As the global economy becomes more integrated, nations are more engaged in effective ways to protect their tax bases. The Vietnamese authorities are increasing tax audit/ inspection frequency as well as supervising compliance on transfer pricing matters, especially for FDIs who have carried losses forward or had low profit margins for many years. The authorities continued to develop and improve transfer pricing regulations through various Decrees, Circulars since 2005 and currently are enforcing Decree 132/2020/ND-CP dated 05 November 2020 as the guideline for enterprises with related – party transactions.
Russell Bedford KTC’s Transfer Pricing Services team has the experience and also supported by a network of global transfer pricing professionals from Russell Bedford member firms around the world (especially Hong Kong and Malaysia) and from our associated experts in the field. This helps us look beyond borders and understand the nuances of different national tax regulations.
In addition, our local tax experts’ strong understanding of the Vietnamese regulations & compliance procedures (including Tax audit & inspection), could provide great assistance in working/ negotiating with tax authorities.
Our transfer pricing services include:
- Risk assessment reviews.
- Preparing related-party transaction documents.
- Consulting and supporting transfer pricing’s explanation documents.
- Supporting the preparation of advance pricing arrangements (APA).
- Consulting on procedures to determine the appropriate transfer price.
- Advising on resolving transfer pricing issues and representing enterprises in liaising with tax authorities.
