RELATED PARTY TRANSACTIONS

TRANSFER PRICING SERVICE

Transfer Pricing Service

Recently, the Organization for Economic Co-operation and Development (OECD) has announced action programs in the Base erosion and profit shifting (BEPS) initiative. Vietnam has rapidly adopted a number of contents. Primarily increasing the burden of preparing the price determination dossier in the related transactions for multinational corporations. Vinasc provide transfer pricing service to support the entities compliance with this regulation.

Provisions on transfer pricing in force

In 2017, Decree No. 20/2017/ND-CP and Circular No. 41/2017/TT-BTC were promulgated. Together with the increasing demand for documents and increase of penalties and strict enforcement by the tax authorities of Vietnam. At the same time, four bureaus of transfer pricing inspection have been established in Ho Chi Minh City, Binh Duong, Dong Nai and Long An. Never before has the foreign direct investment companies (FDIs) operating in Vietnam faced such tightening of management and the challenge of transfer pricing policy. The need to reduce the risk of fixing transfer price is more important than ever.

Transfer pricing services

Vinasc Transfer Pricing Services

Transfer Pricing consulting team includes experience experts on determining transfer price. As a result, we provide practical solutions for multinational corporations in Vietnam. Especially compliance with regulations on associated transaction prices, control of transfer pricing risks.

The services related to our related transactions include:

  • Service of compiling dossiers for determination of market prices in related transactions;
  • Service of preparing anti-transfer pricing documentation;
  • Support preparing the appendix of transaction information with related parties;
  • Evaluating the vulnerabilities in the dossiers of determination of market prices in related transactions;
  • Analyzing, selecting independent comparison objects from the global database;
  • Developing a strategy to determine prices of related transactions in line with the operating model;
  • Service to protect related transaction records before tax inspection on transfer pricing;

Finally, if you are interest in Vinasc’s Auditing Services in Vietnam, please contact us. As a result, we will send a letter of quotation for your consideration.

 

Explore further
Transfer Pricing in Vietnam Preparing transfer pricing documentation
OECD transfer pricing methods Preparing a benchmarking study
Benchmarking Drafting an advance pricing agreement
Masterfile requirements Transfer pricing policy planning
Local file requirements Drafting contracts
Country-by-country reporting Representing at government agencies

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