Tax Treaties Covered by the Convention to Implement Measures to Prevent BEPS will be Increased [ Viet Nam ]

June 21, 2023

Ministry of Finance

Tax Treaties Covered by the Convention to Implement Measures to Prevent BEPS will be Increased
[ Viet Nam ]

1. On June 20, Japan made the notification to add the tax treaty between Japan and Viet Nam to the list of existing tax treaties to be covered by the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting" (Convention to Implement Measures to Prevent BEPS) to the Secretary General of the Organisation for Economic Co-operation and Development (OECD) acting as the Depositary of this Convention.

* Viet Nam deposited its instrument of ratification of this Convention on May 23, 2023.

2. This Convention applies to an existing tax treaty where both parties to that tax treaty have chosen to apply this Convention to it and where this Convention has entered into force for those parties. The tax treaty between Japan and Viet Nam will satisfy those requirements on September 1, 2023.

3. The provisions of this Convention applicable to an existing tax treaty and the timing of entry into effect of this Convention for it are determined depending on the choices of each of the parties to that tax treaty. For the details of the application of this Convention to the tax treaties of Japan, see the webpages below.