On 10 February 2025, the Government of Vietnam issued Decree 20/2025/NĐ-CP (“Decree 20”), which introduces substantial revisions to the country’s transfer pricing regulations. The new provisions take effect from 27 March 2025 and apply from the 2024 corporate income tax (“CIT”) year. Decree 20 aims to address practical difficulties encountered under Decree 132/2020/NĐ-CP (“Decree 132”), particularly in relation to financing transactions with credit institutions, and to better align domestic law with the Law on Credit Institutions (No. 32/2024/QH15).

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Christine Schwarzl
Associate Principal
E-mail: Christine.Schwarzl@TaxiseAsia.com
Tel:+65 8962 8132