The EU removes Vietnam from its list of non-cooperative tax jurisdictions
Topics European Union Vietnam
The European Union (EU) has removed Vietnam from its list of non-cooperative jurisdictions for tax purposes.
Three potential benefits for EU companies investing in Vietnam:
- Removes punitive withholding taxes on payments to Vietnam;
- Not subject to the denial of deductibility for expenses relating to Vietnam;
- DAC6 reporting burden lifted on transactions with Vietnam.
Get in touch if you would like to discuss your investment plans in Vietnam!
Sources
This article is general information and does not constitute tax advice.
Receive Asia Tax Decoded by email
Our monthly digest of tax updates in Asia, in English or in French.