multinationals keen to thrash out global tax arrangements

Multinationals keen to thrash out global tax arrangements

Multinational enterprises are willing to pay the global minimum tax in Vietnam, but the calculation and implementation of top-up fees may cause a headache.
calculation of top up payable under pillar 2 global minimum tax

Calculation of top-up payable under Pillar 2 global minimum tax

The Vietnam Association of Foreign Invested Enterprises (VAFIE) and Washington D.C.-based International Tax and Investment Center (ITIC) held an international workshop themed "Pillar 2 Global Minimum Tax Implementation in Vietnam" today.
big foreign groups await gmt direction

Big foreign groups await GMT direction

Foreign enterprises are expecting the early implementation of the government’s new investment support fund so that they can boost investment in Vietnam amid the entry into force of the global minimum tax.
preferential support on cards for gmt alignment

Preferential support on cards for GMT alignment

Green production and business, a favourable digital environment, high-quality human resources, and a suitable living environment are necessary factors for Vietnam in implementing the global minimum tax.
new fund a solution to gmt concerns

New fund a solution to GMT concerns

The Ministry of Planning and Investment has created a draft decree for a brand new investment support fund, but the scale of the projects and investors under the draft’s purview is the subject of intense debate and discussion.
preparations for a gmt overhaul

Preparations for a GMT overhaul

The global minimum tax regulations are now under effect. Le Khanh Lam, chairman of RSM Vietnam, explains why preparations for this move will be necessary for Vietnam’s permanent development.
projected gmt consequences on foreign investment

Projected GMT consequences on foreign investment

Last November, Vietnam legalised rules regarding the introduction of global minimum tax (GMT). It is set at 15 per cent in Vietnam for enterprises considered as constituent entities of multinational corporations (MNCs) with consolidated revenue from €750 million (around $815 million) in two of four consecutive years.
mission now clear in journey to adapt to gmt rate

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.
the tax policy impact on luring in fresh investment

The tax policy impact on luring in fresh investment

New tax policies in recent years have contributed significantly to building confidence from foreign investors and creating a competitive and sustainable business environment, directly contributing to Vietnam’s foreign investment growth in 2023.
vietnam races to stay competitive with new gmt

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. With countries around the world revamping their tax systems, Vietnam must also navigate this new landscape in order to stay competitive and draw in new foreign investment.
vietnam primed for gmt adoption

Vietnam primed for GMT adoption

With a long-awaited resolution adopted by the legislature, Vietnam now has a legal framework for applying top-up corporate income tax under a new international system.
vietnam to develop initiatives to sustain fdi flows

Vietnam to develop initiatives to sustain FDI flows

Vietnam will set up a support fund to encourage and lure strategic investors and multi-national groups, making it more attractive in attracting foreign direct investment, as the National Assembly recently approved a resolution on applying additional corporate income tax in accordance with the Global Anti-Base Erosion Rules (global minimum tax).
vietnam will remain fdi magnet with global minimum tax in place

Vietnam will remain FDI magnet with global minimum tax in place

On November 29, the National Assembly of Vietnam approved a resolution on applying additional corporate income tax following the Global Anti-Base Erosion Rules, which is expected to have an impact on foreign direct investment (FDI) inflows into Vietnam.
vietnam set to implement global minimum tax

Vietnam set to implement global minimum tax

Vietnam is poised to adopt global minimum tax (GMT) regulations, a move set to impact 122 foreign investment conglomerates and strengthen the country's fiscal framework in line with international standards.
vietnam envisages gmt application by early 2024

Vietnam envisages GMT application by early 2024

Deputy general director of the General Department of Taxation Dang Ngoc Minh delves into the factors that are instrumental in Vietnam applying the global minimum tax (GMT) scheme from 2024.