Vietnam added to the EU’s “grey list"
10 March, 2022
On 24th February 2022, the Council of the European Union (“EU Council”) added another 10 countries, including Vietnam, to its grey list.
The grey list comprises countries which are deemed by the EU Council to be “co-operative” and have committed to reforming their tax rules so as to comply with certain criteria around transparency, fair taxation, and the implementation of anti-base erosion and profit shifting (“BEPS”) measures. Countries on the list are monitored to ensure they make the necessary changes.
In this Newsbrief we will examine why Vietnam was added and what the consequences may be for taxpayers in Vietnam.
