Transfer Pricing Documentation Consulting Services – TGS Vietnam

In the context of global economic integration, enterprises engaged in transactions with related parties must strictly comply with transfer pricing regulations to mitigate tax risks and optimize profits. Transfer pricing regulations help businesses avoid retroactive tax collection and penalties imposed by tax authorities. Transfer pricing documentation supports enterprises in demonstrating the independence of their intercompany transactions. By adhering to regulations and maintaining clear documentation, businesses can minimize the risk of sanctions from tax authorities.

1. Why Do Enterprises Need Transfer Pricing Documentation Consulting?

a. Compliance with Legal Regulations
According to Decree 132/2020/ND-CP and Circular 41/2017/TT-BTC, enterprises involved in related-party transactions must prepare and maintain documentation to prove adherence to the arm's length principle. Non-compliance can lead to:

• Tax reassessment and late payment penalties.

• Increased compliance costs due to audits and inspections.

• Reputational damage to the enterprise.

b. Optimizing Tax Obligations and Profits
Through consulting services, enterprises can optimize their costs and profits by developing a reasonable transfer pricing policy, ensuring that the tax liabilities reflect the actual business operations.

c. Reducing Tax Audit Risks
Enterprises engaging in related-party transactions are often subject to tax audits. Proper and accurate documentation helps reduce the risk of tax imposition and reassessment.

2. Components of Transfer Pricing Documentation

A complete transfer pricing documentation package consists of three tiers:

a. Local File

• Overview of the business and industry.

• Detailed description of related-party transactions.

• Methods for determining transfer prices.

• Functional, Asset, and Risk (FAR) analysis.

• Benchmarking results against market data.

b. Master File

• Organizational structure and group chart.

• Group business activities.

• Group transfer pricing policies.

• Internal agreements related to transfer pricing.

c. Country-by-Country Report (CbCR)

• Consolidated revenue, profits, and tax rates for each country.

• Number of employees and tangible assets of the group.

• Business activities by region.

3. How TGS Vietnam Supports Enterprises

TGS Vietnam specializes in providing transfer pricing documentation consulting services, including:

• Identifying documentation obligations under current regulations.

• Analyzing related-party transactions and assessing compliance levels.

• Selecting appropriate transfer pricing methods.

• Collecting and processing data to prepare documentation.

• Advising on transfer price adjustments if necessary.

• Assisting during tax audits.

Benefits of Choosing TGS Vietnam's Services:

• Time-Saving: Businesses save effort in navigating complex regulations.

• Risk Reduction: Ensures compliance to avoid tax reassessments and penalties.

• Cost-Effective: Consulting services help optimize tax obligations without incurring unnecessary costs.

• Accuracy: Documentation prepared by experienced experts, minimizing errors.

4. Consulting Service Process for Transfer Pricing Documentation

Step 1: Survey and Evaluate Related-Party Transactions

• Collect financial data and transaction contracts.

• Analyze business models and value chains.

• Determine documentation obligations under the law.

Step 2: Analyze and Select Transfer Pricing Methods

• Benchmark against market data.

• Apply suitable methods (CUP, TNMM, CPM, etc.).

Step 3: Prepare Transfer Pricing Documentation

• Prepare Local File, Master File, and CbCR if required.

• Ensure completeness in line with tax authority requirements.

Step 4: Advise on Adjustments and Optimize Tax Obligations

• Propose reasonable transfer price adjustments.

• Assess impacts on profitability and tax rates.

Step 5: Assist Enterprises During Tax Audits

• Defend documentation to tax authorities.

• Update policies in accordance with legal changes.

Advantages of Choosing TGS Vietnam for Transfer Pricing Documentation Consulting

• High Expertise: TGS boasts a team of seasoned experts specialized in handling complex related-party transactions, always staying updated with changes in laws and international tax regulations.

• Legal Compliance: We are committed to helping enterprises comply with all tax authority requirements and legal regulations, minimizing legal risks and safeguarding their interests.

• Tax Cost Optimization: We advise and develop reasonable transfer pricing policies, helping enterprises optimize tax costs and enhance business efficiency.

• Risk Minimization: With professional consulting services, businesses can avoid issues related to transfer pricing and tax declaration errors.

Reasons to Choose TGS Vietnam's Transfer Pricing Documentation Consulting Services

• Professional Experience: TGS Vietnam has a team of highly experienced experts in transfer pricing, capable of solving complex issues swiftly and effectively.

• Tailored Solutions: We offer customized consulting solutions tailored to each business model and industry, ensuring maximum efficiency in transfer pricing management.

• Data Security: TGS is committed to absolute confidentiality of client information, ensuring all transfer pricing documents are handled safely and securely.

Contact Us Today for Professional Transfer Pricing Documentation Consulting Services!

📞 Hotline: 0919 191 448
📩 Email: info@tgsvietnam.com.vn
🌐 Website: tgsvietnam.com.vn

TGS Vietnam is your trusted partner, helping you manage intercompany transactions accurately, lawfully, and cost-effectively, ensuring compliance and sustainable growth.