On 23 May 2023, Vietnam has deposited its instrument of approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS Convention). This move makes Vietnam the 81st jurisdiction to ratify the convention.
The Socialist Republic of Vietnam has submitted a comprehensive list of reservations and notifications in accordance with Articles 28(5) and 29(1) of the Convention. Vietnam’s participation in the convention will become effective starting from 1 September 2023.