Review of related-party transaction compliance

In the context of increasingly strict transfer pricing regulations, reviewing compliance with related-party transactions helps businesses assess the adequacy of documentation, data, and pricing methods in accordance with legal requirements. This is a critical step to identify risks early and make timely adjustments before tax audits take place, while also enhancing transparency and tax risk management in business operations.

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OUR SCOPE OF SERVICES

Assessment of related-party documentation systems

Review the completeness, consistency, and compliance of the local file, master file, and country-by-country report with applicable regulations.

Analysis of related-party transaction valuation methods

Evaluate the appropriateness of the transfer pricing methods applied to each transaction type (goods, services, loans, royalties, etc.) in accordance with the arm’s length principle and OECD guidelines.

Reconciliation of transfer pricing documentation with accounting records

Compare data in transfer pricing documentation with accounting books, financial statements, and corporate income tax returns to identify discrepancies or risks of tax imposition.

Assessment of tax reassessment and penalty risks

Identify weaknesses or errors that may result in tax arrears or administrative penalties and provide risk assessments for each transaction.

Recommendation of adjustments and improvements

Propose solutions to adjust data, supplement documentation, or revise pricing methods to mitigate risks and ensure legal compliance.

Advisory on transfer pricing compliance systems

Recommend building or enhancing internal transfer pricing policies, documentation retention procedures, and finance–accounting team training programs to improve long-term compliance capabilities.

BENEFITS OF ENGAGING OUR SERVICES

Selecting the appropriate partner is paramount; it not only ensures corporate compliance but also enables the enterprise to achieve sustained advancement. At CFT, we are dedicated to generating substantive value and providing management depth, thereby facilitating transparent, secure, and sustainable operations for businesses operating in Vietnam.

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We guarantee that every step of your business deployment in Vietnam adheres to strict standards, regulatory compliance, and accuracy, ensuring outcomes that deliver both legal correctness and genuine economic value.

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At CFT, we provide a diverse portfolio of services tailored precisely to meet the specific requirements and operational phases of your enterprise.

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Confused? Would you like to discuss your issue in more detail, let us help you, please fill in the form below and send it to us. A free consultation email or 45 minute meeting will be arranged to help you understand your accounting issue better.

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