07-03-2023 14:36
As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.
24-08-2022 11:29
Implementing a global minimum tax rate will create conditions to increase tax revenue from foreign enterprises, but at the same time put Vietnam in front of new challenges. Patrick Lenain and Agustin Redonda from the Council on Economic Policies in Switzerland analyse the advantages and the risks of this type of tax for Vietnam.
17-05-2022 08:00
In the context of globalisation with the explosion of the digital age, nearly 140 member countries of the Inclusive Framework Forum from the Organisation for Economic Co-operation and Development (OECD), including Vietnam, have agreed to implement a historic global minimum tax (GMT) regime, referred to as Pillar 2.
16-05-2022 08:58
Tax incentives have always been a key factor in attracting foreign direct investment into Vietnam. However, concerns are arising as a global minimum tax agreement threatens to shake up the entire system and, therefore, foreign funding prospects.
05-05-2022 17:18
According to an inclusive framework on tax base erosion and profit shifting (BEPS) from the G20 and the Organisation for Economic Co-operation and Development (OECD), a global minimum tax was agreed upon in October 2021 amongst 137 of the 141 nations that are members of the framework – which was a major step forward in supporting sustainable development goals.
15-06-2021 08:00
Large multinational corporations, including those operating in Vietnam, are carefully watching developments following the landmark corporate tax agreement made by the G7, although market watchdogs are skeptical about a global minimum tax.