Pursuant to Decree No. 20/2025/ND-CP (Decree 20) dated February 10, 2025 amending and supplementing a number of articles of Decree No. 132/2020/ND-CP dated November 5, 2020 of the Government regulating tax management for enterprises with related-party transactions, the State Bank (SBV) within the scope of its tasks and powers is responsible for coordinating the provision of information and data on foreign loans and debt repayments of each specific enterprise with related-party transactions based on the list requested by the tax authority.

The information provided includes data on loan turnover, interest rate, interest payment period, principal payment, actual withdrawal, debt repayment (principal, interest) and other relevant information (if any).

The State Bank shall coordinate in providing information reported in accordance with the law on related persons of members of the board of directors, members of the board of members, members of the board of supervisors, general directors (directors), deputy general directors (deputy directors) and equivalent positions as prescribed in the charter of the credit institution; related persons of shareholders owning 1% or more of the charter capital of the credit institution; and affiliated companies of the credit institution according to the State Bank's management data information system when requested by the tax authority.

This requirement will help tax authorities more closely manage taxable entities. Previously, the Law on Credit Institutions 2024 also added a provision requiring credit institutions to provide information on related persons of shareholders owning 1% or more of the credit institution's charter capital.