On 1 September 2023, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered into force for Vietnam.
Regarding the tax treaties covered by the Multilateral Instrument (MLI) that have already come into effect between Vietnam and other countries, the MLI typically becomes effective for withholding taxes starting from 1 January 2024 and for other taxes, it applies to taxable periods beginning on or after 1 March 2024. This commencement date is six months after the MLI’s entry into force.
For a comprehensive list of Vietnam’s reservations and notifications submitted when the ratification instrument was deposited, please refer to the provided link for the official and definitive information.
