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Affiliate transactions are business transactions arising between related parties. This connection contributes to effective business operations. To understand in more detail the regulations and notes on affiliate transactions, please refer to the following article.
Affiliate transactions are business activities that take place between parties that have an affiliate relationship.
According to the provisions of Clause 1, Article 5 of Decree 132/2020/ND-CP, the parties in an affiliate relationship are relationships belonging to one of the following coincidences:
Affiliate relationships occur when there is mutual influence between the parties participating in a transaction. Clause 2, Article 5 of Decree 132/2020/ND-CP stipulates that the following cases are considered to be related:
According to the provisions of Clause 2, Article 1 of Decree 132/2020/ND-CP, affiliated transactions include the following transactions:
Pursuant to Clause 1, Article 16 of Decree 132/2020/ND-CP, the following costs are not included in deductible costs when determining income subject to corporate income tax in the period, including:
According to the provisions of Clause 3, Article 18 of Decree 132/2020/ND-CP, taxpayers with related party transactions within the scope of this Decree are responsible for declaring information on related party relationships and related party transactions according to Appendix I, Appendix II, Appendix III issued with this Decree and submitting them together with the Corporate Income Tax Finalization Declaration.
However, the following cases will be exempt from tax declaration if the following conditions are met:
Due to the complexity of related party transactions, many businesses have difficulty complying with regulations. Long Phan provides in-depth consulting services to help businesses understand and meet related transaction requirements, including:
Using consulting services helps businesses avoid mistakes in declaring affiliated transactions, while optimizing costs and enhancing compliance with regulations. If you need consulting support, please contact Long Phan via the hotline 0906735386. We are ready to help you complete your documents, optimize costs and comply with regulations in affiliate transactions effectively.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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