{"id":679,"date":"2025-05-27T20:54:09","date_gmt":"2025-05-28T03:54:09","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=679"},"modified":"2026-01-20T02:40:19","modified_gmt":"2026-01-20T09:40:19","slug":"ho-so-quoc-gia-local-file","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/","title":{"rendered":"7 steps to create a Local File according to Vietnamese and OECD tax laws"},"content":{"rendered":"<p data-start=\"133\" data-end=\"996\"><span style=\"color: #000000;\">The national file is one of the important factors in tax administration and control of related-party transactions between enterprises. Preparing a complete and accurate national file not only helps enterprises comply with Vietnamese tax laws on transfer pricing but also minimizes the risk of being inspected and sanctioned. In the context of international integration, the local file plays a crucial role in the national file, providing detailed information on related-party transactions and valuation methods. At the same time, understanding the relationship between the national file with the IGF and the master file helps enterprises standardize reporting and comply with the regulations. <a style=\"color: #000000;\" href=\"https:\/\/www.oecd.org\/\" rel=\"nofollow noopener\" target=\"_blank\">OECD regulations<\/a> on transfer pricing documents.<\/span><\/p>\n<p data-start=\"133\" data-end=\"996\"><span style=\"color: #000000;\">This article will provide detailed guidance on national filing, including mandatory contents, valuation methods, transfer pricing reporting, as well as important notes to optimize filing and minimize transfer pricing risks.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Ho_so_quoc_gia_va_vai_tro_trong_giao_dich_lien_ket\" >Country profiles and their role in related party transactions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Gioi_thieu_khai_niem_ho_so_quoc_gia\" >Introducing the concept of national profiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Tai_sao_local_file_la_phan_quan_trong_cua_ho_so_quoc_gia\" >Why local files are an important part of national records<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Moi_lien_he_voi_giao_dich_lien_ket_va_tuan_thu_luat_thue_Viet_Nam_ve_chuyen_gia\" >Relationship with related party transactions and compliance with Vietnamese tax laws on transfer pricing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Local_file_Noi_dung_va_yeu_cau\" >Local file: Contents and requirements<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Thong_tin_doanh_nghiep_va_ben_lien_ket\" >Business and affiliate information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Chi_tiet_giao_dich_lien_ket\" >Affiliate transaction details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Dinh_gia_giao_dich_lien_ket_va_chung_minh_gia_thi_truong\" >Transfer pricing and market price justification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Bao_cao_chuyen_gia\" >Transfer pricing report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Vi_du_thuc_te_ve_local_file\" >Real world example of local file<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Moi_lien_he_voi_IGF_va_Master_file\" >Relationship with IGF and Master file<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#IGF_Intercompany_Global_File\" >IGF (Intercompany Global File)<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#So_sanh_Local_file_va_IGF\" >Compare Local file and IGF<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Master_file\" >Master file<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Quy_dinh_phap_ly_va_chuan_muc_quoc_te\" >Legal regulations and international standards<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Luat_thue_Viet_Nam_ve_chuyen_gia\" >Vietnam Tax Law on Transfer Pricing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Quy_dinh_OECD_ve_ho_so_chuyen_gia\" >OECD regulations on transfer pricing documentation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Rui_ro_va_luu_y_khi_lap_ho_so_quoc_gia\" >Risks and notes when preparing national profiles<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Rui_ro_chuyen_gia\" >Transfer pricing risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Toi_uu_ho_so_quoc_gia\" >Optimize national profiles<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Toi_uu_ho_so_quoc_gia-2\" >Optimize national profiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Ket_luan\" >Conclude<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/ho-so-quoc-gia-local-file\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"177\" data-end=\"235\"><span class=\"ez-toc-section\" id=\"Ho_so_quoc_gia_va_vai_tro_trong_giao_dich_lien_ket\"><\/span><span style=\"color: #000000;\"><strong data-start=\"181\" data-end=\"235\">Country profiles and their role in related party transactions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"237\" data-end=\"813\"><span class=\"ez-toc-section\" id=\"Gioi_thieu_khai_niem_ho_so_quoc_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"237\" data-end=\"276\">Introducing the concept of national profiles<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"237\" data-end=\"813\"><span style=\"color: #000000;\">A local file is a mandatory document that a business must establish to demonstrate the implementation of related-party transactions with related parties within the same group or parent-subsidiary company. This file provides detailed information on transactions, valuation methods, as well as the legal basis to prove that the transactions are carried out according to the arm&#039;s length principle. Establishing a complete local file helps businesses be transparent in tax reporting, while minimizing transfer pricing risks when being audited by tax authorities.<\/span><\/p>\n<figure id=\"attachment_1747\" aria-describedby=\"caption-attachment-1747\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1747\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia.jpg\" alt=\"Local file chi tie\u0302\u0301t ca\u0301c giao di\u0323ch lie\u0302n ke\u0302\u0301t va\u0300 tho\u0302ng tin be\u0302n lie\u0302n ke\u0302\u0301t trong ho\u0302\u0300 so\u031b quo\u0302\u0301c gia\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/Local-file-chi-tiet-cac-giao-dich-lien-ket-va-thong-tin-ben-lien-ket-trong-ho-so-quoc-gia-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1747\" class=\"wp-caption-text\"><span style=\"color: #000000;\">Local file details related transactions and related party information in the national file<\/span><\/figcaption><\/figure>\n<h3 data-start=\"815\" data-end=\"1482\"><span class=\"ez-toc-section\" id=\"Tai_sao_local_file_la_phan_quan_trong_cua_ho_so_quoc_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"815\" data-end=\"875\">Why local files are an important part of national records<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"815\" data-end=\"1482\"><span style=\"color: #000000;\">In the national filing structure, the local file plays a central role because it records in detail each related party transaction of an enterprise in Vietnam. The local file not only lists the related parties and the transaction content, but also provides analysis of valuation methods, demonstrates market prices, and illustrates how the enterprise complies with transfer pricing regulations.<\/span><\/p>\n<p data-start=\"815\" data-end=\"1482\"><span style=\"color: #000000;\">According to data from the General Department of Taxation, enterprises that do not establish or fail to establish local files account for about 35% of the total number of enterprises inspected for transfer pricing in the 2020-2023 period, leading to many cases of being fined for not being able to prove market prices.<\/span><\/p>\n<p data-start=\"1286\" data-end=\"1743\"><span style=\"color: #000000;\">For example, an FDI enterprise operating in the high-tech manufacturing sector establishes a local file detailing service provision transactions with the parent company. Thanks to the complete records, this enterprise can prove the market price applied to the service and avoid tax collection. <a style=\"color: #000000;\" href=\"https:\/\/gdt.gov.vn\/wps\/portal\" rel=\"nofollow noopener\" target=\"_blank\">According to the General Department of Taxation Report 2022<\/a>, about 35% enterprises were inspected due to lack or incomplete national records, leading to penalties and tax collection due to failure to prove market prices.<\/span><\/p>\n<h3 data-start=\"1484\" data-end=\"2099\"><span class=\"ez-toc-section\" id=\"Moi_lien_he_voi_giao_dich_lien_ket_va_tuan_thu_luat_thue_Viet_Nam_ve_chuyen_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"1484\" data-end=\"1567\">Relationship with related party transactions and compliance with Vietnamese tax laws on transfer pricing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1484\" data-end=\"2099\"><span style=\"color: #000000;\">National filings are closely linked to related party transactions, including the purchase and sale of goods, provision of services or transfer of assets between companies in the same group. Through national filings, businesses can demonstrate that these transactions are priced at market prices, in accordance with Vietnamese tax laws on transfer pricing and international standards such as the OECD Guidelines. Full compliance with national filings not only avoids the risk of being fined but also increases credibility and transparency in relations with tax authorities and related parties.<\/span><\/p>\n<p data-start=\"1484\" data-end=\"2099\"><span style=\"color: #000000;\">For example, a trading company in Vietnam conducts a transaction to purchase raw materials with its parent company in Singapore. Thanks to complete national and local files, the company proves that its pricing method complies with the arm&#039;s length principle, avoiding tax arrears and legal risks. Accurate national records also help businesses increase their reputation with tax authorities and international partners, and facilitate audits related to transfer pricing.<\/span><\/p>\n<h2 data-start=\"200\" data-end=\"239\"><span class=\"ez-toc-section\" id=\"Local_file_Noi_dung_va_yeu_cau\"><\/span><span style=\"color: #000000;\">Local file: Contents and requirements<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"241\" data-end=\"552\"><span class=\"ez-toc-section\" id=\"Thong_tin_doanh_nghiep_va_ben_lien_ket\"><\/span><span style=\"color: #000000;\">Business and affiliate information<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"241\" data-end=\"552\"><span style=\"color: #000000;\">In the national dossier, related party information is an important part that helps tax authorities understand related relationships and the scope of transactions. The mandatory elements that need to be provided include: company name, tax identification number, address, ownership structure and description of business activities.<\/span><\/p>\n<p data-start=\"554\" data-end=\"919\"><span style=\"color: #000000;\">For example, an electronics manufacturing company in Vietnam needs to list all parent companies and subsidiaries within the group, along with details of the manufacturing, service or business sectors in which the related parties operate. Providing full information helps demonstrate that all transactions between related parties are conducted transparently and in compliance with Vietnamese tax laws on transfer pricing.<\/span><\/p>\n<h3 data-start=\"926\" data-end=\"1195\"><span class=\"ez-toc-section\" id=\"Chi_tiet_giao_dich_lien_ket\"><\/span><span style=\"color: #000000;\">Affiliate transaction details<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"926\" data-end=\"1195\"><span style=\"color: #000000;\">This section requires the enterprise to record all related transactions, from the purchase and sale of goods, provision of services, to the transfer of assets. At the same time, it is necessary to present detailed transfer pricing, explaining the basis for determining prices.<\/span><\/p>\n<p data-start=\"1197\" data-end=\"1655\"><span style=\"color: #000000;\">For example, a trading enterprise may list transactions for purchasing raw materials from the parent company, selling products to a subsidiary, or providing management services to another branch. Each transaction requires a contract, invoice, accompanying documents, and analysis of pricing to demonstrate compliance with the arm&#039;s length principle. According to the General Department of Taxation&#039;s 2022 report, enterprises that do not prepare detailed related-party transactions are often susceptible to price adjustments and tax arrears.<\/span><\/p>\n<h3 data-start=\"1662\" data-end=\"2078\"><span class=\"ez-toc-section\" id=\"Dinh_gia_giao_dich_lien_ket_va_chung_minh_gia_thi_truong\"><\/span><span style=\"color: #000000;\"><strong>Transfer pricing and market price justification<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1662\" data-end=\"2078\"><span style=\"color: #000000;\">This is a crucial part of the local file, which helps to demonstrate the market price for related party transactions. The enterprise needs to describe the valuation method applied, for example, the independent comparable price method, the cost plus method, or the profit allocation method. Correct application of the arm&#039;s length principle will minimize transfer pricing risks.<\/span><\/p>\n<p data-start=\"2080\" data-end=\"2358\"><span style=\"color: #000000;\">For example, a logistics service provider must demonstrate that the service fees charged to its subsidiary in Vietnam are equivalent to the independent market rates. Without this basis, tax authorities may adjust prices and collect taxes, resulting in unexpected costs.<\/span><\/p>\n<figure id=\"attachment_1746\" aria-describedby=\"caption-attachment-1746\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1746 size-full\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam.jpg\" alt=\"So s\u00e1nh Local file, Master file v\u00e0 IGF trong h\u1ed3 s\u01a1 qu\u1ed1c gia theo quy \u0111\u1ecbnh OECD v\u00e0 lu\u1eadt thu\u1ebf Vi\u1ec7t Nam v\u1ec1 chuy\u1ec3n gi\u00e1\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/05\/So-sanh-Local-file-Master-file-va-IGF-theo-chuan-OECD-va-luat-thue-Viet-Nam-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1746\" class=\"wp-caption-text\"><span style=\"color: #000000;\">Comparison of Local file, Master file and IGF in national dossier according to OECD regulations and Vietnamese tax law on transfer pricing<\/span><\/figcaption><\/figure>\n<h3 data-start=\"2365\" data-end=\"2680\"><span class=\"ez-toc-section\" id=\"Bao_cao_chuyen_gia\"><\/span><span style=\"color: #000000;\">Transfer pricing report<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2365\" data-end=\"2680\"><span style=\"color: #000000;\">The transfer pricing report is a compilation of information from the local file, helping to demonstrate that the business has complied with the law on transfer pricing. This report includes a list of transactions, valuation methods, market comparisons, and conclusions on compliance with the market price principle.<\/span><\/p>\n<p data-start=\"2682\" data-end=\"2949\"><span style=\"color: #000000;\">For example, a pharmaceutical manufacturing company&#039;s transfer pricing report would summarize transactions for purchasing raw materials from the parent company and selling finished products to its subsidiary, along with market price analysis to demonstrate compliance with the arm&#039;s length principle, thereby reducing the risk of tax arrears.<\/span><\/p>\n<h3 data-start=\"2956\" data-end=\"3415\"><span class=\"ez-toc-section\" id=\"Vi_du_thuc_te_ve_local_file\"><\/span><span style=\"color: #000000;\"><strong>Real world example of local file<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2956\" data-end=\"3415\"><span style=\"color: #000000;\">An FDI enterprise operating in the field of electronics manufacturing established a local file detailing the service provision transaction with the parent company. Thanks to the complete file, the enterprise was able to prove the market price applied to the service and avoid tax collection. This is a testament to the importance of establishing a local file in the national file, at the same time helping the enterprise comply with OECD regulations on transfer pricing documents.<\/span><\/p>\n<h1 data-start=\"211\" data-end=\"253\"><span class=\"ez-toc-section\" id=\"Moi_lien_he_voi_IGF_va_Master_file\"><\/span><span style=\"color: #000000;\"><strong data-start=\"215\" data-end=\"253\">Relationship with IGF and Master file<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h3 data-start=\"255\" data-end=\"588\"><span class=\"ez-toc-section\" id=\"IGF_Intercompany_Global_File\"><\/span><span style=\"color: #000000;\"><strong data-start=\"255\" data-end=\"293\">IGF (Intercompany Global File)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"255\" data-end=\"588\"><span style=\"color: #000000;\">IGF, or Intercompany Global File, is a report that summarizes cross-border intercompany transactions within a multinational corporation. IGF provides an overview of transactions between a parent company and its subsidiaries in many countries, from the purchase and sale of goods and services to the transfer of assets.<\/span><\/p>\n<p data-start=\"590\" data-end=\"657\"><span style=\"color: #000000;\">The role of the IGF in managing international inter-company transactions includes:<\/span><\/p>\n<ul data-start=\"658\" data-end=\"982\">\n<li data-start=\"658\" data-end=\"730\">\n<p data-start=\"660\" data-end=\"730\"><span style=\"color: #000000;\">Help the group control transfer pricing risks globally.<\/span><\/p>\n<\/li>\n<li data-start=\"731\" data-end=\"817\">\n<p data-start=\"733\" data-end=\"817\"><span style=\"color: #000000;\">Assist tax authorities in assessing the transparency and compliance of international transactions.<\/span><\/p>\n<\/li>\n<li data-start=\"818\" data-end=\"982\">\n<p data-start=\"820\" data-end=\"982\"><span style=\"color: #000000;\">As a reference document for local files, it helps to prove that transactions in Vietnam are conducted according to the arm&#039;s length principle.<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"984\" data-end=\"1016\"><span class=\"ez-toc-section\" id=\"So_sanh_Local_file_va_IGF\"><\/span><span style=\"color: #000000;\"><strong data-start=\"984\" data-end=\"1014\">Compare Local file and IGF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"_tableWrapper_1rjym_13 group flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\" data-start=\"1018\" data-end=\"1767\">\n<caption><span style=\"color: #000000;\">Comparison table of Master file and Local file<\/span><\/caption>\n<thead data-start=\"1018\" data-end=\"1076\">\n<tr data-start=\"1018\" data-end=\"1076\">\n<th style=\"width: 10.488%; text-align: center;\" data-start=\"1018\" data-end=\"1029\" data-col-size=\"sm\"><span style=\"color: #000000;\">Criteria<\/span><\/th>\n<th style=\"width: 40.9323%; text-align: center;\" data-start=\"1029\" data-end=\"1042\" data-col-size=\"md\"><span style=\"color: #000000;\">Local file<\/span><\/th>\n<th style=\"width: 47.8514%; text-align: center;\" data-start=\"1042\" data-end=\"1076\" data-col-size=\"lg\"><span style=\"color: #000000;\">IGF (Intercompany Global File)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"1134\" data-end=\"1767\">\n<tr data-start=\"1134\" data-end=\"1238\">\n<td style=\"width: 10.488%; text-align: center;\" data-start=\"1134\" data-end=\"1144\" data-col-size=\"sm\"><span style=\"color: #000000;\">Scope<\/span><\/td>\n<td style=\"width: 40.9323%; text-align: center;\" data-start=\"1144\" data-end=\"1178\" data-col-size=\"md\"><span style=\"color: #000000;\">Affiliated transactions in Vietnam<\/span><\/td>\n<td style=\"width: 47.8514%; text-align: center;\" data-start=\"1178\" data-end=\"1238\" data-col-size=\"lg\"><span style=\"color: #000000;\">All cross-border related transactions within the group<\/span><\/td>\n<\/tr>\n<tr data-start=\"1239\" data-end=\"1361\">\n<td style=\"width: 10.488%; text-align: center;\" data-start=\"1239\" data-end=\"1250\" data-col-size=\"sm\"><span style=\"color: #000000;\">Purpose<\/span><\/td>\n<td style=\"width: 40.9323%; text-align: center;\" data-start=\"1250\" data-end=\"1307\" data-col-size=\"md\"><span style=\"color: #000000;\">Comply with Vietnamese tax laws, demonstrate market value<\/span><\/td>\n<td style=\"width: 47.8514%; text-align: center;\" data-start=\"1307\" data-end=\"1361\" data-col-size=\"lg\"><span style=\"color: #000000;\">Global transaction management, international reporting support<\/span><\/td>\n<\/tr>\n<tr data-start=\"1362\" data-end=\"1571\">\n<td style=\"width: 10.488%; text-align: center;\" data-start=\"1362\" data-end=\"1373\" data-col-size=\"sm\"><span style=\"color: #000000;\">Content<\/span><\/td>\n<td style=\"width: 40.9323%; text-align: center;\" data-start=\"1373\" data-end=\"1460\" data-col-size=\"md\"><span style=\"color: #000000;\">Related party information, transaction details, valuation methods, transfer pricing reports<\/span><\/td>\n<td style=\"width: 47.8514%; text-align: center;\" data-start=\"1460\" data-end=\"1571\" data-col-size=\"lg\"><span style=\"color: #000000;\">Overview of intercompany transactions, scope and value, without detailing individual transactions in specific countries<\/span><\/td>\n<\/tr>\n<tr data-start=\"1572\" data-end=\"1767\">\n<td style=\"width: 10.488%; text-align: center;\" data-start=\"1572\" data-end=\"1580\" data-col-size=\"sm\"><span style=\"color: #000000;\">For example<\/span><\/td>\n<td style=\"width: 40.9323%; text-align: center;\" data-start=\"1580\" data-end=\"1682\" data-col-size=\"md\"><span style=\"color: #000000;\">Electronics manufacturing company sets up local file for service provision transaction with parent company in Singapore<\/span><\/td>\n<td style=\"width: 47.8514%; text-align: center;\" data-start=\"1682\" data-end=\"1767\" data-col-size=\"lg\"><span style=\"color: #000000;\">IGF consolidates all transactions between subsidiaries in Asia, Europe and North America<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<h3 data-start=\"1774\" data-end=\"1967\"><span class=\"ez-toc-section\" id=\"Master_file\"><\/span><span style=\"color: #000000;\"><strong data-start=\"1774\" data-end=\"1793\">Master file<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1774\" data-end=\"1967\"><span style=\"color: #000000;\">Master file is a group-level document that summarizes important information about the group&#039;s structure, business strategy, transfer pricing strategy and member companies.<\/span><\/p>\n<p data-start=\"1969\" data-end=\"2009\"><span style=\"color: #000000;\"><strong data-start=\"1969\" data-end=\"2007\">Compare Master file and Local file<\/strong><\/span><\/p>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"_tableWrapper_1rjym_13 group flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" style=\"width: 100%; border-color: #000000; height: 192px;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\" data-start=\"2011\" data-end=\"2685\">\n<caption><span style=\"color: #000000;\">Comparison table of Master file and Local file<\/span><\/caption>\n<thead data-start=\"2011\" data-end=\"2050\">\n<tr style=\"height: 24px;\" data-start=\"2011\" data-end=\"2050\">\n<th style=\"height: 24px; width: 10.488%;\" data-start=\"2011\" data-end=\"2022\" data-col-size=\"sm\"><span style=\"color: #000000;\">Criteria<\/span><\/th>\n<th style=\"height: 24px; width: 39.5484%;\" data-start=\"2022\" data-end=\"2035\" data-col-size=\"md\"><span style=\"color: #000000;\">Local file<\/span><\/th>\n<th style=\"height: 24px; width: 49.2353%;\" data-start=\"2035\" data-end=\"2050\" data-col-size=\"lg\"><span style=\"color: #000000;\">Master file<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"2089\" data-end=\"2685\">\n<tr style=\"height: 24px;\" data-start=\"2089\" data-end=\"2194\">\n<td style=\"height: 24px; width: 10.488%;\" data-start=\"2089\" data-end=\"2099\" data-col-size=\"sm\"><span style=\"color: #000000;\">Scope<\/span><\/td>\n<td style=\"height: 24px; width: 39.5484%;\" data-start=\"2099\" data-end=\"2133\" data-col-size=\"md\"><span style=\"color: #000000;\">Affiliated transactions in Vietnam<\/span><\/td>\n<td style=\"height: 24px; width: 49.2353%;\" data-start=\"2133\" data-end=\"2194\" data-col-size=\"lg\"><span style=\"color: #000000;\">The entire group, all subsidiaries and international branches<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\" data-start=\"2195\" data-end=\"2381\">\n<td style=\"height: 48px; width: 10.488%;\" data-start=\"2195\" data-end=\"2206\" data-col-size=\"sm\"><span style=\"color: #000000;\">Content<\/span><\/td>\n<td style=\"height: 48px; width: 39.5484%;\" data-start=\"2206\" data-end=\"2293\" data-col-size=\"md\"><span style=\"color: #000000;\">Related party information, transaction details, valuation methods, transfer pricing reports<\/span><\/td>\n<td style=\"height: 48px; width: 49.2353%;\" data-start=\"2293\" data-end=\"2381\" data-col-size=\"lg\"><span style=\"color: #000000;\">Corporate structure, business strategy, transfer pricing strategy, corporate policy<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\" data-start=\"2382\" data-end=\"2557\">\n<td style=\"height: 48px; width: 10.488%;\" data-start=\"2382\" data-end=\"2393\" data-col-size=\"sm\"><span style=\"color: #000000;\">Purpose<\/span><\/td>\n<td style=\"height: 48px; width: 39.5484%;\" data-start=\"2393\" data-end=\"2450\" data-col-size=\"md\"><span style=\"color: #000000;\">Comply with Vietnamese tax laws, demonstrate market value<\/span><\/td>\n<td style=\"height: 48px; width: 49.2353%;\" data-start=\"2450\" data-end=\"2557\" data-col-size=\"lg\"><span style=\"color: #000000;\">Providing context and data to local files, supporting tax authorities and corporations in assessing transfer pricing risks<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\" data-start=\"2558\" data-end=\"2685\">\n<td style=\"height: 48px; width: 10.488%;\" data-start=\"2558\" data-end=\"2576\" data-col-size=\"sm\"><span style=\"color: #000000;\">Legal requirements<\/span><\/td>\n<td style=\"height: 48px; width: 39.5484%;\" data-start=\"2576\" data-end=\"2625\" data-col-size=\"md\"><span style=\"color: #000000;\">Mandatory under Vietnamese tax law on transfer pricing<\/span><\/td>\n<td style=\"height: 48px; width: 49.2353%;\" data-start=\"2625\" data-end=\"2685\" data-col-size=\"lg\"><span style=\"color: #000000;\">Mandatory under OECD guidelines on international transfer pricing documentation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"2687\" data-end=\"3007\"><span style=\"color: #000000;\">Illustrative example: A multinational corporation establishes <strong data-start=\"2732\" data-end=\"2747\">master file<\/strong> consolidate information about branches in Asia and Europe. At the same time, subsidiaries in Vietnam set up <strong data-start=\"2851\" data-end=\"2865\">local file<\/strong> details of transactions with the parent company. IGF consolidates all international intercompany transactions, helping the group manage global transfer pricing risks.<\/span><\/p>\n<h2 data-start=\"189\" data-end=\"234\"><span class=\"ez-toc-section\" id=\"Quy_dinh_phap_ly_va_chuan_muc_quoc_te\"><\/span><span style=\"color: #000000;\"><strong data-start=\"193\" data-end=\"234\">Legal regulations and international standards<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"236\" data-end=\"533\"><span class=\"ez-toc-section\" id=\"Luat_thue_Viet_Nam_ve_chuyen_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"236\" data-end=\"276\">Vietnam Tax Law on Transfer Pricing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"236\" data-end=\"533\"><span style=\"color: #000000;\">According to Vietnam&#039;s tax law on transfer pricing, enterprises with related-party transactions must establish a local file to prove that the transaction price between related parties is determined according to the arm&#039;s length principle.<\/span><\/p>\n<p data-start=\"535\" data-end=\"583\"><span style=\"color: #000000;\">Basic requirements when preparing a national profile include:<\/span><\/p>\n<ul data-start=\"584\" data-end=\"920\">\n<li data-start=\"584\" data-end=\"671\">\n<p data-start=\"586\" data-end=\"671\"><span style=\"color: #000000;\">Affiliate information: company name, tax code, ownership structure, field of operation.<\/span><\/p>\n<\/li>\n<li data-start=\"672\" data-end=\"780\">\n<p data-start=\"674\" data-end=\"780\"><span style=\"color: #000000;\">Details of related transactions in Vietnam: purchase and sale of goods, provision of services, transfer of assets.<\/span><\/p>\n<\/li>\n<li data-start=\"781\" data-end=\"840\">\n<p data-start=\"783\" data-end=\"840\"><span style=\"color: #000000;\">Method of determining market price for each transaction.<\/span><\/p>\n<\/li>\n<li data-start=\"841\" data-end=\"920\">\n<p data-start=\"843\" data-end=\"920\"><span style=\"color: #000000;\">Consolidated transfer pricing report, demonstrating compliance with market price principles.<\/span><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"922\" data-end=\"1041\"><span style=\"color: #000000;\">Compliance with these requirements helps businesses reduce transfer pricing risks, avoid price adjustments and tax arrears.<\/span><\/p>\n<h3 data-start=\"1048\" data-end=\"1196\"><span class=\"ez-toc-section\" id=\"Quy_dinh_OECD_ve_ho_so_chuyen_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"1048\" data-end=\"1089\">OECD regulations on transfer pricing documentation<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">OECD Transfer Pricing Documentation Guidelines guide multinational enterprises to prepare documentation at three levels:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Master file: Summary of corporate information, business strategy, transfer pricing strategy.<\/span><\/li>\n<li><span style=\"color: #000000;\">Local file: Details of related party transactions in the country, valuation methods, transfer pricing reports.<\/span><\/li>\n<li><span style=\"color: #000000;\">Intercompany Global File (IGF): Summary of cross-border transactions within the group.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">An important principle that applies globally is the arm&#039;s length principle, which ensures that related-party transactions are priced similarly to independent transactions in the market.<\/span><\/p>\n<div class=\"_tableWrapper_1rjym_13 group flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\" data-start=\"1745\" data-end=\"2584\">\n<caption><span style=\"color: #000000;\">Comparison table of Vietnamese tax law and OECD standards on transfer pricing documentation<\/span><\/caption>\n<thead data-start=\"1745\" data-end=\"1828\">\n<tr data-start=\"1745\" data-end=\"1828\">\n<th style=\"text-align: center;\" data-start=\"1745\" data-end=\"1756\" data-col-size=\"sm\"><span style=\"color: #000000;\">Criteria<\/span><\/th>\n<th style=\"text-align: center;\" data-start=\"1756\" data-end=\"1791\" data-col-size=\"md\"><span style=\"color: #000000;\">Vietnam Tax Law on Transfer Pricing<\/span><\/th>\n<th style=\"text-align: center;\" data-start=\"1791\" data-end=\"1828\" data-col-size=\"lg\"><span style=\"color: #000000;\">OECD regulations on transfer pricing documentation<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"1910\" data-end=\"2584\">\n<tr data-start=\"1910\" data-end=\"2038\">\n<td data-start=\"1910\" data-end=\"1928\" data-col-size=\"sm\"><span style=\"color: #000000;\">Scope of application<\/span><\/td>\n<td data-start=\"1928\" data-end=\"1978\" data-col-size=\"md\"><span style=\"color: #000000;\">Enterprises with related transactions in Vietnam<\/span><\/td>\n<td data-start=\"1978\" data-end=\"2038\" data-col-size=\"lg\"><span style=\"color: #000000;\">Multinational enterprises, international intercompany transactions<\/span><\/td>\n<\/tr>\n<tr data-start=\"2039\" data-end=\"2117\">\n<td data-start=\"2039\" data-end=\"2055\" data-col-size=\"sm\"><span style=\"color: #000000;\">Request Profile<\/span><\/td>\n<td data-start=\"2055\" data-end=\"2085\" data-col-size=\"md\"><span style=\"color: #000000;\">Local file<\/span><\/td>\n<td data-start=\"2085\" data-end=\"2117\" data-col-size=\"lg\"><span style=\"color: #000000;\">Master file, Local file, IGF<\/span><\/td>\n<\/tr>\n<tr data-start=\"2118\" data-end=\"2358\">\n<td data-start=\"2118\" data-end=\"2135\" data-col-size=\"sm\"><span style=\"color: #000000;\">Main content<\/span><\/td>\n<td data-start=\"2135\" data-end=\"2222\" data-col-size=\"md\"><span style=\"color: #000000;\">Related party information, transaction details, valuation methods, transfer pricing reports<\/span><\/td>\n<td data-start=\"2222\" data-end=\"2358\" data-col-size=\"lg\"><span style=\"color: #000000;\">Master file: corporate structure, transfer pricing strategy; Local file: details of transactions in the country; IGF: summary of global transactions<\/span><\/td>\n<\/tr>\n<tr data-start=\"2359\" data-end=\"2432\">\n<td data-start=\"2359\" data-end=\"2381\" data-col-size=\"sm\"><span style=\"color: #000000;\">Pricing principles<\/span><\/td>\n<td data-start=\"2381\" data-end=\"2406\" data-col-size=\"md\"><span style=\"color: #000000;\">Arm&#039;s length principle<\/span><\/td>\n<td data-start=\"2406\" data-end=\"2432\" data-col-size=\"lg\"><span style=\"color: #000000;\">Arm&#039;s length principle<\/span><\/td>\n<\/tr>\n<tr data-start=\"2433\" data-end=\"2584\">\n<td data-start=\"2433\" data-end=\"2444\" data-col-size=\"sm\"><span style=\"color: #000000;\">Purpose<\/span><\/td>\n<td data-start=\"2444\" data-end=\"2501\" data-col-size=\"md\"><span style=\"color: #000000;\">Comply with Vietnamese law, demonstrate market price<\/span><\/td>\n<td data-start=\"2501\" data-end=\"2584\" data-col-size=\"lg\"><span style=\"color: #000000;\">Support global transfer pricing risk management, transparency of inter-company transactions<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2 data-start=\"171\" data-end=\"217\"><span class=\"ez-toc-section\" id=\"Rui_ro_va_luu_y_khi_lap_ho_so_quoc_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"175\" data-end=\"217\">Risks and notes when preparing national profiles<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"219\" data-end=\"438\"><span class=\"ez-toc-section\" id=\"Rui_ro_chuyen_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"219\" data-end=\"244\">Transfer pricing risk<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"219\" data-end=\"438\"><span style=\"color: #000000;\">When preparing national filings, businesses can face a number of transfer pricing risks, particularly if information is incomplete or valuation methods are inaccurate. Common errors include:<\/span><\/p>\n<ul data-start=\"439\" data-end=\"806\">\n<li data-start=\"439\" data-end=\"516\">\n<p data-start=\"441\" data-end=\"516\"><span style=\"color: #000000;\">Does not list complete information about related affiliates or branches.<\/span><\/p>\n<\/li>\n<li data-start=\"517\" data-end=\"588\">\n<p data-start=\"519\" data-end=\"588\"><span style=\"color: #000000;\">Transaction details are incomplete, lacking contracts, invoices, and documents.<\/span><\/p>\n<\/li>\n<li data-start=\"589\" data-end=\"723\">\n<p data-start=\"591\" data-end=\"723\"><span style=\"color: #000000;\">The transfer pricing method is not consistent with the arm&#039;s length principle, leading to price adjustments by the tax authority.<\/span><\/p>\n<\/li>\n<li data-start=\"724\" data-end=\"806\">\n<p data-start=\"726\" data-end=\"806\"><span style=\"color: #000000;\">Transfer pricing reports lack transparency and do not compile market comparison data.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1103\" data-end=\"1310\"><span class=\"ez-toc-section\" id=\"Toi_uu_ho_so_quoc_gia\"><\/span><span style=\"color: #000000;\"><strong data-start=\"1103\" data-end=\"1132\">Optimize national profiles<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1103\" data-end=\"1310\"><span style=\"color: #000000;\">To reduce transfer pricing risks, businesses need to establish standard national records, comply with the law and effectively combine the following types of records: Local file, IGF and Master file.<\/span><\/p>\n<p data-start=\"1312\" data-end=\"1346\"><span style=\"color: #000000;\">National profile optimization guide:<\/span><\/p>\n<ol data-start=\"1347\" data-end=\"1983\">\n<li data-start=\"1347\" data-end=\"1479\">\n<p data-start=\"1350\" data-end=\"1479\"><span style=\"color: #000000;\"><strong data-start=\"1350\" data-end=\"1377\">Create detailed local file<\/strong>: Fully record related party information, transaction details, valuation method and transfer pricing report.<\/span><\/p>\n<\/li>\n<li data-start=\"1480\" data-end=\"1609\">\n<p data-start=\"1483\" data-end=\"1609\"><span style=\"color: #000000;\"><strong data-start=\"1483\" data-end=\"1508\">Refer to master file<\/strong>: Using corporate data to demonstrate context and valuation basis for transactions in Vietnam.<\/span><\/p>\n<\/li>\n<li data-start=\"1610\" data-end=\"1724\">\n<p data-start=\"1613\" data-end=\"1724\"><span style=\"color: #000000;\"><strong data-start=\"1613\" data-end=\"1628\">Apply IGF<\/strong>: Aggregate cross-border transactions to assess risk and compare international market prices.<\/span><\/p>\n<\/li>\n<li data-start=\"1725\" data-end=\"1857\">\n<p data-start=\"1728\" data-end=\"1857\"><span style=\"color: #000000;\"><strong data-start=\"1728\" data-end=\"1758\">Quality control of records<\/strong>: Review data, contracts, documents, and market comparison figures before submitting to tax authorities.<\/span><\/p>\n<\/li>\n<li data-start=\"1858\" data-end=\"1983\">\n<p data-start=\"1861\" data-end=\"1983\"><span style=\"color: #000000;\"><strong data-start=\"1861\" data-end=\"1886\">Regular updates<\/strong>: Adjust records when there are changes in transactions, corporate structures or new legal regulations.<\/span><\/p>\n<\/li>\n<\/ol>\n<p data-start=\"1985\" data-end=\"2303\"><span style=\"color: #000000;\">Example: A multinational corporation establishes a local file for its subsidiary in Vietnam, referring to the master file and IGF to demonstrate that the valuation method complies with the arm&#039;s length principle. Thanks to a complete system of records, the enterprise reduces the risk of tax arrears and increases transparency in the management of related-party transactions.<\/span><\/p>\n<h2 data-start=\"1103\" data-end=\"1310\"><span class=\"ez-toc-section\" id=\"Toi_uu_ho_so_quoc_gia-2\"><\/span><span style=\"color: #000000;\"><strong data-start=\"1103\" data-end=\"1132\">Optimize national profiles<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1103\" data-end=\"1310\"><span style=\"color: #000000;\">To reduce transfer pricing risks, businesses need to establish standard national records, comply with the law and effectively combine the following types of records: Local file, IGF and Master file.<\/span><\/p>\n<p data-start=\"1312\" data-end=\"1346\"><span style=\"color: #000000;\">National profile optimization guide:<\/span><\/p>\n<ol data-start=\"1347\" data-end=\"1983\">\n<li data-start=\"1347\" data-end=\"1479\">\n<p data-start=\"1350\" data-end=\"1479\"><span style=\"color: #000000;\"><strong data-start=\"1350\" data-end=\"1377\">Create detailed local file<\/strong>: Fully record related party information, transaction details, valuation method and transfer pricing report.<\/span><\/p>\n<\/li>\n<li data-start=\"1480\" data-end=\"1609\">\n<p data-start=\"1483\" data-end=\"1609\"><span style=\"color: #000000;\"><strong data-start=\"1483\" data-end=\"1508\">Refer to master file<\/strong>: Using corporate data to demonstrate context and valuation basis for transactions in Vietnam.<\/span><\/p>\n<\/li>\n<li data-start=\"1610\" data-end=\"1724\">\n<p data-start=\"1613\" data-end=\"1724\"><span style=\"color: #000000;\"><strong data-start=\"1613\" data-end=\"1628\">Apply IGF<\/strong>: Aggregate cross-border transactions to assess risk and compare international market prices.<\/span><\/p>\n<\/li>\n<li data-start=\"1725\" data-end=\"1857\">\n<p data-start=\"1728\" data-end=\"1857\"><span style=\"color: #000000;\"><strong data-start=\"1728\" data-end=\"1758\">Quality control of records<\/strong>: Review data, contracts, documents, and market comparison figures before submitting to tax authorities.<\/span><\/p>\n<\/li>\n<li data-start=\"1858\" data-end=\"1983\">\n<p data-start=\"1861\" data-end=\"1983\"><span style=\"color: #000000;\"><strong data-start=\"1861\" data-end=\"1886\">Regular updates<\/strong>: Adjust records when there are changes in transactions, corporate structures or new legal regulations.<\/span><\/p>\n<\/li>\n<\/ol>\n<p data-start=\"1985\" data-end=\"2303\"><span style=\"color: #000000;\">Illustrative example: A multinational corporation sets up a local file for its subsidiary in Vietnam, referring to the master file and IGF to demonstrate compliant valuation methods. <strong data-start=\"2144\" data-end=\"2170\">arm&#039;s length principle<\/strong>. Thanks to a complete system of records, businesses reduce the risk of tax arrears and increase transparency in managing related-party transactions.z<\/span><\/p>\n<p data-start=\"1312\" data-end=\"1346\"><span style=\"color: #000000;\">National profile optimization guide:<\/span><\/p>\n<ol data-start=\"1347\" data-end=\"1983\">\n<li data-start=\"1347\" data-end=\"1479\">\n<p data-start=\"1350\" data-end=\"1479\"><span style=\"color: #000000;\"><strong data-start=\"1350\" data-end=\"1377\">Create detailed local file<\/strong>: Fully record related party information, transaction details, valuation method and transfer pricing report.<\/span><\/p>\n<\/li>\n<li data-start=\"1480\" data-end=\"1609\">\n<p data-start=\"1483\" data-end=\"1609\"><span style=\"color: #000000;\"><strong data-start=\"1483\" data-end=\"1508\">Refer to master file<\/strong>: Using corporate data to demonstrate context and valuation basis for transactions in Vietnam.<\/span><\/p>\n<\/li>\n<li data-start=\"1610\" data-end=\"1724\">\n<p data-start=\"1613\" data-end=\"1724\"><span style=\"color: #000000;\"><strong data-start=\"1613\" data-end=\"1628\">Apply IGF<\/strong>: Aggregate cross-border transactions to assess risk and compare international market prices.<\/span><\/p>\n<\/li>\n<li data-start=\"1725\" data-end=\"1857\">\n<p data-start=\"1728\" data-end=\"1857\"><span style=\"color: #000000;\"><strong data-start=\"1728\" data-end=\"1758\">Quality control of records<\/strong>: Review data, contracts, documents, and market comparison figures before submitting to tax authorities.<\/span><\/p>\n<\/li>\n<li data-start=\"1858\" data-end=\"1983\">\n<p data-start=\"1861\" data-end=\"1983\"><span style=\"color: #000000;\"><strong data-start=\"1861\" data-end=\"1886\">Regular updates<\/strong>: Adjust records when there are changes in transactions, corporate structures or new legal regulations.<\/span><\/p>\n<\/li>\n<\/ol>\n<p data-start=\"1985\" data-end=\"2303\"><span style=\"color: #000000;\">Illustrative example: A multinational corporation sets up a local file for its subsidiary in Vietnam, referring to the master file and IGF to demonstrate compliant valuation methods. <strong data-start=\"2144\" data-end=\"2170\">arm&#039;s length principle<\/strong>Thanks to a complete system of records, businesses reduce the risk of tax arrears and increase transparency in managing related-party transactions.<\/span><\/p>\n<h2 data-start=\"219\" data-end=\"235\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><span style=\"color: #000000;\"><strong data-start=\"223\" data-end=\"235\">Conclude<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"237\" data-end=\"677\"><span style=\"color: #000000;\">National records play a key role in tax administration and transfer pricing management, helping businesses demonstrate that transactions between related parties are conducted transparently, complying with Vietnamese tax laws on transfer pricing and OECD regulations on transfer pricing records. Preparing complete and accurate records not only minimizes transfer pricing risks, but also enhances the reputation of businesses before tax authorities and international partners.<\/span><\/p>\n<p data-start=\"679\" data-end=\"998\"><span style=\"color: #000000;\">Compliance with international laws and standards is a prerequisite for businesses to operate safely in a multinational business environment. The effective combination of Local file, Master file and IGF helps businesses manage risks, control market prices and ensure transparency throughout the entire chain of linked transactions.<\/span><\/p>\n<h3 data-start=\"1000\" data-end=\"1139\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><span style=\"color: #000000;\"><strong>Contact information <a style=\"color: #000000;\" href=\"https:\/\/man.net.vn\/\" rel=\"nofollow noopener\" target=\"_blank\">MAN \u2013 Master Accountant Network<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"1141\" data-end=\"1274\">\n<li data-start=\"1141\" data-end=\"1209\">\n<p data-start=\"1143\" data-end=\"1209\"><span style=\"color: #000000;\"><strong data-start=\"1143\" data-end=\"1155\">Address:<\/strong> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/p>\n<\/li>\n<li data-start=\"1210\" data-end=\"1244\">\n<p data-start=\"1212\" data-end=\"1244\"><span style=\"color: #000000;\"><strong data-start=\"1212\" data-end=\"1231\">Hotline \/ Zalo:<\/strong> 0903963163<\/span><\/p>\n<\/li>\n<li data-start=\"1245\" data-end=\"1274\">\n<p data-start=\"1247\" data-end=\"1274\"><span style=\"color: #000000;\"><strong data-start=\"1247\" data-end=\"1257\">E-mail:<\/strong> <a class=\"decorated-link cursor-pointer\" style=\"color: #000000;\" rel=\"noopener\" data-start=\"1258\" data-end=\"1272\">man@man.net.vn<\/a><\/span><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1276\" data-end=\"1430\"><span style=\"color: #000000;\">Be proactive in establishing the correct national profile to reduce tax risks and ensure all related party transactions are managed efficiently, transparently and in compliance with the law.<\/span><\/p>\n<p style=\"text-align: right;\" data-start=\"1276\" data-end=\"1430\"><span style=\"color: #000000;\"><strong>Editorial Board <a style=\"color: #000000;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/\">MAN \u2013 Master Accountant Network<\/a><\/strong><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>H\u1ed3 s\u01a1 qu\u1ed1c gia l\u00e0 m\u1ed9t trong nh\u1eefng y\u1ebfu t\u1ed1 quan tr\u1ecdng trong qu\u1ea3n tr\u1ecb thu\u1ebf v\u00e0 ki\u1ec3m so\u00e1t giao d\u1ecbch li\u00ean k\u1ebft gi\u1eefa c\u00e1c doanh nghi\u1ec7p. Vi\u1ec7c l\u1eadp h\u1ed3 s\u01a1 qu\u1ed1c gia \u0111\u1ea7y \u0111\u1ee7 v\u00e0 ch\u00ednh x\u00e1c kh\u00f4ng ch\u1ec9 gi\u00fap doanh nghi\u1ec7p tu\u00e2n th\u1ee7 lu\u1eadt thu\u1ebf Vi\u1ec7t Nam v\u1ec1 chuy\u1ec3n gi\u00e1 m\u00e0 c\u00f2n gi\u1ea3m [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,19,1],"tags":[],"class_list":["post-679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dich-vu-chuyen-nghiep","category-lap-ho-so-gdlk","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=679"}],"version-history":[{"count":8,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/679\/revisions"}],"predecessor-version":[{"id":2834,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/679\/revisions\/2834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/1744"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}