Go Vap District is currently a dynamic economic hub in Ho Chi Minh City, home to numerous foreign direct investment (FDI) businesses and multinational corporations. This development has led to a pressing need for tax compliance, particularly transfer pricing services in Go Vap District. In the context of increasingly stringent transfer pricing regulations by the Tax Authority, possessing a complete and standardized set of documentation is crucial. MAN – Master Accountant Network is proud to be a pioneer in providing these solutions. comprehensive transfer pricing service, This helps businesses to make their cash flow transparent and protect their legitimate interests before an audit.
What is transfer pricing service in Go Vap District?
Transfer pricing services in Go Vap District are specialized consulting services aimed at supporting businesses that have transactions with related parties (according to Decree 132/2020/ND-CP). This process includes identifying, analyzing, and proving the objectivity of transaction prices (market price principle).
The core objective is to help businesses complete their transfer pricing documentation and implement it. Transfer pricing reporting guidelines This complies with regulations, thereby eliminating the risk of being overcharged and facing administrative penalties from authorities.
Scope of work for transfer pricing services at MAN
In Go Vap, MAN – Master Accountant Network provides a comprehensive transfer pricing service ecosystem, ensuring coverage of every aspect of this complex tax:
- Creating a Local File: A detailed analysis of related-party transactions, supply chains, and the financial status of businesses in Vietnam.
- Creating a Global Corporate Master File: This compiles information on the organizational structure, business strategy, and transfer pricing policies of the entire corporation.
- Country-by-Country Profit Reporting (CbCR): Assists multinational corporations in reporting profits and tax obligations globally.
- Compliance review: Check the declarations (Forms No. 01, 02, 03, 04) to ensure that the data matches the financial statements.
- Market data comparison: Utilize professional databases to find comparable assets and demonstrate the reasonableness of transaction prices.
Transfer pricing service procedures in Go Vap.
MAN applies a standardized 4-step process, optimized according to the actual business operations in the Go Vap area:
Step 1 – Survey and Identify Relationships
Review organizational charts, shareholder lists, and loans/borrowings to accurately identify related parties. Conduct a preliminary assessment of key risks at the beginning of the fiscal year.
Step 2 – Functional, Asset, and Risk Analysis (FAR)
Conduct in-depth interviews with specialized departments (Accounting, Logistics, Sales) to determine the added value that the business contributes to the group's value chain.
Step 3 – Creating a Profile and Choosing a Comparison Method
Choose the most appropriate pricing method (CUP, Resale Price, Cost Plus, or TNMM). Complete the bilingual application form according to the standard format of the Ministry of Finance.
Step 4 – Assisting with Tax Audit Explanations
We assist businesses in explaining data and defending their arguments before tax audit teams at the Go Vap District office or the Ho Chi Minh City Tax Department.
Special support for newly established businesses.
For businesses that are just starting out or engaging in related-party transactions for the first time, MAN is committed to providing comprehensive support:
- Transaction structuring advice: Guidance on how to set up loan and commodity purchase agreements from the outset to optimize tax costs.
- Reviewing interest expense: Controlling the 30% EBITDA threshold according to Decree 132 to avoid disallowance of deductible expenses.
- Accounting documentation system: Guidelines for storing records and documents proving the objectivity of related-party transactions.
- Updating new regulations: Ensuring businesses stay ahead of changes in tax laws until 2026.
Commitment from MAN – Master Accountant Network
By using our services, customers will receive:
- Information security: Absolutely keep business secrets and profit margins confidential.
- Expert quality: Our team of consultants consists of certified professionals with in-depth knowledge of local tax administration practices.
- Objective data: The records are based on real data, with clear comparative evidence, minimizing the probability of being assessed for tax.
- Legal deadlines: We are committed to completing the application within the stipulated timeframe, avoiding any potential delays.
Benefits of using MAN's transfer pricing service in Go Vap District
Choosing to partner with MAN – Master Accountant Network not only helps businesses comply with the law but also delivers outstanding strategic value:
- Ensuring legal compliance: Eliminating worries about transfer pricing risks and tax audits.
- Enhancing credibility: Standardized transfer pricing reporting helps increase trust with shareholders, partners, and financial institutions.
- Cost optimization: The solution comprehensive transfer pricing service This helps businesses save resources compared to operating their own internal team of experts.
- Management insights: Receive in-depth analyses of performance compared to the industry average.
For detailed advice and to protect your business from tax risks, contact us today.
Contact information MAN – Master Accountant Network
- Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City
- Mobile/Zalo: 0903 963 163 – 0903 428 622
- Email: man@man.net.vn
Content production by: Mr. Le Hoang Tuyen – Founder & CEO MAN – Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.