{"id":4282,"date":"2026-06-04T15:11:53","date_gmt":"2026-06-04T08:11:53","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=4282"},"modified":"2026-06-04T15:11:53","modified_gmt":"2026-06-04T08:11:53","slug":"noi-dung-master-file","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/","title":{"rendered":"Details of the Master File content according to Decree 132"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Related-party transactions are always a top focus in tax audit campaigns. This is especially true for multinational corporations and foreign-invested enterprises (FDI) operating in Vietnam, where preparing the necessary documentation is crucial. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-xac-dinh-gia-giao-dich-lien-ket\/\">Transfer pricing determination dossier<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> It is no longer a recommendation but a legally binding obligation.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In this file, <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-toan-cau-master-file\/\">Master File<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Master files play a crucial role in providing a comprehensive overview of a corporation&#039;s value chain internationally. However, many businesses still struggle to create or review these documents due to a lack of understanding of legal frameworks. To avoid the risks of tax assessments and severe administrative penalties, a thorough understanding and accurate completion of Master files in accordance with current legal regulations is absolutely essential.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This article will provide a detailed analysis of the Master File&#039;s content and the requirements that constitute this document, helping businesses proactively and effectively manage tax risks.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 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\/noi-dung-master-file\/#Ho_so_toan_cau_la_gi\" >What is a global profile?<\/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\/noi-dung-master-file\/#Co_so_phap_ly_quy_dinh_noi_dung_Master_File_tai_Viet_Nam\" >Legal basis governing the content of Master Files in Vietnam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Chi_tiet_05_nhom_thong_tin_bat_buoc_trong_noi_dung_Master_File_theo_Nghi_dinh_132\" >Details of the 5 mandatory information categories in the Master File content according to Decree 132.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Nhom_1_Co_cau_to_chuc_va_so_do_so_huu_cua_Tap_doan_toan_cau_trong_noi_dung_Master_File\" >Group 1: Organizational structure and ownership chart of a global corporation in the Master File<\/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\/noi-dung-master-file\/#Nhom_2_Cac_hoat_dong_kinh_doanh_chinh_cua_Tap_doan_duoc_trinh_bay_trong_noi_dung_Master_File\" >Group 2: The Group&#039;s main business activities are presented in the Master File.<\/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\/noi-dung-master-file\/#Nhom_3_Tai_san_vo_hinh_cua_Tap_doan\" >Group 3: Intangible Assets of the Corporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Nhom_4_Hoat_dong_tai_chinh_noi_bo_trong_Tap_doan\" >Group 4: Internal financial activities within the Group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Nhom_5_Bao_cao_tai_chinh_va_vi_the_thue_cua_Tap_doan\" >Group 5: Financial statements and tax position of the Group<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Doi_tuong_nao_bat_buoc_phai_chuan_bi_va_xuat_trinh_Master_File\" >Who is required to prepare and submit a Master File?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Doi_tuong_ap_dung_va_Thoi_han_lap_ho_so\" >Applicable subjects and deadlines for submitting documents.<\/a><\/li><\/ul><\/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\/noi-dung-master-file\/#Rui_ro_phap_ly_va_luu_y_khi_ke_khai_noi_dung_Master_File_cho_doanh_nghiep_FDI\" >Legal risks and considerations when declaring Master File content for FDI enterprises.<\/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\/noi-dung-master-file\/#Rui_ro_khong_nhat_quan_thong_tin\" >Risk of information inconsistency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Rui_ro_ve_ngon_ngu_va_chat_luong_dich_thuat_thuat_ngu_chuyen_nganh\" >Risks related to language and translation quality of specialized terminology.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#Khuyen_nghi_tu_chuyen_gia_cua_MAN_%E2%80%93_Master_Accountant_Network\" >Recommendations from experts at MAN \u2013 Master Accountant Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#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-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/noi-dung-master-file\/#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=\"Ho_so_toan_cau_la_gi\"><\/span><b>What is a global profile?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The global file (also known as the Master File) is a crucial component of the Transfer Pricing Documentation. Unlike the Local File, which focuses only on transactions of entities in Vietnam, the Master File provides a comprehensive, global overview of the business operations of the entire multinational corporation. This document helps the local tax authorities understand the operating model, profit allocation strategy, internal pricing policies, and how the corporation distributes risk and contributes value across countries.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Co_so_phap_ly_quy_dinh_noi_dung_Master_File_tai_Viet_Nam\"><\/span><b>Legal basis governing the content of Master Files in Vietnam<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4285\" aria-describedby=\"caption-attachment-4285\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4285\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam.jpg\" alt=\"C\u01a1 s\u1edf ph\u00e1p l\u00fd quy \u0111\u1ecbnh n\u1ed9i dung Master File t\u1ea1i Vi\u1ec7t Nam\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Co-so-phap-ly-quy-dinh-noi-dung-Master-File-tai-Viet-Nam-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4285\" class=\"wp-caption-text\">Legal basis governing the content of Master Files in Vietnam<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Vietnam, the obligation to prepare and submit this documentation is clearly legalized. The supreme legal basis governing this matter is: <\/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 No. 132\/2020\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> The Government&#039;s regulations issued on November 5, 2020, officially effective from December 20, 2020, stipulate tax management for enterprises with related-party transactions. In addition, businesses should note the following updates. <\/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 No. 20\/2025\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Effective from March 27, 2025, this document incorporates the latest revisions to the criteria for identifying related parties and deductible interest expenses.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Specifically, the list of mandatory information and documents that must be included in the Master File is detailed in Appendix III attached to this Decree. To ensure the validity of the Master File, businesses must strictly adhere to each item listed, avoiding the provision of incorrect or incomplete documents that could lead to the risk of the Tax authorities applying measures to assess the tax rate or net profit margin.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chi_tiet_05_nhom_thong_tin_bat_buoc_trong_noi_dung_Master_File_theo_Nghi_dinh_132\"><\/span><b>Details of the 5 mandatory information categories in the Master File content according to Decree 132.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4284\" aria-describedby=\"caption-attachment-4284\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4284\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132.jpg\" alt=\"Chi ti\u1ebft 05 nh\u00f3m th\u00f4ng tin b\u1eaft bu\u1ed9c trong n\u1ed9i dung Master File theo Ngh\u1ecb \u0111\u1ecbnh 132\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Chi-tiet-05-nhom-thong-tin-bat-buoc-trong-noi-dung-Master-File-theo-Nghi-dinh-132-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4284\" class=\"wp-caption-text\">Details of the 5 mandatory information categories in the Master File content according to Decree 132.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to Appendix III issued with Decree 132\/2020\/ND-CP, the content structure of the Master File must include all five core information groups listed below. A deficiency in any of these information groups may result in the document being deemed invalid during an inspection.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhom_1_Co_cau_to_chuc_va_so_do_so_huu_cua_Tap_doan_toan_cau_trong_noi_dung_Master_File\"><\/span><b>Group 1: Organizational structure and ownership chart of a global corporation in the Master File<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The first requirement in the Master File is to clearly outline the legal ownership structure and geographical location of all member entities within the group:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ownership structure diagram: Shows the direct or indirect shareholding ratio between the ultimate parent company and its subsidiaries and affiliated companies worldwide.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Geographic location: A list of countries or territories where members are registered and actually operate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supply chain diagram: Shows the flow of the group&#039;s key products and services (focusing on segments that account for 51% or more of the group&#039;s revenue).<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhom_2_Cac_hoat_dong_kinh_doanh_chinh_cua_Tap_doan_duoc_trinh_bay_trong_noi_dung_Master_File\"><\/span><b>Group 2: The Group&#039;s main business activities are presented in the Master File.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This section requires the business to provide a detailed explanation of how the corporation generates profits. The core information that must be clarified in the Master File includes:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Profit-driving factors: Analyzing the core elements that enable a corporation to compete and be profitable in the market (e.g., superior technology, extensive distribution network, economies of scale...).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supply chain description: An in-depth analysis of the value flow from research and development (R&amp;D), manufacturing, marketing to the final distribution of products or services for major product lines.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal service agreements: A list and summary of service agreements between affiliated parties (excluding R&amp;D services), including the capabilities of service providers and the policy for allocating service costs within the group.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Value Contribution Analysis: This report provides a brief overview of the value contribution of members within the global supply chain.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhom_3_Tai_san_vo_hinh_cua_Tap_doan\"><\/span><b>Group 3: Intangible Assets of the Corporation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Intangible assets (such as copyrights, trademarks, proprietary technology, technical know-how, etc.) are always a focus of tax authorities when auditing transfer pricing. Therefore, the Master File must clearly demonstrate the following:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intangible Asset Development Strategy: A general description of the corporation&#039;s strategy regarding research and development (R&amp;D), ownership, protection, and commercial exploitation of intangible assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">List of significant intangible assets: List the intangible assets or groups of intangible assets that are significant to the group&#039;s operations and specify which entity within the group legally owns them.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intangible Asset Linkage Agreements: List agreements between related parties relating to intangible assets, including cost-sharing agreements, R&amp;D service agreements, and licensing agreements.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technology Transfer Policy: A general description of the group&#039;s transfer pricing policy for transactions related to R&amp;D and intangible assets.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhom_4_Hoat_dong_tai_chinh_noi_bo_trong_Tap_doan\"><\/span><b>Group 4: Internal financial activities within the Group<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The way internal cash flows directly reflects the risk of tax revenue erosion. Therefore, in the Master File, businesses must provide information on:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capital raising mechanism: A general description of how the corporation raises financial resources from independent parties (e.g., bank loans, bond issuance) and how this capital is reallocated to its member units.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal financial center: Identify the members performing the group&#039;s centralized financial function (if any), the country where those members are incorporated, and where they are actually managed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Related-party financial transaction pricing policy: A general description of the group&#039;s transfer pricing policy related to internal financial agreements (such as long-term\/short-term loans, loan guarantees, etc.).<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhom_5_Bao_cao_tai_chinh_va_vi_the_thue_cua_Tap_doan\"><\/span><b>Group 5: Financial statements and tax position of the Group<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The final set of information aims to help tax authorities reconcile the consistency between financial reports and actual global tax obligations:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidated Financial Statements: Provide the consolidated financial statements for the fiscal year of the group for the corresponding tax period (if prepared for financial reporting, management reporting, or other management\/tax purposes).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advance Pricing Agreements (APAs): A list and brief description of any unilateral, bilateral, or multilateral APAs signed, or other tax rulings relating to the allocation of income among the countries in which the corporation operates.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doi_tuong_nao_bat_buoc_phai_chuan_bi_va_xuat_trinh_Master_File\"><\/span><b>Who is required to prepare and submit a Master File?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Although filing is mandatory, the Vietnamese government has also issued specific regulations on applicable entities and exemptions to alleviate the compliance burden for small businesses or those with low transfer pricing risk. Determining whether a business is required to prepare a Master File is based on the following very specific quantitative criteria.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doi_tuong_ap_dung_va_Thoi_han_lap_ho_so\"><\/span><b>Applicable subjects and deadlines for submitting documents.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Vietnam, all businesses with related-party transactions are required to declare and prepare a Transfer Pricing Documentation file, including a Local File and a Master File, except in cases where otherwise permitted. <\/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;\"> Specifically as stipulated by law.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deadline for preparation: The documents must be prepared before the annual corporate income tax (CIT) final settlement deadline (March 31st).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submission deadline: The Master File must be readily available. When the Tax Authority announces a decision to audit or inspect transfer pricing, the enterprise must submit this file within no more than 15 working days from the date of receiving the request from the Tax Authority.<\/span><\/li>\n<\/ul>\n<blockquote><p><b>Note:<\/b><span style=\"font-weight: 400;\"> Even though businesses are exempt from preparing Transfer Pricing Documentation, they are still required to submit information forms regarding related-party relationships and related-party transactions along with their Corporate Income Tax Return.<\/span><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rui_ro_phap_ly_va_luu_y_khi_ke_khai_noi_dung_Master_File_cho_doanh_nghiep_FDI\"><\/span><b>Legal risks and considerations when declaring Master File content for FDI enterprises.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4283\" aria-describedby=\"caption-attachment-4283\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4283\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI.jpg\" alt=\"R\u1ee7i ro ph\u00e1p l\u00fd v\u00e0 l\u01b0u \u00fd khi k\u00ea khai n\u1ed9i dung Master File cho doanh nghi\u1ec7p FDI\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/06\/Rui-ro-phap-ly-va-luu-y-khi-ke-khai-noi-dung-Master-File-cho-doanh-nghiep-FDI-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4283\" class=\"wp-caption-text\">Legal risks and considerations when declaring Master File content for FDI enterprises.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In practice, through its tax audit consulting and support services, MAN \u2013 Master Accountant Network has observed that FDI businesses in Vietnam often face three risks when preparing their Master File:<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rui_ro_khong_nhat_quan_thong_tin\"><\/span><b>Risk of information inconsistency<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is the most common mistake and the easiest for tax authorities to exploit. Many FDI businesses simply receive global documentation files from their parent companies abroad and then translate them without carefully comparing them with the actual situation in Vietnam.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If the description of functions, assets, risks, or supply chain diagrams in the Master File contradicts the information presented in the Local File or the data declared in Appendix I, the Tax Authority will immediately suspect the accuracy of the file. This inconsistency provides a solid basis for the audit team to reject the company&#039;s file and proceed with tax assessment.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rui_ro_ve_ngon_ngu_va_chat_luong_dich_thuat_thuat_ngu_chuyen_nganh\"><\/span><b>Risks related to language and translation quality of specialized terminology.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Global tax filings prepared by the parent company typically use English or the language of the parent company&#039;s home country. According to Vietnamese law, when submitting these documents to the tax authorities, businesses must translate them into Vietnamese.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Using general translation services that lack in-depth knowledge of transfer pricing can easily lead to misinterpretations of sensitive financial and tax terms (for example, confusing &quot;royalty&quot; with &quot;service fee,&quot; or misunderstanding the nature of intangible asset ownership). This inadvertently creates unnecessary legal risks for businesses.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Khuyen_nghi_tu_chuyen_gia_cua_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Recommendations from experts at MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To best protect the company&#039;s interests and ensure the highest level of compliance, the CFO and accounting department need to proactively implement the following solutions:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proactive periodic review: Don&#039;t wait until an inspection decision is made to contact the parent company to request documents. Businesses should proactively request the parent company to provide the Master File contents immediately after the end of the fiscal year to conduct an early review.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cross-referencing: Conduct a rigorous comparison of data and descriptive information between the Master File, Local File, and related-party transaction declaration appendices to detect and address any inconsistencies immediately.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collaborating with independent consultants: Related-party transactions and transfer pricing are highly technical and risky areas of business. Working with specialized firms is essential. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/dich-vu-tu-van-chuyen-gia\/\">Transfer pricing advisory services<\/a><\/span><\/strong><span style=\"font-weight: 400;\">, Professional auditing will help businesses comprehensively review their records from the perspective of a true tax auditor, optimize document structure, and confidently present their case during inspections.<\/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;\">Preparing a complete, accurate, and consistent Master File in accordance with the spirit of Decree 132\/2020\/ND-CP is not only a legal compliance obligation but also a solid shield to help FDI enterprises protect their business results against transfer pricing audits.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If your business is struggling to gather information from the parent company, review the consistency of its Global Profile, or needs a solution. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/tu-van-chuyen-gia\/\">Transfer pricing consultancy<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> In-depth study to complete the Transfer Pricing Documentation.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/lien-he\/\">Contact MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> For free support and advice!<\/span><\/p>\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 \u2013 Founder &amp; CEO of MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\">, CPA Vietnam auditors with over 30 years of experience in accounting, auditing, and financial consulting.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Giao d\u1ecbch li\u00ean k\u1ebft lu\u00f4n l\u00e0 tr\u1ecdng t\u00e2m h\u00e0ng \u0111\u1ea7u trong c\u00e1c chi\u1ebfn d\u1ecbch thanh ki\u1ec3m tra c\u1ee7a c\u01a1 quan Thu\u1ebf. \u0110\u1eb7c bi\u1ec7t, \u0111\u1ed1i v\u1edbi c\u00e1c t\u1eadp \u0111o\u00e0n \u0111a qu\u1ed1c gia v\u00e0 doanh nghi\u1ec7p c\u00f3 v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i (FDI) \u0111ang ho\u1ea1t \u0111\u1ed9ng t\u1ea1i Vi\u1ec7t Nam, vi\u1ec7c chu\u1ea9n b\u1ecb b\u1ed9 H\u1ed3 s\u01a1 x\u00e1c \u0111\u1ecbnh [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4282","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\/4282","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=4282"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/4282\/revisions"}],"predecessor-version":[{"id":4287,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/4282\/revisions\/4287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/4286"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=4282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=4282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=4282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}