Vietnam: MAAC signed, intention to implement Pillar Two global minimum tax

Commitment to implement the OECD’s base erosion and profit shifting (BEPS) recommendations

Intention to implement Pillar Two global minimum tax

Vietnam on 22 March 2023 signed the Convention on Multilateral Administrative Assistance in Tax Matters (MAAC) to implement international cooperation for tax administration and prevention of tax evasion and avoidance.

MAAC creates a strong tax administrative measure for member countries (now with the addition of Vietnam consisting of 147 countries) for information exchange, cross border audit and inspection, support in collecting tax, and other activities to prevent tax evasion and avoidance.

By signing the MAAC, Vietnam also expresses its commitment to implement the OECD’s base erosion and profit shifting (BEPS) recommendations, including the Pillar Two global minimum tax.

Read a March 2023 report prepared by the KPMG member firm in Vietnam


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