Checklist on company’s compliance with Transfer pricing regulations

According to the current trend, regulations on transfer pricing have become stricter and given more power to tax authorities to set the level of price. In addition, Vietnamese tax authorities are likely to comprehensively cooperate with tax authorities of other countries to detect and prevent cross-border transfer price issues. In our opinion, it is likely that in the coming time tax authorities will conduct many inspections on transfer pricing issues at enterprises.

In order to help the company reducing the tax risk, the company should re-check the company’s compliance with regulations related to transfer pricing by using the following checklist (based on Decree No. 20/2017/ND-CP and common practices applied by tax authorities).

Note: The item 3 of the checklist should be checked for the year from 2006 to 2017 to minimize tax risks.