Draft resolution on Global Minimum Tax policy in Vietnam issued for public consultation
01 August, 2023
The Ministry of Finance is preparing a draft resolution on Global Minimum Tax policy to submit to the Vietnamese National Assembly. On 25 July, a draft resolution was released for public comments.
By way of background, under the BEPS Pillar 2 model issued by the OECD, each in-scope multinational enterprise should pay a minimum effective tax rate of 15% on profits in each of the jurisdictions where they operate.
The draft resolution provides insights into the implementation of Global Minimum Tax policy in Vietnam. This is proposed to take effect from 1 January 2024.
