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RAFFLES NIGHT – VIETNAM RELEASES NEW TRANSFER PRICING DECREE

Ho Chi Minh City 23 March 2017 -

On 24 Feb 2017, the Vietnamese government released transfer pricing (TP) decree No. 20/2017/ND-CP: “Providing tax administration applicable to enterprises having controlled transactions” (“Decree 20”), which will take effect from 1 May 2017. There are many changes related to tax administration for enterprises in the Decree but the highlight is new rule on transfer pricing (TP). The Decree provides new transfer pricing compliance requirements, including three-tiered TP documentation, new TP declaration forms, guidance on the deductibility of related party expenses, and interest deductibility, all of which are substantial changes to existing rules. It is believed that the Decree No.20 represents the most important development of the transfer pricing regime in Vietnam for the last ten years and it is critical for foreign companies investing into Vietnam to be aware of these new rules. The Singapore Business Group (SBG) would like to cordially invite you to the seminar “Raffles Night – Vietnam releases new transfer pricing decree” with the tax experts from Ernst & Young Vietnam to be updated of the latest developments in the tax law including Decree 20 as well as on recent areas of focus of the Tax Authorities in your audit activity. The discussion is being planned at the Pullman Saigon Centre in District 1, HCMC and is set on Thursday, 23rd March 2017. Event details are as follows: RAFFLES NIGHT – VIETNAM RELEASES NEW TRANSFER PRICING DECREE Date: Thursday, 23rd March 2017 Time: 6:00PM – 8:30PM Venue: Ballroom 1 – Level 1 – Pullman Saigon Centre - 148 Tran Hung Dao Boulevard, District 1, HCMC. Participation Fees: Formembers of SBG and the co-hosts: FREE ENTRANCE For non-members: VND 200,000/ per participant Complimentary food and drink for all attendees! Tentative Agenda: • 6.00PM: Registration • 6.30PM: Event commences • 7:30PM: Business Networking • 8:30PM: Event ends Advance registration is required. RSVP hereby Monday, March 20, 2017to assure your spot.SBG Secretariat will drop you an email within 72 hours to confirm your registration. Due to limited seating, kindly register only if your attendance is guaranteed. Any cancellation must be made 48 hours prior the event, otherwise no show fee will be charged. If you need any assistance, please contact SBG Secretariat at sbg@sbghcm.org or (+84) 8 6685 5370/71.

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