Vietnam: Competent Authority Arrangement | KPMG | GLOBAL
Share with your friends

Vietnam: Competent Authority Arrangement with United States, implementing FATCA

Vietnam: Competent Authority Arrangement

State Bank of Vietnam in February 2017 announced that the “competent authorities” of Vietnam and the United States of America entered into a Competent Authority Arrangement (“CAA”) in October 2016 concerning implementation of the FATCA regime in Vietnam.


Related content

According to the announcement (13 February 2017) about the CAA between Vietnam and the United States, Vietnamese financial institutions are to study the CAA and intergovernmental agreement (IGA) Model 1B between Vietnam and the United States for proper implementation and compliance. The CAA addresses matters concerning registration of Vietnamese financial institutions as well as rules for the timing and manner of automatic exchange of information.


Read a February 2017 report prepared by the KPMG member firm in Vietnam

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal