Services
We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
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Statutory audits
As a member firm of Grant Thornton International (GTIL), we provide international-standard audit & assurance services. We perform audit services effectively and efficiently by utilising our global audit methodologyo deliver consistent audit services globally and the integrated audit tool (Leap) to maintain audit quality and improve audit efficiency. Also our audit services are regularly reviewed by GTIL review team, thereby allowing us to further improve our audit quality.
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IPO voluntary audits
Grant Thornton Taiyo LLC provides audits for preparing for public offering, based on its extensive experience, to many companies aiming to go public.
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Other voluntary audits
Grant Thornton Taiyo LLC provides various types of discretionary audits based on the request of management.
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Information security audit
We verify and evaluate the state of appropriate controls based on information security risk assessments, and provide accurate advice to help improve information security.
Ambitious organisations need to consider their tax affairs carefully to gain trust and stay ahead of their competitors.
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Business Tax Services
Growing businesses need strong tax management to meet current and future tax liabilities and we can help you achieve this, whatever challenges you face.
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Private Client Consulting
Private Client Consulting team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.
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International Tax Services
In an ever-increasing environment of global competition, businesses must now cope with not only the complexity of different global operating environments, but also with global tax, legislative and corporate regulatory requirements.
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Transaction Tax
Our collaborative approach creates dynamic teams with a range of financial, commercial and operational backgrounds. We can help you understand the value drivers behind successful transactions. We support you throughout the transaction process helping achieve the best possible outcome at the point of the transaction and in the longer term.
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
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Human Capital
With expertise in visa, payroll, human capital and income tax, we adopt a multi-disciplinary and global approach to provide comprehensive solutions to businesses' most valuable asset-people.
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Corporate Finance
Growing your business profitably against a tough economic backdrop is challenging and correctly evaluating and delivering transactions is a key part of a company’s growth strategy.
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IPO Consulting
From business incubation to public stock offering, we offer a wide range of support programsservices for every stage of business development.
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International financial reporting standards (IFRS)
Our IFRS advisers can help you navigate the complexity of the Standards so you can focus your time and effort on running your business.
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Reorganizations
Grant Thornton Taiyo Inc. provides total support for corporate restructuring; aimed atto responding to dramatic changes in the management environment.
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Corporate governance and risk management
Helping you balance risk and opportunity
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Forensic and investigation services
Rapid and customised approach to investigations and dispute resolution
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Market research
Growing your business profitably against a tough economic backdrop is challenging and correctly evaluating and delivering transactions is a key part of a company’s growth strategy.
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Strategy
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term..
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China Business and Tax Advisory Services
We take the worry out of doing business in China, working closely with Grant Thornton member firms and other professional accounting firms in China.
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Business Process Re-engineering
Growing your business profitably against a tough economic backdrop is challenging and correctly evaluating and delivering transactions is a key part of a company’s growth strategy.
With our unique culture and opportunities, our organisation is a place where you can grow. Wherever you are in your career, we help you to make a difference...
Job Type
Having an appropriate transfer pricing policy and supporting documentation in place is the most critical part of achieving a favorable audit result, or to reduce the risk of being selected for a full-scale transfer pricing audit.
Background on Transfer Pricing Audits
The NTA typically undertakes a preliminary inquiry to determine whether a taxpayer is an appropriate target for a transfer pricing audit. This normally takes several months. If selected for a full scale audit, the process may take from 1 to 3 years. During the audit period, the taxpayer can expect to be active in negotiating with the audit examiner and meeting examiner requests. Information available to NTA examiners and considered during this target selection process includes (i) shrinking profits or persistent losses in Japan; (ii) intangible transactions or intra-group services; (iii) changes in transfer pricing method; and (iv) transactions with a related party in a tax haven or low-tax jurisdiction.
The NTA does not publicize the specifics of its criteria for selecting transfer pricing audit targets, but the applicable administrative guidelines require that NTA examiners carrying out transfer pricing audits consider documents describing the relationship between the taxpayer and the foreign related person, the specifics of the transaction in question, and the selection methodology of comparables and transfer pricing method. For assessments, examiners are directed to consider operating and gross profit margins against internal or external comparables and in light of the functions performed and risks borne by each entity. Japan’s tax authority puts less emphasis on assets employed than other jurisdictions. A transfer pricing assessment may go back 6 years – double the period allowed for general corporate tax assessments.
Audit Support Services
For companies facing a transfer pricing audit, our transfer pricing team can assist with:
- Early identification of high risk target transactions
- Quantifying potential assessments
- Devising appropriate countermeasures and defense strategies
- Participation at on-site audits
- Negotiating assessments and other issues
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