jueves, 27 de octubre de 2016

Vietnam Signals Preparations for Transfer Pricing Safe Harbor Rules

Vietnam, has begun the process of creating Safe Harbor rules. The proposal currently includes an undefined price ceiling that establishes which transactions are small enough to avoid standard transfer pricing documentation. Other requirements, such as transaction type, are likely to be added in as the proposal takes shape in the coming months. The OECD cautions that special attention should be given to safe harbor requirements in order to avoid corporations that could exploit them to go “safe harbor shopping” and lower their taxes. Although specific details about requirements aren’t currently in place, local tax authorities believe that the rules will be finalized by the end of 2016.

The Vietnamese General Department of Taxation’s article about safe harbors can be found here.

The OECD’s policy on safe harbors can be found here.

Source: Transfer Pricing Times: Volume XIII, Issue 7

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