global minimum tax

Update news global minimum tax

Mission now clear in journey to adapt to GMT rate

Now could be a good time for Vietnam to review investment incentives and raise diversified policies in line with international practices.

Vietnam races to stay competitive with new GMT

The international community is speeding towards the implementation of a global minimum tax, and Vietnam is no exception.

Global minimum tax: opportunities and challenges

Vietnam, which has been integrating deeply into the world economy, has no other choice than to apply the global minimum tax.

Lawmakers endorse global minimum tax rules, starting in 2024

With more than 93% of votes in favour, the National Assembly approved a resolution on applying additional corporate income tax in line with the Global Anti-Base Erosion Rules (global minimum tax), due to take effect as of January 1, 2024.

NA deputies urge new incentives for FDI when global minimum tax is applied

More than 100 countries and jurisdictions joined the framework, including VN, many of which start to adopt the global minimum tax from the...

NA to consider new tax policy amid global minimum tax application

One of two resolutions added to the National Assembly's 2023 law-building program aims to give a push in attracting new foreign investment and retaining existing investors.

Application of global minimum tax necessary: officials

The National Assembly (NA) on November 10 listened to the proposal on a draft resolution on the imposition of top-up corporate income tax under the Global Anti-Base Erosion (GloBE) rules, and a verification report on this draft.

VN should apply global minimum tax from 2024: tax official

The Ministry of Finance drafted a resolution for the adaptation of the global minimum tax, paving the way for the adoption of the global minimum tax in Vietnam from next year.

Vietnam to internalize global minimum tax rules for implementation in 2024

Vietnam will internalize additional tax and incentive policies to support the enforcement of the global minimum tax in early 2024, in order to prevent tax evasion and encourage foreign businesses to operate in the long term in the country.

VN to support investment in hi-tech fields amid global minimum tax

The Ministry of Planning and Investment (MPI) has proposed measures to support investment in hi-tech fields amid the global minimum tax regime.

Global minimum tax: VN considers financial support for investors

The Ministry of Planning and Investment (MPI) has proposed a pilot investment support policy when applying the global minimum tax: either deducting from enterprises’ tax obligations, or paying directly with money from the state budget.

Vietnam to apply global minimum tax in 2024

Vietnam supports the global minimum tax and plans to begin the tax application in 2024, creating a favorable mechanism to encourage enterprises to pay additional tax in Vietnam.

Ministry proposes measures to implement global minimum tax initiative

The tax authority estimated that about 112 MNEs in Việt Nam would be affected by the global minimum tax if it was applied from 2024.

Global minimum tax to go before National Assembly

The Government plans to send the global minimum tax policy to the National Assembly for discussion.

Vietnam to pass global minimum tax policy late this year

The Government is likely to submit to the National Assembly this October a draft policy relating to the global minimum tax which is scheduled to take effect on January 1, 2024 globally.

Vietnam sets out stall on GMT impacts

Concerns among multinational corporations about new global tax impacts are expected to be eased by Vietnam’s efforts to facilitate the foreign business community.

Imports flood Vietnam, reducing domestic production

The market opening and tariff removals under the framework of free trade agreements have paved the way for foreign products to flood the domestic market. But Vietnam has no technical barriers to protect domestic production.

Vietnam mitigates global minimum tax issues for foreign investors

Vietnamese tax officials are looking at customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises.

Vietnam should apply global minimum tax but in a wise way: economist

What will Vietnam lose and gain when attracting FDI if it applies the global minimum tax proposed by the Organization for Economic Co-operation and Development (OECD)?

Finance Ministry fears global minimum tax may affect VN's ability to attract FDI

Minister of Finance Ho Duc Phoc has expressed concern that tax incentives offered by Vietnam to foreign investors will become less important once the global minimum tax scheme takes effect.