VATupdate

How to navigate uncertainties (Adjusting transfer prices) in tax and customs compliance in the pandemic

Adjusting transfer prices to cope with the vagaries of the COVID-19 pandemic can trigger consequences in tax and customs compliance.

The world has lived in the shadow of the COVID-19 pandemic in the last 18 months. Businesses faced significant stresses and uncertainties during this period. They continuously adapted their business models and supply chains to respond to the challenges brought on by the pandemic. With vaccination intensifying and countries increasingly moving towards managing an endemic scenario, more economies are now trying to open up with more activities, hoping to get back to pre-COVID-19 conditions.

Insights on India, Singapore, Vietnam.

Source EY

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