{"id":3817,"date":"2026-04-16T15:11:27","date_gmt":"2026-04-16T08:11:27","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=3817"},"modified":"2026-04-16T15:11:27","modified_gmt":"2026-04-16T08:11:27","slug":"diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/","title":{"rendered":"04 Key Changes in Decree 20\/2025 on Related-Party Transactions: Important Updates"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Against the backdrop of a global economy undergoing a significant shift toward tax transparency and fairness, the Vietnamese government has officially issued Decree No. 20\/2025\/N\u0110-CP. This is a strategic move aimed at refining the legal framework for tax administration regarding businesses engaged in related-party transactions, in line with international standards on combating base erosion and profit shifting (BEPS).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For Chief Financial Officers (CFOs) and Chief Accountants, understanding the key changes in Decree 20\/2025 on related-party transactions is not only a legal compliance requirement but also the key to optimizing costs and ensuring sustainable tax risk management. This article will provide a detailed analysis of the four most significant changes that businesses need to pay special attention to during the 2026 tax filing season.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Boi_canh_ra_doi_va_tam_anh_huong_cua_Nghi_dinh_202025ND-CP\" >The Background and Impact of Decree No. 20\/2025\/N\u0110-CP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Chi_tiet_04_Diem_moi_Nghi_dinh_202025_ve_giao_dich_lien_ket\" >Details on 4 New Provisions of Decree 20\/2025 on Related-Party Transactions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Mo_rong_va_lam_ro_pham_vi_cac_ben_co_quan_he_lien_ket\" >Expand and clarify the scope of affiliated parties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Sua_doi_quy_dinh_ve_khong_che_chi_phi_lai_vay_EBITDA\" >Amendments to the Regulations on Interest Expense Limits (EBITDA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Thay_doi_trong_quy_trinh_lap_va_nop_Ho_so_xac_dinh_gia_giao_dich_lien_ket\" >Changes to the Process for Preparing and Filing Related-Party Transaction Pricing Documentation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Tang_cuong_co_che_quan_ly_thue_bang_cong_nghe_va_du_lieu_lon\" >Strengthening Tax Administration Mechanisms Through Technology and Big Data<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Thach_thuc_va_Co_hoi_cho_doanh_nghiep_nam_2026\" >Challenges and Opportunities for Businesses in 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Thach_thuc_lon_cho_bo_phan_Ke_toan_%E2%80%93_Tai_chinh\" >A Major Challenge for the Accounting and Finance Department<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Co_hoi_de_chuan_hoa_quan_tri_doanh_nghiep\" >An Opportunity to Standardize Corporate Governance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Lo_trinh_tuan_thu_cho_doanh_nghiep\" >Compliance Roadmap for Businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Ket_luan\" >Conclude<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-20-2025-ve-giao-dich-lien-ket\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Boi_canh_ra_doi_va_tam_anh_huong_cua_Nghi_dinh_202025ND-CP\"><\/span><b>The Background and Impact of Decree No. 20\/2025\/N\u0110-CP<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Birth of <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-20-2025-ND-CP-sua-doi-Nghi-dinh-132-2020-ND-%D0%A1%D0%A0-quan-ly-thue-doanh-nghiep-co-giao-dich-lien-ket-642785.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Decree 20\/2025\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> This is in line with the trend of tightening tax oversight of multinational corporations and corporate groups with complex ownership structures. After more than four years of operation <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-132-2020-ND-CP-quy-dinh-quan-ly-thue-doi-voi-doanh-nghiep-co-giao-dich-lien-ket-452218.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Decree 132\/2020\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\">, a number of loopholes and practical difficulties have arisen, particularly regarding the determination of related-party relationships and the limitation of interest expense in various models or internal lending arrangements.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Decree No. 20\/2025 is expected to:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax Data Synchronization: Connecting the domestic tax management system with the OECD\u2019s global digital management system.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clarifying Legal Concepts: Minimizing disputes between tax authorities and taxpayers through specific guidance on the new provisions of Decree 20\/2025 regarding related-party transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Effective Transfer Pricing Control: Create a level playing field for businesses and prevent the shifting of profits from jurisdictions with high tax rates to those with low tax rates or tax incentives.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chi_tiet_04_Diem_moi_Nghi_dinh_202025_ve_giao_dich_lien_ket\"><\/span><b>Details on 4 New Provisions of Decree 20\/2025 on Related-Party Transactions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3820\" aria-describedby=\"caption-attachment-3820\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3820\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket.jpg\" alt=\"Ph\u00e2n t\u00edch chi ti\u1ebft nh\u1eefng \u0111i\u1ec3m m\u1edbi Ngh\u1ecb \u0111\u1ecbnh 20\/2025 v\u1ec1 giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Phan-tich-chi-tiet-nhung-diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-3820\" class=\"wp-caption-text\">A Detailed Analysis of the New Provisions in Decree 20\/2025 on Related-Party Transactions<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Below is an in-depth analysis of the four most significant changes that every business needs to address immediately to ensure tax compliance.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Mo_rong_va_lam_ro_pham_vi_cac_ben_co_quan_he_lien_ket\"><\/span><b>Expand and clarify the scope of affiliated parties<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">One of the most notable new provisions in Decree 20\/2025 on related-party transactions is the redefinition and addition of criteria for determining related-party relationships based on actual control.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In the past, businesses typically focused only on equity ownership ratios (direct or indirect 25%). However, under the new decree, tax authorities have expanded the scope of their oversight to include more sophisticated forms:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expanding the definition of family relationships: The decree specifies the list of relatives (spouse, parents, children, siblings, aunts, uncles, etc.) who hold management positions at various entities. This prevents the fragmentation of power through individuals with blood ties in order to avoid the 25% capital contribution threshold.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Practical governance criteria: If Company A has the right to appoint more than 50% members to the supervisory board or executive board of Company B, or has the right to determine key financial policies, then an affiliated relationship is established immediately, regardless of the equity ownership ratio.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exclusive business relationships: If a business supplies more than 50% of raw materials to, or purchases more than 50% of products from, another business, this may also be considered a related-party relationship if there are accompanying price-control agreements.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Understanding the key changes in Decree 20\/2025 on related-party transactions, as outlined in this section, will help businesses review their entire ecosystem and avoid overlooking related parties, which could lead to incomplete reporting of related-party transactions and the imposition of taxes.<\/span><\/p>\n<blockquote><p><b>See details:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cac-hinh-thuc-giao-dich-lien-ket\/\">Forms of related party transactions<\/a><\/span><\/strong><\/p><\/blockquote>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Sua_doi_quy_dinh_ve_khong_che_chi_phi_lai_vay_EBITDA\"><\/span><b>Amendments to the Regulations on Interest Expense Limits (EBITDA)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Regulations on interest expense caps have always been a matter of survival for capital-intensive businesses. The new provisions in Decree 20\/2025 on related-party transactions introduce adjustments that are more practical and business-friendly for companies:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30% EBITDA Ratio: The Decree continues to maintain the cap of 30% of total interest expense incurred (after deducting interest on deposits and interest on loans) relative to EBITDA. However, the formula for calculating EBITDA has been clarified: <\/span><b>EBITDA = Net profit from business operations + Interest expense + Depreciation expense<\/b><span style=\"font-weight: 400;\">. Excluding extraordinary income from the denominator provides an accurate reflection of the company\u2019s ability to pay interest from its core operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Expense Carryforward Mechanism: A groundbreaking new provision in Decree 20\/2025 on related-party transactions is the regulation regarding the carryforward of excess interest expenses. The entire amount of non-deductible interest expenses for the current year will be carried forward to the next tax period and deducted from taxable income if the total interest expenses for that year do not exceed 30% EBITDA. The maximum carryforward period is five consecutive years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scope of Application: The Decree clarifies which entities are exempt from this cap, such as credit institutions, insurance companies, and investment projects under the public-private partnership (PPP) model. This ensures that key infrastructure projects are not hindered by the tax burden, which could affect their implementation schedule.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thay_doi_trong_quy_trinh_lap_va_nop_Ho_so_xac_dinh_gia_giao_dich_lien_ket\"><\/span><b>Changes to the Process for Preparing and Filing Related-Party Transaction Pricing Documentation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Data transparency and consistency are prerequisites under the new provisions of Decree 20\/2025 on related-party transactions. The new regulations require businesses to prepare a set of documentation comprising three levels:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Country File (Local File): Requires a detailed analysis of related-party transactions and a comparison of sale and purchase prices with those of comparable independent parties in the market. The company must demonstrate differences in business conditions, risks, and intangible assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Global Group Master File: Provides an overview of the group\u2019s business model, global transfer pricing policies, and how profits are allocated among countries. This is a critical document for tax authorities to assess whether profits are being \u201ceroded\u201d out of Vietnam.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Country-by-Country Reporting (CbCR): Applies only to corporate groups with consolidated revenue above the specified threshold (typically 18,000 t\u1ef7 \u0111\u1ed3ng).<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In addition, another significant new provision in Decree 20\/2025 on related-party transactions is the standardization of reporting forms (Forms No. 01, 02, 03, and 04). These forms require the provision of more detailed information about foreign related parties, making it easier for tax authorities to conduct automatic exchange of information with other countries. If a business is unclear about these standards, using<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/dich-vu-lap-ho-so-giao-dich-lien-ket\/\"> related party transaction documentation service<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Professional expertise will help ensure the highest level of accuracy and compliance.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tang_cuong_co_che_quan_ly_thue_bang_cong_nghe_va_du_lieu_lon\"><\/span><b>Strengthening Tax Administration Mechanisms Through Technology and Big Data<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Starting in 2026, the Vietnamese tax authority will implement a data-driven smart audit system. This is the most significant deterrent provision in Decree 20\/2025 on related-party transactions:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AI and Big Data Systems: The tax authority will use algorithms to cross-check data from businesses\u2019 tax returns against data from related parties, customs data, and international data. Businesses with profit margins below the industry average for several consecutive years without a reasonable business justification will automatically be placed on the priority audit list.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automated Risk Management: Risk classification is performed entirely by computer. If a business has new items subject to Decree 20\/2025 on related-party transactions but fails to file a complete report or intentionally conceals related-party relationships, the system will issue a warning and require an immediate explanation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Penalties: Decree 20\/2025 introduces strict penalties for providing inaccurate information or failing to file documents on time. If a business cannot demonstrate the reasonableness of its transfer pricing, the tax authority has the right to determine the profit margin or transaction price based on its own data. To minimize this risk, businesses should consult<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/dich-vu-tu-van-giao-dich-lien-ket\/\"> related party transaction advisory services<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> to review and improve the document management system.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thach_thuc_va_Co_hoi_cho_doanh_nghiep_nam_2026\"><\/span><b>Challenges and Opportunities for Businesses in 2026<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3819\" aria-describedby=\"caption-attachment-3819\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3819\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep.jpg\" alt=\"\u0110i\u1ec3m m\u1edbi Ngh\u1ecb \u0111\u1ecbnh 20\/2025 v\u1ec1 giao d\u1ecbch li\u00ean k\u1ebft mang l\u1ea1i th\u00e1ch th\u1ee9c v\u00e0 c\u01a1 h\u1ed9i n\u00e0o cho doanh nghi\u1ec7p\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-Nghi-dinh-20_2025-ve-giao-dich-lien-ket-mang-lai-thach-thuc-va-co-hoi-nao-cho-doanh-nghiep-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-3819\" class=\"wp-caption-text\">What challenges and opportunities do the new provisions of Decree 20\/2025 on related-party transactions present for businesses?<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">From the perspective of an expert on related-party transactions, MAN\u2014Master Accountant Network\u2014notes that the new provisions of Decree 20\/2025 on related-party transactions are creating a new landscape for the market:<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thach_thuc_lon_cho_bo_phan_Ke_toan_%E2%80%93_Tai_chinh\"><\/span><b>A Major Challenge for the Accounting and Finance Department<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Businesses need an extremely accurate data management system. Even the slightest error in calculating EBITDA or misidentifying an affiliated party can lead to massive financial consequences. The time pressure involved in preparing the valuation report is also a significant challenge, as requirements for comparable data become increasingly stringent.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Co_hoi_de_chuan_hoa_quan_tri_doanh_nghiep\"><\/span><b>An Opportunity to Standardize Corporate Governance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Compliance with the new provisions of Decree 20\/2025 on related-party transactions helps businesses review the operational efficiency of each business segment. The mechanism for transferring interest expense allows companies in the investment phase or experiencing planned losses to preserve their future tax benefits. Furthermore, tax transparency is a major advantage when a business seeks to raise international capital or conduct an IPO.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Lo_trinh_tuan_thu_cho_doanh_nghiep\"><\/span><b>Compliance Roadmap for Businesses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To best adapt to the new provisions of Decree 20\/2025 on related-party transactions, businesses should follow the four-step roadmap below:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1: Review Related-Party Relationships: Use the new criteria set forth in Decree 20\/2025 to redraw the related-party relationship diagram, including both executives and their relatives.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2: EBITDA Analysis and Forecast: Calculate the maximum deductible interest expense. If the forecast exceeds the 30% cap, consider options to restructure cash flow or convert debt into equity, if appropriate. At the same time, carefully review the conditions to determine whether the company qualifies for<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/mien-lap-ho-so-giao-dich-lien-ket\/\"> Exemption from filing related-party transaction records.<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> or not, to save on compliance costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3: Prepare a pricing documentation file early: Don\u2019t wait until the end of the year. Benchmarking should be conducted on a quarterly basis to promptly adjust transfer prices to the arm\u2019s-length range.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Digitize Tax Processes: Use tax management software to store documentation related to related-party transactions. Remember that in the age of AI, complete and logically organized documentation is your business\u2019s best defense.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A thorough understanding and flexible application of the new provisions in Decree 20\/2025 on related-party transactions not only help businesses avoid legal risks but also demonstrate business ethics and social responsibility. Decree 20\/2025 is a major step forward, bringing fairness to the market but also requiring businesses to elevate their financial management capabilities.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Contact MAN \u2013 Master Accountant Network to receive free support and advice from our team of affiliate marketing experts!<\/span><\/p>\n<p style=\"text-align: justify;\"><div class=\"su-button-center\"><a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/lien-he\/\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#d9534f;border-color:#ae4340;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 22px;font-size:17px;line-height:34px;border-color:#e58784;border-radius:5px;text-shadow:none\">  Contact Us for Consultation <\/span><\/a><\/div>\n<p style=\"text-align: justify;\">\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Contact information MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mobile\/Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Email: man@man.net.vn<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Content production by: Mr. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">Le Hoang Tuyen<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u2013 Founder &amp; CEO MAN \u2013 Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Trong b\u1ed1i c\u1ea3nh kinh t\u1ebf to\u00e0n c\u1ea7u \u0111ang chuy\u1ec3n m\u00ecnh m\u1ea1nh m\u1ebd h\u01b0\u1edbng t\u1edbi s\u1ef1 minh b\u1ea1ch v\u00e0 c\u00f4ng b\u1eb1ng v\u1ec1 thu\u1ebf, Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam \u0111\u00e3 ch\u00ednh th\u1ee9c ban h\u00e0nh Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP. \u0110\u00e2y l\u00e0 m\u1ed9t b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c nh\u1eb1m ho\u00e0n thi\u1ec7n h\u00e0nh lang ph\u00e1p l\u00fd v\u1ec1 qu\u1ea3n l\u00fd thu\u1ebf \u0111\u1ed1i v\u1edbi doanh [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=3817"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3817\/revisions"}],"predecessor-version":[{"id":3821,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3817\/revisions\/3821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/3818"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=3817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=3817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=3817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}