What are regulations on Ministry of Finance's plan for renegotiation of signed Tax Agreements in Vietnam?
What are regulations on Ministry of Finance's plan for renegotiation of signed Tax Agreements in Vietnam? What are regulations on Ministry of Finance's plan to develop Agreement provisions on income from digital economic activities in Vietnam?
Please advise. Thankyou.
What are regulations on Ministry of Finance's plan for renegotiation of signed Tax Agreements in Vietnam?
At No. III, the Appendix issued with Decision 662/QD-BTC in 2022 has regulations on renegotiation implementation plan for the signed tax agreements of the Ministry of Finance as follows:
|
No |
Implementation content |
The host institution |
Coordination Unit |
Results/products |
Completion time |
|
III |
Implement renegotiation of signed tax agreements |
||||
|
7 |
- Review all signed tax agreements; - Analyze and evaluate provisions that are no longer suitable for the new situation of each Tax Agreement. - Propose additional provisions that are not in the Agreement, amend or cancel provisions that are no longer appropriate in each signed Agreement in the form of negotiating and signing a Protocol to amend and supplement the signed Agreement. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Report on reviewing and evaluating signed Tax Agreements, proposing additional provisions that are not yet in the Tax Agreement, amending or canceling provisions that are no longer appropriate in each Agreement. |
April 2022 - March 2023 |
|
8 |
Assess the partner country's ability to accept renegotiation to develop an appropriate negotiation plan. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Feasibility assessment report on renegotiation of signed Tax Agreements |
January 2023 - December 2023 |
|
9 |
Promote renegotiation with partner countries signing the Agreement to propose amendments, supplements or cancellation of a number of provisions in some signed Agreements. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Government resolution approving the policy of renegotiation with partner countries |
January 2023 - December 2025 |
What are regulations on Ministry of Finance's plan for renegotiation of signed Tax Agreements in Vietnam? (Image from the Internet)
What are regulations on Ministry of Finance's plan to develop Agreement provisions on income from digital economic activities in Vietnam?
At No. IV, Appendix issued together with Decision 662/QD-BTC in 2022, there are regulations on the Ministry of Finance's plan to develop provisions of the Agreement on income from digital economic activities as follows:
|
No |
Implementation content |
The host institution |
Coordination Unit |
Results/products |
Completion time |
|
IV |
Develop provisions of the Agreement on income from digital economic activities |
||||
|
10 |
- Research OECD and UN proposals on regulations for income from digital economic activities. - Analyze and evaluate the proposal to sign terms for this type of income, and the moves of countries that carry out many digital economic activities in Vietnam. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Report studying OECD/UN proposals on regulations for income from digital economic activities, assessing the feasibility of signing provisions for digital economic activities |
April 2022 - December 2022 |
|
11 |
Develop new provisions of the Tax Agreement on income from digital economic activities |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Provisions on income from digital economic activities are included in the Negotiating Principles |
April 2022 - December 2022 |
|
12 |
Develop a negotiation plan (renegotiation and new negotiation) for this clause with countries where Vietnam receives and provides these activities. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Plan to negotiate terms of income from digital economic activities |
January 2023 - December 2024 |
|
13 |
Proactively promote immediate negotiations with partner countries that have direct influence on Vietnam to ensure no loss of tax revenue and minimize potential disputes. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Government resolution approving the policy of negotiations with partner countries |
January 2024 - December 2030 |
Best regards!
