Eurocham and KPMG are pleased to invite you to join our business luncheon to get updated with in-depth analysis and comprehensive audit.
22 March 2017, 11:45AM - 1:30PM, IT
Located in the heart of South East Asia and along the coastline of the Pacific Ocean, Vietnam offers numerous advantages in providing access to the world’s major trade routes. Over the years, Vietnam has seen a boom in
the number businesses in - and an increase in the role of - the private sector in the economy. In compared to State Owned Enterprises (SOEs) and FDIs, there are currently 500,000 enterprises (90% of total enterprises in Vietnam) which contribute approximately 40% of the country’s GDP and owns 51% of the workforce.
The year 2016 marks a major watershed in the state of affairs related to value chain tax in Vietnam. The global tax systems are changing rapidly as a result of coordinated actions by governments and unilateral measures
designed by individual countries, both intended to tackle concerns over the changes proposed by the OECD Base Erosion Profit Shifting (BEPS) Action Plan and perceived harmful international tax practices of multinationals.
In this context, Vietnam Ministry of Finance (MOF) announced a visible upcoming tax reform to introduce regulatory changes to tackle Base Erosion Profit Shifting (BEPS) practices in connection with multinationals’
transactions and their value chain.
Another major impact for business in Vietnam is The EU-Vietnam Free Trade Agreement (EVFTA) which is scheduled to come into force in 2018. EVFTA will play an important role in helping Vietnam move up the value chain in a
number of sectors and supporting high-skilled jobs and knowledge transfer. Vietnam is expected to have a more significant contribution to the global and regional manufacturing landscape with regards to textile, garment and
apparel, as well as hi-tech sectors like electronics.
The focus for tax analysis needs, more than ever before, to be on identifying the economically significant and value creating functions within a business and the parties responsible for those activities.
Eurocham, in association with KPMG are pleased to invite you to join our business luncheon to get updated with essential guidance in your business planning strategies taking into account that tax and customs authorities have advanced their expertise and knowledge, and performed in-depth analysis and comprehensive audit combining several inter-related areas, including Customs, International Tax and Transfer Pricing.
Registration: email to Ms. Nhung firstname.lastname@example.org or calling 08 3827 2715 - Ext:126