Global Daily Tax News, Vietnamese Lawmakers Agree Corporate Minimum Tax, (Nov 30, 2023)
Vietnam's National Assembly on November 29, 2023, adopted a resolution in support of the introduction of a Pillar Two minimum tax on large multinational enterprises.
The resolution provides that the minimum tax will apply from January 1, 2024, with 122 multinationals reportedly affected.
The Government previously indicated that it would also introduce tax incentives for multinational enterprises, to ensure the country's international competitiveness.