On 22 December 2017, the President of the United States signed into law a bill originally introduced in the House of Representatives as the “Tax Cuts and Jobs Act” (H.R. 1). The law change represents the most comprehensive overhaul of the US tax system in more than 30 years. It may influence companies’ global supply chains, location of functions and intellectual property, financing, and financial reports. With respect to Vietnam, the changes are most relevant to US multinationals with operations in Vietnam and US operations of Vietnam investors. However, given the influence US companies have on the global economy, its effects could be far broader.
Please join us as EY US Tax specialists, as well as local experts, discuss how the new tax law changes will affect both US multinationals as well as Vietnam corporations with US operations and how corporations should consider and be prepared for going forward.
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