Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.
Vietnam has officially become the 99th member of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
Tax chiefs from 17 Asia-Pacific countries and territories, including Vietnam, began their annual talks in Indonesia to discuss a digital tax and how to tackle the issue of base erosion and profit shifting (BEPS).
International delegates attending the APEC Finance and Central Bank Deputies’ Meeting (FCBDM) spoke highly of four priorities for APEC cooperation initiated by Vietnam in 2017, including Long-term Investment in Infrastructure, Base Erosion and Profit Shifting, Disaster Risk Financing and Insurance and Financial Inclusion.
APEC finance ministers will focus on discussing four cooperation priorities in 2017, including long-term infrastructure investment, base erosion and profit shifting (BEPS), disaster risk financing and insurance (DRFI), and inclusive finance, at their 24th meeting and related events in Hoi An city, the central province of Quang Nam, from October 19-21.
An official of the Ministry of Finance has detailed four financial cooperation initiatives proposed by Vietnam in the APEC Year 2017, ahead of the Senior Finance Officials’ Meeting slated for May 18-19 in Ninh Binh province.
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