Decision No. 37/QD-BTC amends Point 4.1 Part C of Circular No. 117/2005/TT-BTC, modifies the effective date and does not apply to tax periods from 2006.
Key points
- Circular No. 117/2005/TT-BTC on determining market price in transactions between related parties
- Adjusts the effective date from the date of publication in the Official Gazette, does not apply to tax periods from 2006
🌐 Social impact of this document
- Reduces the legal burden for related parties in complying with the Circular
- Improves tax administration efficiency through adjustments in the application date
❓ Frequently asked questions
When does Circular No. 117/2005/TT-BTC take effect?
This Circular takes effect fifteen days after its publication in the Official Gazette.
For which tax period does this Circular apply?
This Circular does not apply to tax periods from 2006.
Who is responsible for implementing this Decision?
The Director General of the Tax Administration, Heads of units under the Ministry of Finance, and relevant organizations and individuals are responsible for implementing this Decision.
When does this amending Decision take effect?
This Decision takes effect from the date of signature.
Full text
Pursuant to …;
REGARDING THE CORRECTION OF Circular No. 117/2005/TT-BTC dated December 19, 2005 of the Ministry of Finance
GUIDING THE IMPLEMENTATION OF DETERMINING MARKET PRICE IN BUSINESS TRANSACTIONS BETWEEN PARTIES WITH ASSOCIATED RELATIONSHIPS
subject having a relationship of association
____________________________________________
THE MINISTER OF FINANCE
BASED ON THE LAW AMENDING AND SUPPLEMENTING CERTAIN PROVISIONS OF THE LAW ON LEGAL DOCUMENTS ISSUED ON DECEMBER 26, 2002;
Pursuant to Decree No. 104/2004/ND-CP dated March 23, 2004 on the Official Gazette of the Socialist Republic of Vietnam;
BASED ON Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Considering the proposal of the Director General of the State Tax总局副局长的提议，财政部部长发布关于修改和补充2013年12月31日财政部第215/2013/TT-BTC号通知有关强制执行行政决定的若干条款的通知如下：
DECISION:
Article 1. CORRECTING POINT 4.1 of PART C of Circular No. 117/2005/TT-BTC dated December 19, 2005 of the Ministry of Finance guiding the implementation of determining market price in business transactions between parties with associated relationships as follows:
CURRENTLY READS AS: "This Circular shall take effect fifteen days from the date of publication in the Official Gazette and shall apply to tax periods starting from 2006."
AMENDED TO READ: "This Circular shall take effect fifteen days from the date of publication in the Official Gazette."
Article 2. This Decision shall take effect from the date of signature. The Director of the General Department of Taxation, Heads of units under the Ministry of Finance, and relevant organizations and individuals are responsible for implementing this Decision./.
DEPUTY MINISTER
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