CIRCULAR NO.201/2013/TT-BTC DATED 20 DECEMBER 2013 OF MOF IN GUIDANCE OF ADVANCE PRICE AGREEMENT ABOUT HOW TO DETERMINE ADVANCE PRICE AGREEMENT (APA) IN TAX ADMINISTRATION
Circular No.201/2013/TT-BTC in guidance of applying advance price agreement (APA) in tax administration. In which:
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The applied entities are enterprises performing business with the associated parties and have proposal form asking for applying APA.
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APA is applied on basis of tax authority and tax payers or Vietnamese tax authority and tax authority are partners who sign agreement and tax payers co-operate together to discuss, negotiate about applying regulations of Law for implementing CIT obligations from the associated parties on basis of principle about independent transactions in compliance with price in the market.
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Procedures of applying APA including 5 steps: Discussion before submitting official files; submitting official files; appraisal of APA files; Discussion, negotiation of APA; signing and issuing APA.
