Notable Tax Matters
Undisclosed foreign oil company
Detailed analysis, evaluation of its production sharing agreements and applicable law throughout a period exceeding 25 years to determine its entitlement to accumulated tax incentives from the Government in a dispute submitted to international arbitration.
Thermtrol (VSIP) Company Ltd
Successfully assisted to act in a corporate tax dispute (multi-million-dollar claim) with local tax authorities related to capital gains tax; continue to advise the Parent on tax matters arising from its restructuring plan.
Assisted client to address tax matters (foreign contractor tax and personal income tax) under Vietnamese tax regulations and the Vietnam-Japan Tax Treaty and in relation to the Ho Chi Minh City Urban Railway Construction Project where Nippon Signal is a subcontractor.
Saigon Premier Container Terminal
Assisted an 80/20 joint venture between DP World and IPC to obtain tax exemption under the Vietnam-France Tax Treaty.
dLocal Group Limited
Advised on taxes that relate to cross-border transactions, intermediate payment services, corporate structure, and business arrangements with a local partner.
Prepared a report on tax matters applicable to the automobile industry to assist Tata to assess strategy for market entry.
British American Tobacco
Provided analysis of its corporate tax dispute with local tax authorities, arising from tax incentives granted under its investment project.
II-VI Vietnam Co
Successfully assisted client in a corporate tax dispute with local tax authorities; dispute arose out of tax incentives granted under its investment project.
First Vietnam Joint Stock Company
Assisted with restructuring for tax purposes in connection with a proposed M&A transaction with Aeon.
Group of well-known multinational FMCG corporations
Successfully assisted to advocate against the imposition of a form of excise tax.
Undisclosed foreign bank
Assisted client to shape the application of the foreign contractor tax to its unique structure.
Assisted client to review documents, agreements and activities to address tax risks and exposure.
Advised on foreign contractor taxes and corporate income taxes arising from an agreement with Vietnamese partner “Hydro-Meteorological Observation Center”under the Vietnam-Italy Tax Treaty.
Advised on corporate structure, project formation, tax and investment incentives for solar and wind projects; conducted due diligence investigations for proposed investment in solar projects in Ninh Thuan Province, (30MW) and two additional solar power projects (50MW and 40MW) in Binh Thuan Province.
Ranemoi Energy Pte Ltd
Advised on basic business model, corporate structure and applicable taxes for wind and solar projects then under consideration.
Undisclosed Foreign Fund
Advised on capital gains tax that may arise from an indirect transfer of shares, and possible solutions to mitigate tax implications.
Undisclosed Foreign Client
Advised on PE exposure that may arise from arrangements between the client and its “employee” under Vietnam tax regulations and Vietnam-Singapore Tax Treaty; provided suggestions to mitigate tax risks.
Numerous undisclosed multinationals
Assisted in tax issues arising from assignment to and return from Vietnam of foreign employees.