What are regulations on plan of Ministry of Finance to adjust internal law regulations due to the impact of the Tax Agreement in Vietnam?
What are regulations on plan of Ministry of Finance to adjust internal law regulations due to the impact of the Tax Agreement in Vietnam? What are regulations on plan of Ministry of Finance to implement international commitments related to Tax Agreements in Vietnam? Please advise. Thankyou.
What are regulations on plan of Ministry of Finance to adjust internal law regulations due to the impact of the Tax Agreement in Vietnam?
At Order No. V, Appendix issued together with Decision 662/QD-BTC in 2022 stipulates the plan to implement adjustments to internal law regulations due to the impact of the Tax Agreement of the Ministry of Finance as follows:
|
No |
Implementation content |
Host institution |
Coordination Unit |
Results/products |
Completion time |
|
V |
Make adjustments to internal law regulations due to the impact of the Tax Agreement |
||||
|
14 |
Research concepts and principles according to international standards on tax administration that have been recognized and applied by countries in Tax Agreements to propose adjustments to a number of related regulations in internal law. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Research report on concepts and principles according to international standards on tax administration that have been recognized and applied by countries in tax agreements. |
April 2022 - June 2023 |
|
15 |
Review regulations in internal law and propose amendments to relevant legal documents. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Report reviewing regulations in internal law and proposing amendments to relevant legal documents. |
January 2023 - December 2024 |
What are regulations on plan of Ministry of Finance to adjust internal law regulations due to the impact of the Tax Agreement in Vietnam? (Image from the Internet)
What are regulations on plan of Ministry of Finance to implement international commitments related to Tax Agreements in Vietnam?
At No. VI Appendix issued together with Decision 662/QD-BTC in 2022 stipulates the Ministry of Finance's plan to implement international commitments related to Tax Agreements as follows:
|
No |
Implementation content |
The host institution |
Coordination Unit |
Results/products |
Completion time |
|
VI |
Implement international commitments related to Tax Agreements |
||||
|
16 |
Implement the Multilateral Instrument of Tax Agreement (MLI) after signing with new terms based on the recommendations of the Project on Preventing Tax Base Erosion and Transferring Profits to the Tax Agreement to prevent abuse of the Agreement, Improve the effectiveness of dispute handling, create a clear and transparent mechanism for applying the Agreement, and create favorable conditions for investors. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Complete the signing of the Multilateral Instrument of Tax Agreement (MLI) |
2022 |
|
17 |
Ensure implementation of minimum standards related to the Tax Agreement of the Global Forum on preventing tax base erosion and profit shifting of which Vietnam is a member such as: Minimum standards on Anti-abuse of Agreements and Improve dispute resolution efficiency. |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
April 2022 - December 2030 |
|
|
18 |
Participate in signing and implementing the Multilateral Agreement on Administrative Assistance in Tax Affairs (MAAC) and the General Agreement between Competent Authorities (MCAA) to strengthen international cooperation in tax administration. tax management, tax inspection support, information exchange, especially the automatic information exchange mechanism for information according to common reporting standards (CRS), national profit reporting records of affiliated businesses (CBC). |
General Department of Taxation |
Units under the Ministry, relevant ministries and branches |
Completing the signing of the Multilateral Agreement on Administrative Assistance in Tax Matters (“MAAC”) and the General Agreement between Competent Authorities (MCAA) |
April 2022 - December 2023 |
Best regards!
