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Failure to manage permanent establishment risks when doing cross-border business activities may result in an unexpected negative impact on a multinational corporation’s tax position.

Welcome to our Tax hub for tax newsletters, tax updates on the new policies.

The majority of Vietnamese taxpayers end their financial years on December 31 and thus will be subject to the deadline for 2017 corporate income tax (“CIT”) returns on March 31, 2018.

In an effort to provide detailed guidelines for implementation of some articles of the Decree No. 20/2017/ND-CP (“Decree 20”) issued by the Government on 24th February 2017 and promulgated the management of taxation on businesses having related party transaction(s), on 28th April 2017, the Ministry of Finance has issued Circular No. 41/2017/TT-BTC (“Circular 41” or “the Circular”) with effect from 1st May 2017 onwards.

On February 24, 2017, the Vietnam Government issued a new transfer pricing decree—Decree No.20/2017/ND-CP (the ‘‘decree’’)—which is effective from May 1, 2017. The decree replaces the existing transfer pricing regulations and provides new compliance requirements aligned with the concepts and principles from the Organization for Economic Cooperation and Development (‘‘OECD’’) guidelines and Base Erosion and Profit Shifting (‘‘BEPS’’) framework.

With increasing compliance obligations and risks expected as a result of BEPS, tax is set to be more integral to businesses decision making processes

Effective management of country-by-country reporting is going to require a new way of looking at transfer pricing

Grant Thornton article discussing the impact of the Foreign Account Tax Compliance Act (FATCA) on non-US companies.

F&B companies are using international expansion to chase profits globally.

Tax management within multinational enterprises has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest report from our BEPS series exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.

One of the key areas is transfer pricing documentation, our latest article discusses the demands that companies currently face and how the bar is to be raised further following the OECD's Base Erosion Profit Shifting (BEPS) Action Plan.