Regional Finance & Tax Committee Meeting
“An Overview of Taxation & Recent Tax Developments in Vietnam and Myanmar”
On the 13th of June, the Regional Finance & Tax Committee met to discuss issues and challenges in Myanmar and Vietnam.
As these countries continue to generate high interest among investors and continue to be perceived as high-risk but also high-reward jurisdictions, the session provided a forum to share experiences.
For this session we had the pleasure to host as Guest Speaker Mr Bernard Cobarrubias, Regional Tax Director at DFDL.
Mr Cobarrubias, offered an overview of recent developments and compare the tax policies and priorities of each country – from local tax laws governing income tax, value added tax and other taxes to cross-border tax issues. We explored how their similar goals of lowering the tax rate while broadening the tax base, are put into action. We also looked into how effective their tax policies are in attracting foreign investments while also battling the so-called “tax cheats.”
Following the presentation, we had a Q&A, where members were able to engage in an open discussion.