accountants and business advisers
7 Steps to Manage Customs Risks from Retrospective Transfer Pricing (TP) Adjustments (for upward adjustment in Thailand)
04 Mar 2020
Many MNCs manage transfer pricing risks by making retroactive TP adjustments when an MNC’s actual profit margin resulted from related party transactions (RPT) that deviated from the reasonable target supported by a transfer pricing benchmarking analysis. In the case where companies make a downward TP adjustment, a refund request in Customs view should be accepted and overpaid duty should be refunded. However, there were many cases the importer still confronts with difficulties to get the Customs Duty refund.
Here are 7 steps to manage more productive (Thai) Customs Duty refunds from downward adjustments:
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