As a party to the Kyoto Protocol to the United Nations Framework Convention on Climate Change, Vietnam has been developing its legal framework for the operation of Clean Development Mechanism ("CDM") projects. An Inter-Ministerial Circular No. 58/2008/TTLT-BTC-BTN&MT was jointly issued by the Ministry of Finance and the Ministry of Natural Resources and Environment on 4 July 2008 ("Circular No. 58") to provide for the fiscal regime with respect to CDM Projects.
Attached please find a client alert prepared by tax professionals in our Vietnam offices regarding Circular No. 58.
We encourage you to share it with any of
your colleagues who might also find it of interest.
If you have any questions in relation to the content of the attached materials, please contact any of the our tax professionals listed in the attachment.