global minimum corporate tax

Update news global minimum corporate tax

Global minimum corporate tax expected to prevent transfer pricing

The application of global minimum corporate tax from the beginning of 2024 is expected to be an effective tool to prevent transfer pricing and tax evasion, thus helping to increase State revenue through additional tax collection.

Global minimum tax rate to impact FDI firms in Vietnam

At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year.

Vietnam to promulgate policy to implement global minimum corporate tax

The Government is consulting experience from other countries and strives to promulgate policy to implement global minimum corporate tax this year, said Prime Minister Pham Minh Chinh.