Vietnam to impose global minimum tax from 2024

06:00 | 11/12/2023PolicyFollow Ven.vn on
Vietnam will impose a minimum corporate income tax rate of 15% on multinational companies with consolidated revenues of more than 750 million EUR in at least two of the last four years from January 1, 2024.
National Assembly deputies vote to impose the global minimum tax from 2024.
National Assembly deputies vote to impose the global minimum tax from 2024.

The measure was approved by the National Assembly on November 29, with 93.52% of deputies voting in favour.

Investors subject to the tax must pay the global minimum tax in Vietnam.

The rules do not apply to government organisations, international organisations, non-profit organisations, pension funds, investment funds and real estate investment organisations that are ultimate parent entities.

The additional corporate income tax in accordance with the global minimum tax regulations will be paid to the central budget.

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