Exclusive: Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules
and Germany's Bosch were among half a dozen large investors who pushed for compensations, the source who attended the meeting said.
Samsung's tax rate varies by district, and ranged between 5.1% and 6.2% in 2019 in the two northern provinces where it produces smartphones, according to government data cited by local media. The total cost of the planned measure is estimated at several hundreds millions of dollars a year, the source said, noting that the bill for Vietnam would amount to at least $200 million annually.
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