Transfer Pricing

Updated Regulations on Transfer Pricing

According to Circular 66/2010/TT-BTC, main requirements on Transfer Pricing compliance are:

• Filing declaration of related party transactions to be submitted to the tax authority together with year-end CIT return; and
• Contemporaneous Transfer Pricing documentation to be prepared and maintained at the enterprise as an evidence of the arm’s length principle. Upon written request of the tax authority, the documentation must be submitted for review within 30 working days.

Nexia STT’s Solutions

Given the compliance requirements above, we are pleased to offer our services of “Transfer Pricing Review and Documentation”. We will, following the Vietnamese transfer pricing regulations and OECD guidelines, carry out a review of the Company’s circumstance and prepare a comprehensive documentation for transfer pricing purpose as follows:

• Analysis of the transactions under review;
• Company analysis;
• Industry analysis;
• Functional and risk analysis;
• Financial analysis;
• Selection of the most appropriate transfer pricing method;
• Research and selection of comparable for benchmarking purpose; and
• Deliverables and reporting.