Vietnam recently announced new rules designed to tax the digital economy and apply from 1 July 2020. These new rules include registration requirements for non-resident e-commerce businesses and withholding tax arrangements for financial institutions. These rules are globally unique and will have far reaching implications.
But how with these rules work in practice, and how will Vietnam’s financial institutions deal with these new rules?
Dean Rolfe a tax partner with KPMG Vietnam will share some observations on this matter including discussion on how these rules are likely to work in practice and some of the challenges that will be created through the implementation and adoption of these new requirements.