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Category: Vietnam Tax News

Vietnam’s tax law doesn’t change a lot, however, fiscal policy does. This section monitors Vietnam tax news for changes to fiscal policy, tax breaks and incentives, and draft tax laws and regulations.

Global Minimum Tax ‘not a risk’ for Vietnam FDI: Economist

VinaCapital has released an Economist’s Note Looking Ahead at 2024, in which the firm’s Chief Economist, Michael Kokalari, says the introduction of the global minimum tax should have limited impact on Vietnam’s FDI inflows.  His key points are Vietnam will find away to work around it and rebate some of

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Vietnam issues draft decree re: global minimum tax support fund

Vietnam’s Ministry of Planning and Investment has released a draft decree outlining the establishment of a support fund to compensate foreign firms subjected to the Global Minimum Tax initiative, The Investor is reporting. Key points The fund will support businesses making high-tech goods or applying advanced technology in their operations

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Vietnam’s value-added tax reduction extended

A 2 percent reduction in Vietnam’s value-added tax has been extended to June next year, VTV is reporting. The stimulus measure first introduced during COVID has been extended multiple times as Vietnam’s economy first struggled to recover from the pandemic and is now battling a greater global economic downturn.

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Global Minimum Tax legislation passed in Vietnam, to start Jan 2024

A top-up tax has been approved by Vietnam’s National Assembly and will see corporate income taxes raised to a minimum of 15 percent in the country, Reuters is reporting. This will take effect from January 1 next year. Legislation set to provide alternative benefits to corporate firms operating in the

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