Knock-on effects of global minimum tax regime

Knock-on effects of global minimum tax regime

A global minimum tax (GMT) policy aims to prevent tax avoidance and tax competition, and to ensure that all countries get a fair share of the tax revenues from the global profits of these organisations. The policy consists of two pillars, with Pillar 2 establishing the 15 per cent rate.
How will GMT affect FDI in Vietnam?

How will GMT affect FDI in Vietnam?

Vietnam has offered generous tax incentive policies to foreign investors in recent years to encourage them to establish manufacturing plants and processing facilities across the country.
Plans manifest to balance GMT impact

Plans manifest to balance GMT impact

Appropriate and sturdy policies relating to the upcoming implementation of a global minimum tax could ensure that Vietnam quickly recovers foreign investment attraction.
Overcoming challenges of global minimum tax

Overcoming challenges of global minimum tax

Takeo Nakajima, chief representative of JETRO Hanoi spoke to VIR’s Bich Thuy about Japanese investment trends and solutions to overcome the challenges of GMT.
Global Minimum Tax: a call for strategic revisions in Vietnam's special zones

Global Minimum Tax: a call for strategic revisions in Vietnam's special zones

Loc Huynh, a lawyer from Dentons LuatViet, a Vietnamese law firm, delves into the implications of the incoming Global Minimum Tax for Vietnam's special zone developers.
Vietnam sets October for move towards global minimum tax adoption

Vietnam sets October for move towards global minimum tax adoption

The Vietnamese government is slated to table the proposed legislation regarding global minimum tax before the National Assembly in October.
UK investors confident in Vietnam’s GMT response

UK investors confident in Vietnam’s GMT response

Many British investors in Vietnam are large multinational corporations, who view the country as an emerging market or an increasingly promising place for future investment. That said, Vietnam will find many of them to be in the scope of the global minimum tax (GMT) regime and Pillar 2 by the Organisation for Economic Co-operation and Development (OECD).
Vietnam sets out stall on GMT impacts

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.
Changes to special consumption tax must be studied carefully

Changes to special consumption tax must be studied carefully

The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.
Lessons for Vietnam in global corporate tax transformation

Lessons for Vietnam in global corporate tax transformation

Countries such as Thailand, Malaysia, Indonesia, and others have announced many drastic moves to find solutions to deal with and retain investors in anticipation of possible impacts of the global minimum tax (GMT).
European businesses face the storm of new tax regime

European businesses face the storm of new tax regime

The application of the global minimum tax is getting nearer, creating a new challenge for multinational corporations.
Vietnam mitigates global minimum tax issues for foreign investors

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.
Global enterprise tax will give tech sector food for thought

Global enterprise tax will give tech sector food for thought

Under the two-pillar solution released by the Organisation for Economic Co-operation and Development on the global minimum tax (GMT), tax incentives for multinational enterprises investing in Vietnam, especially companies in the technology sector, will face certain challenges in maintaining competitiveness and attracting investment.
Tech groups coy over GMT consensus

Tech groups coy over GMT consensus

It is likely that some of the world’s most well-known tech groups will seek government guarantees or other forms of support in order to deal with the upcoming implementation of a global minimum tax on corporates.
MPI builds new investment incentives to match global minimum tax rule

MPI builds new investment incentives to match global minimum tax rule

The Ministry of Planning and Investment (MPI) is working on the design of incentives and measures to support new investment activities amid the upcoming application of the global minimum tax.
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