providing regulations on sanction for administrative violations of taxes and invoices.
