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Update news global minimum corporate tax
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.
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.
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.