Suchergebnisse

As a developing country, Vietnam has encountered some difficulties in collecting proper amounts of tax revenue from multinational enterprises. Thus, it has been closely and keenly monitoring the G20/OECD BEPS Program of tax reform since the publication of the BEPS final reports in 2015. Following its active role in promoting the implementation of BEPS Actions throughout the APEC member countries, Vietnam was admitted as the 100th member of the Inclusive Framework on BEPS in June 2017. This chapter examines Vietnam's implementation of the 15 Actions to date, particularly the minimum requirements involving Actions 5, 6, 13 and 14. It is apparent that, prior to becoming a member of the Inclusive Framework, Vietnam had introduced unilateral measures to protect its tax bases, particularly its corporate income tax base, with respect to multinational enterprises. A good example is the Decree 20/2017/ND-CP which contains a host of BEPS-related measures such as transfer pricing and country-by-country reporting. The chapter concludes that the implementation of BEPS would present both challenges and opportunities for Vietnam. The key challenge is the General Department of Taxation's lack of suitable human resources. In terms of opportunities, Vietnam could rapidly improve its tax legislative framework and tax administrative practices with reasonable costs within a short time frame.

This article examines the use of tax compliance costs in evaluating tax reform and seeks to demonstrate that the Government's current approach is flawed.