{"id":5086,"date":"2026-09-09T09:28:49","date_gmt":"2026-09-09T02:28:49","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=5086"},"modified":"2026-09-09T14:10:33","modified_gmt":"2026-09-09T07:10:33","slug":"ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/","title":{"rendered":"How is the exchange rate for determining the global consolidated revenue threshold determined?"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The exchange rate for the global consolidated revenue threshold is a minor technical detail, but it can determine whether a subsidiary in Vietnam is required to submit a Country-by-Country Report (CbCR), because the 750 million EUR threshold according to OECD standards is only meaningful when correctly converted to the reporting currency.<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-255-2026-ND-CP-quan-ly-thue-giao-dich-lien-ket-cua-doanh-nghiep-co-quan-he-lien-ket-713416.aspx\" rel=\"nofollow noopener\" target=\"_blank\"> Clause 6, Article 19 of Decree 255\/2026\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Although specific regulations exist for determining this exchange rate, many chief accountants still confuse the central exchange rate, the cross-exchange rate, and the reference point. This article systematically reviews the legal basis, calculation methods, and practical scenarios to help businesses proactively prepare for reporting deadlines.<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Vi_sao_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_khien_ke_toan_truong_tap_doan_da_quoc_gia_phai_luu_tam\" >Why are global consolidated revenue threshold exchange rates a matter of concern for the chief accountants of multinational corporations?<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Can_cu_phap_ly_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\" >Legal basis for determining the exchange rate for global consolidated revenue thresholds.<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Khoan_6_Dieu_19_Nghi_dinh_2552026ND-CP_quy_dinh_gi\" >What does Clause 6 of Article 19 of Decree 255\/2026\/ND-CP stipulate?<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Vi_sao_nguong_doanh_thu_hop_nhat_toan_cau_can_duoc_quy_doi_ra_mot_dong_tien_chung\" >Why is the global consolidated revenue threshold needed to be converted into a common currency?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Cach_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_tren_thuc_te\" >How to determine the actual global consolidated revenue threshold exchange rate.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Chon_ty_gia_trung_tam_hay_ty_gia_tinh_cheo\" >Should we choose the central exchange rate or the cross exchange rate?<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Moc_thoi_gian_tham_chieu_Thang_12_nam_lien_ke_truoc_nam_bao_cao\" >Reference period: December of the year immediately preceding the reporting year.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Vi_du_minh_hoa_cach_ap_dung_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\" >An example illustrating how to apply the global consolidated revenue threshold exchange rate.<\/a><\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Truong_hop_nao_phai_nop_Bao_cao_loi_nhuan_lien_quoc_gia_sau_khi_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\" >In which cases is a Country-by-Country Report required after adjusting for the global consolidated revenue threshold?<\/a><\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#4_sai_lam_thuong_gap_khi_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\" >4 common mistakes when determining the conversion rate for global consolidated revenue thresholds.<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Checklist_ra_soat_truoc_ky_nop_Bao_cao_loi_nhuan_lien_quoc_gia\" >Checklist for reviewing before submitting the Country-by-Country Report.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#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-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/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\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Cau_hoi_thuong_gap_ve_ty_gia_quy_doi_doanh_thu_hop_nhat_toan_cau\" >Frequently Asked Questions about Global Consolidated Revenue Exchange Rates<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_duoc_xac_dinh_theo_van_ban_nao\" >Which document specifies the exchange rate for determining the global consolidated revenue threshold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Vi_sao_co_hai_loai_ty_gia_de_lua_chon\" >Why are there two types of exchange rates to choose from?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Nam_lien_ke_truoc_nam_bao_cao_duoc_hieu_nhu_the_nao\" >How is the year immediately preceding the reporting year interpreted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Vuot_nguong_doanh_thu_hop_nhat_toan_cau_sau_khi_quy_doi_thi_co_chac_chan_phai_nop_Bao_cao_loi_nhuan_lien_quoc_gia_khong\" >If the consolidated global revenue threshold is exceeded after conversion, is it mandatory to submit a Country-by-Country Report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Bao_cao_loi_nhuan_lien_quoc_gia_duoc_nop_theo_hinh_thuc_nao_va_trong_thoi_han_bao_lau\" >In what format should the country-by-country earnings report be submitted, and within what timeframe?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau\/#Tap_doan_co_nhieu_cong_ty_thanh_vien_tai_Viet_Nam_thi_ai_chiu_trach_nhiem_nop_bao_cao\" >If a corporation has multiple subsidiary companies in Vietnam, who is responsible for submitting the reports?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_khien_ke_toan_truong_tap_doan_da_quoc_gia_phai_luu_tam\"><\/span><b>Why are global consolidated revenue threshold exchange rates a matter of concern for the chief accountants of multinational corporations?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The global consolidated revenue threshold exchange rate is the foreign exchange rate used to convert the global consolidated revenue of a multinational corporation, as prepared in consolidated financial statements in the currency of the ultimate parent company, into a common currency, for comparison with the threshold for submitting a Country-by-Country Report as required by each country or territory.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In other words, these are the financial figures before answering the crucial question:<\/span><\/p>\n<p style=\"text-align: justify;\"><i><span style=\"font-weight: 400;\">\u201c&quot;Did the group exceed the global consolidated revenue threshold (according to the OECD standard of 750 million EUR) in the immediately preceding fiscal year?&quot;\u201d<\/span><\/i><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A subsidiary company in Vietnam making an incorrect conclusion regarding the exchange rate for global consolidated revenue thresholds could lead to two contradictory but equally risky consequences:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Failing to fulfill the obligation to submit the Country-by-Country Report on Profits when the threshold has actually been exceeded;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Or submitting unnecessary information could lead to the disclosure of internal financial data beyond what is required.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">With Decree 255\/2026\/ND-CP officially applied from the corporate income tax period of 2026, the method for determining the exchange rate for the global consolidated revenue threshold has been clearly legalized, instead of being left for businesses to speculate as before.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_cu_phap_ly_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\"><\/span><b>Legal basis for determining the exchange rate for global consolidated revenue thresholds.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5090\" aria-describedby=\"caption-attachment-5090\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5090\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1.jpg\" alt=\"C\u0103n c\u1ee9 ph\u00e1p l\u00fd x\u00e1c \u0111\u1ecbnh t\u1ef7 gi\u00e1 quy \u0111\u1ed5i ng\u01b0\u1ee1ng doanh thu h\u1ee3p nh\u1ea5t to\u00e0n c\u1ea7u\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-tren-thuc-te-1-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5090\" class=\"wp-caption-text\">Legal basis for determining the exchange rate for global consolidated revenue thresholds.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">All content related to the exchange rate for converting the global consolidated revenue threshold is found in Article 19 of Decree 255\/2026\/ND-CP, the provision stipulating the responsibilities of taxpayers related to the Country-by-Country Profit Reporting.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Khoan_6_Dieu_19_Nghi_dinh_2552026ND-CP_quy_dinh_gi\"><\/span><b>What does Clause 6 of Article 19 of Decree 255\/2026\/ND-CP stipulate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is the direct and sole basis for determining the global consolidated revenue threshold exchange rate:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">The foreign exchange rate used to determine the consolidated revenue threshold is determined according to the central exchange rate or the average cross-exchange rate of December of the year preceding the reporting year, as published by the State Bank of Vietnam.<\/span><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The three elements in this regulation constitute the entire method for determining the global consolidated revenue threshold exchange rate:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Source of exchange rates<\/b><span style=\"font-weight: 400;\">Only exchange rates published by the State Bank of Vietnam may be used; commercial bank exchange rates or free market exchange rates are not permitted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Type of exchange rate<\/b><span style=\"font-weight: 400;\">There are two options: the central exchange rate or the average cross exchange rate, depending on the currency pair being converted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reference time<\/b><span style=\"font-weight: 400;\">Based on December of the year immediately preceding the reporting year, not December of the reporting year itself or the annual average.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_nguong_doanh_thu_hop_nhat_toan_cau_can_duoc_quy_doi_ra_mot_dong_tien_chung\"><\/span><b>Why is the global consolidated revenue threshold needed to be converted into a common currency?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The threshold for submitting a Country-by-Country Report is established according to OECD practice, typically referencing \u20ac750 million in consolidated global revenue for the fiscal year immediately preceding the reporting year. Meanwhile, the consolidated financial statements of the ultimate parent company may be prepared in USD, JPY, GBP, or another local currency depending on the country of operation.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Without a unified global consolidated revenue threshold exchange rate rule, each enterprise could choose a time when the exchange rate is favorable to it to avoid exceeding the threshold, distorting the transparency objectives of the global CbCR mechanism. This is why Clause 6 of Article 19 of Decree 255\/2026\/ND-CP rigidly locks down the source of exchange rates, the type of exchange rate, and the reference time, leaving no room for enterprises to choose freely.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cach_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_tren_thuc_te\"><\/span><b>How to determine the actual global consolidated revenue threshold exchange rate.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5091\" aria-describedby=\"caption-attachment-5091\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5091\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau.jpg\" alt=\"C\u00e1ch x\u00e1c \u0111\u1ecbnh t\u1ef7 gi\u00e1 quy \u0111\u1ed5i ng\u01b0\u1ee1ng doanh thu h\u1ee3p nh\u1ea5t to\u00e0n c\u1ea7u\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cach-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5091\" class=\"wp-caption-text\">How to determine the global consolidated revenue threshold exchange rate.<\/figcaption><\/figure>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chon_ty_gia_trung_tam_hay_ty_gia_tinh_cheo\"><\/span><b>Should we choose the central exchange rate or the cross exchange rate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The choice between the two exchange rates depends on the currency used for the consolidated financial statements of the ultimate parent company:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Central exchange rate<\/b><span style=\"font-weight: 400;\">This applies when direct conversion between VND and USD is required, as this is the exchange rate published daily by the State Bank of Vietnam as the basis for credit institutions to determine transaction exchange rates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average cross exchange rate<\/b><span style=\"font-weight: 400;\">This applies when the reporting currency of the ultimate parent company is not USD (e.g., EUR, JPY, GBP, CNY). In this case, the conversion is done indirectly through the cross exchange rate between VND and other foreign currencies published by the State Bank of Vietnam.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Using the correct exchange rate may seem simple, but it&#039;s the most common mistake when a company has its parent company headquartered outside the USD-based system. Many accountants automatically use the central VND\/USD exchange rate and manually convert it to a third currency, instead of referencing the correct cross-exchange rate published by the State Bank of Vietnam.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Moc_thoi_gian_tham_chieu_Thang_12_nam_lien_ke_truoc_nam_bao_cao\"><\/span><b>Reference period: December of the year immediately preceding the reporting year.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is the second most confusing detail in determining the exchange rate for the global consolidated revenue threshold. The &quot;reporting year&quot; here refers to the fiscal year in which global consolidated revenue is matched against the threshold for submitting the Country-by-Country Report, i.e., the fiscal year immediately preceding the reporting year as stipulated in other clauses of Article 19. The exchange rate to be used is neither the annual average nor the rate at the time of reporting, but a fixed rate. <\/span><b>December of the year immediately preceding the reporting year<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Setting a single point in time, instead of averaging or using the rate at the time of occurrence, completely eliminates the debate about &quot;which day of the year to use the exchange rate,&quot; an issue that caused confusion during the period before specific regulations were in place.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For corporations that need to systematically review their entire CbCR compliance record, consultation is essential.<\/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>from specialized, experienced units such as MAN \u2013 Master Accountant Network <span style=\"font-weight: 400;\">Right from the stage of determining the exchange rate for the global consolidated revenue threshold will help avoid discrepancies that could persist across multiple consecutive reporting periods.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_cach_ap_dung_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\"><\/span><b>An example illustrating how to apply the global consolidated revenue threshold exchange rate.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Suppose the ultimate parent company of a multinational corporation headquartered in Japan prepares consolidated financial statements in JPY. The CbCR reporting year is 2027, corresponding to the immediately preceding fiscal year of 2026.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 1 \u2013 Identify the reference timeframe:<\/b><span style=\"font-weight: 400;\"> According to Clause 6 of Article 19, the exchange rate to be used is the rate published in December 2026, not the average exchange rate for 2026 or the exchange rate at the time of submitting the 2027 report.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 2 \u2013 Determine the type of exchange rate:<\/b><span style=\"font-weight: 400;\"> Because the reporting currency is JPY and not USD, the subsidiary in Vietnam uses the average cross-exchange rate VND\/JPY published by the State Bank of Vietnam for December 2026, instead of converting it using the central VND\/USD exchange rate and then deriving the JPY.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 3 \u2013 Convert the 750 million EUR threshold (or equivalent amount as instructed) to JPY.<\/b><span style=\"font-weight: 400;\"> Using the aforementioned cross-exchange rate, compare it with the group&#039;s consolidated global revenue for 2026 (calculated in JPY) to determine whether the threshold is exceeded.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If a subsidiary company mistakenly uses the average exchange rate for the whole year of 2026 instead of the exchange rate for December 2026, or uses the central exchange rate instead of the cross-calculated exchange rate, the threshold comparison results could be significantly inaccurate, leading to incorrect conclusions regarding the obligation to submit the Country-by-Country Report.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Truong_hop_nao_phai_nop_Bao_cao_loi_nhuan_lien_quoc_gia_sau_khi_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\"><\/span><b>In which cases is a Country-by-Country Report required after adjusting for the global consolidated revenue threshold?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">After determining the conversion rate for the global consolidated revenue threshold and concluding that the group exceeds the consolidated revenue threshold, the next question is: does the subsidiary in Vietnam have to directly submit the Country-by-Country Profit Report? According to point b, clause 2, Article 19 of Decree 255\/2026\/ND-CP, taxpayers are only required to submit this report in one of the following cases:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The ultimate parent company is not obligated to prepare and submit a Country-by-Country Report of Profits in the country or territory where the ultimate parent company is a resident.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The country or territory where the ultimate parent company is a resident has an international tax treaty or international agreement with Vietnam, but does not have an agreement from a competent authority in effect with Vietnam at the time the report is due.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The country or territory where the ultimate parent company is a resident has an Agreement with the competent authorities of Vietnam, but there has been a failure to systematically exchange information, and this situation has been notified to the taxpayer in Vietnam.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>Points to note:<\/b><span style=\"font-weight: 400;\"> Even if the global consolidated revenue threshold conversion results show the group has exceeded the threshold, the subsidiary in Vietnam still <\/span><b>Are not<\/b><span style=\"font-weight: 400;\"> A Country-by-Country Report of Profits must be submitted if the ultimate parent company is not subject to reporting requirements in its country of residence because its global consolidated revenue, as reported in the group&#039;s consolidated financial statements, falls below the threshold required by that country, due to differences in revenue thresholds, currencies, or principles for determining revenue between countries.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The requirement to submit the Country-by-County Report under Clause b, Section 2, Article 19 shall only be fulfilled when Vietnam meets the conditions regarding information confidentiality, consistency, and proper use of information as stipulated in the regulations. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/luatvietnam.vn\/thue\/luat-quan-ly-thue-2025-so-108-2025-qh15-421539-d1.html\" rel=\"nofollow noopener\" target=\"_blank\">Point h, Clause 2, Article 30 of the 2025 Law on Tax Administration<\/a><\/span><\/strong><span style=\"font-weight: 400;\">; The tax authority is responsible for publicly disclosing the fulfillment of these conditions on the tax authority&#039;s website.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For corporations with more than one taxpayer in Vietnam, if the parent company designates a single entity as the lead entity, that entity is responsible for submitting the Notice of Entity to File the Country-by-Country Profit Reporting Report along with the designation document, and fulfilling its reporting obligations in accordance with the CbCR (Computer-Based Credentialing) automatic information exchange mechanism that Vietnam is a party to. Businesses can find more information on this mechanism in the article on...<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/co-che-trao-doi-thong-tin-tu-dong-cbcr\/\"> CbCR automatic information exchange mechanism<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> To understand how data will be shared between tax authorities in different countries after the report is submitted.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"4_sai_lam_thuong_gap_khi_xac_dinh_ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau\"><\/span><b>4 common mistakes when determining the conversion rate for global consolidated revenue thresholds.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5088\" aria-describedby=\"caption-attachment-5088\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5088\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau.jpg\" alt=\"4 sai l\u1ea7m th\u01b0\u1eddng g\u1eb7p khi x\u00e1c \u0111\u1ecbnh t\u1ef7 gi\u00e1 quy \u0111\u1ed5i ng\u01b0\u1ee1ng doanh thu h\u1ee3p nh\u1ea5t to\u00e0n c\u1ea7u\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/4-sai-lam-thuong-gap-khi-xac-dinh-ty-gia-quy-doi-nguong-doanh-thu-hop-nhat-toan-cau-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5088\" class=\"wp-caption-text\">4 common mistakes when determining the conversion rate for global consolidated revenue thresholds.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><b>First, use the annual average exchange rate instead of the December rate.<\/b><span style=\"font-weight: 400;\"> Paragraph 6 of Article 19 specifies the December date of the year immediately preceding the reporting year, not the 12-month average or the exchange rate at any point in the year.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Two, incorrect reference year.<\/b><span style=\"font-weight: 400;\"> Some businesses mistakenly used the December exchange rate of their own reporting year instead of the immediately preceding year, leading to conclusions about the global consolidated revenue threshold being off by a fiscal year.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Third, using the wrong type of exchange rate for currencies other than USD.<\/b><span style=\"font-weight: 400;\"> For the parent company that prepares reports in EUR, JPY, or other currencies, applying the central VND\/USD exchange rate directly instead of the cross-average exchange rate published by the State Bank of Vietnam is against regulations.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Fourth, omit the step of verifying the exemption conditions at point b, clause 2, Article 19.<\/b><span style=\"font-weight: 400;\"> Many businesses stop immediately after concluding that they have exceeded the global consolidated revenue threshold, forgetting to check whether the ultimate parent company actually has reporting obligations in its country of residence, leading to over- or under-submission of the Country-by-Country Report.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The review of all four points should be carried out simultaneously with the process. <\/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\/\">Create related party transaction records<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Each year, discrepancies in exchange rate conversions are often only revealed when cross-referencing with the global portfolio and the group&#039;s country-by-country earnings report.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Checklist_ra_soat_truoc_ky_nop_Bao_cao_loi_nhuan_lien_quoc_gia\"><\/span><b>Checklist for reviewing before submitting the Country-by-Country Report.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Here is a checklist for reviewing before submitting the Country-by-Country Report:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Correctly identify the \u201creporting year\u201d and the \u201cyear immediately preceding the reporting year\u201d according to the designation or internal regulations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the exchange rate published in December of the year immediately preceding the reporting year, not the annual average exchange rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the correct central exchange rate or cross-average exchange rate based on the reporting currency of the ultimate parent company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compare the consolidated global revenue after conversion against the threshold for filing a Country-by-Country Report.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Examine the exemption conditions under point b, clause 2, Article 19 before concluding on the reporting obligation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep a record of the designated contact person (if the corporation has multiple taxpayers in Vietnam) and the Notification of Reporting Entity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare the Country-by-Country Profit Report in encrypted XML format and submit it through the Tax Management Information System within 12 months from the end of the fiscal year of the ultimate parent company.<\/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;\">The exchange rate for the global consolidated revenue threshold, seemingly a minor technical detail in Decree 255\/2026\/ND-CP, is actually a crucial step before businesses can answer the larger question: whether the corporation is required to submit a Country-by-Country Profit Report in Vietnam.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Three things to remember:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The exchange rate must be based on the rate announced by the State Bank of Vietnam in December of the year immediately preceding the reporting year;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The type of exchange rate used, whether central or cross-calculated, depends on the reporting currency of the ultimate parent company.;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Even if the threshold is exceeded after conversion, the reporting obligation still requires further verification against the conditions in point b, clause 2, Article 19.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Businesses wishing to learn more about other changes in this document can refer to the comprehensive article for further information.<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/diem-moi-nghi-dinh-255-2026-nd-cp\/\"> New points in Decree 255\/2026\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> To grasp the overall picture before delving into specific responsibilities.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If your company&#039;s CbCR filing is still facing issues in determining the exchange rate for global consolidated revenue thresholds or identifying the reporting entity, MAN \u2013 Master Accountant Network&#039;s team of related-party transaction experts is ready to review it with your company before the filing deadline.<\/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><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>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Address:<\/b><span style=\"font-weight: 400;\"> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile\/Zalo:<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>E-mail:<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google Business Profile:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\">View MAN \u2013 Master Accountant Network&#039;s Google Business Profile\u00a0<\/a><\/span><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn Founder:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\">View expert Le Hoang Tuyen&#039;s LinkedIn profile.\u00a0<\/a><\/span><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Responsible for production and professional content review 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;\">. He is a CPA Vietnam auditor with over 30 years of in-depth experience in accounting, auditing, taxation, and corporate legal consulting.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_ty_gia_quy_doi_doanh_thu_hop_nhat_toan_cau\"><\/span><b>Frequently Asked Questions about Global Consolidated Revenue Exchange Rates<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ty_gia_quy_doi_nguong_doanh_thu_hop_nhat_toan_cau_duoc_xac_dinh_theo_van_ban_nao\"><\/span><b>Which document specifies the exchange rate for determining the global consolidated revenue threshold?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to Clause 6, Article 19 of Decree 255\/2026\/ND-CP, the exchange rate for converting the consolidated revenue threshold is determined according to the central exchange rate or the average cross-exchange rate of December of the year immediately preceding the reporting year, as published by the State Bank of Vietnam.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_co_hai_loai_ty_gia_de_lua_chon\"><\/span><b>Why are there two types of exchange rates to choose from?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The central exchange rate applies when directly converting between VND and USD; the average cross exchange rate applies when the ultimate parent company prepares consolidated financial statements in a currency other than USD, requiring indirect conversion through the cross exchange rate published by the State Bank of Vietnam.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nam_lien_ke_truoc_nam_bao_cao_duoc_hieu_nhu_the_nao\"><\/span><b>How is the year immediately preceding the reporting year interpreted?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is the fiscal year immediately preceding the year in which consolidated global revenue is matched against the threshold for filing a Country-by-Country Report. The reference exchange rate is taken in December of this year, not the reporting year.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vuot_nguong_doanh_thu_hop_nhat_toan_cau_sau_khi_quy_doi_thi_co_chac_chan_phai_nop_Bao_cao_loi_nhuan_lien_quoc_gia_khong\"><\/span><b>If the consolidated global revenue threshold is exceeded after conversion, is it mandatory to submit a Country-by-Country Report?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Not necessarily. According to point b, clause 2, Article 19, the reporting obligation also depends on whether the ultimate parent company has a reporting obligation in its country of residence, as well as the status of the Agreement between the competent authorities of that country and Vietnam.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Bao_cao_loi_nhuan_lien_quoc_gia_duoc_nop_theo_hinh_thuc_nao_va_trong_thoi_han_bao_lau\"><\/span><b>In what format should the country-by-country earnings report be submitted, and within what timeframe?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The report must be submitted in encrypted XML format via the Tax Management Information System no later than 12 months from the end of the fiscal year of the ultimate parent company of the reporting year.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tap_doan_co_nhieu_cong_ty_thanh_vien_tai_Viet_Nam_thi_ai_chiu_trach_nhiem_nop_bao_cao\"><\/span><b>If a corporation has multiple subsidiary companies in Vietnam, who is responsible for submitting the reports?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If the parent company designates a taxpayer in Vietnam as the designated entity, the designated entity shall submit the Notice of Entity to File the Country-by-Country Report of Profit and Loss along with the designation document and fulfill the reporting obligations on behalf of the entire group in Vietnam.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>T\u1ef7 gi\u00e1 quy \u0111\u1ed5i ng\u01b0\u1ee1ng doanh thu h\u1ee3p nh\u1ea5t to\u00e0n c\u1ea7u l\u00e0 chi ti\u1ebft k\u1ef9 thu\u1eadt nh\u1ecf nh\u01b0ng c\u00f3 th\u1ec3 quy\u1ebft \u0111\u1ecbnh m\u1ed9t c\u00f4ng ty th\u00e0nh vi\u00ean t\u1ea1i Vi\u1ec7t Nam c\u00f3 ph\u1ea3i n\u1ed9p B\u00e1o c\u00e1o l\u1ee3i nhu\u1eadn li\u00ean qu\u1ed1c gia (CbCR) hay kh\u00f4ng, b\u1edfi ng\u01b0\u1ee1ng 750 tri\u1ec7u EUR theo chu\u1ea9n OECD ch\u1ec9 c\u00f3 \u00fd ngh\u0129a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[],"class_list":["post-5086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nghi-dinh-255-2026-nd-cp"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5086","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=5086"}],"version-history":[{"count":3,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5086\/revisions"}],"predecessor-version":[{"id":5100,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/5086\/revisions\/5100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/5087"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=5086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=5086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=5086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}