Whereas it was reported last month that GMT legislation was not ready and therefore would not be presented to the current sitting of the National Assembly (NA), and therefore there would be no GMT in Vientam by 2024, the situation has now changed and it is being reported a resolution will make it on to the agenda afterall, The Investor is reporting.
It was also reported last week that three would be no GMT in Vietnam until 2025. This was under the understanding that, despite legislation coming into effect from January 2024 in a number of countries, firms headquartered in those countries but doing business in Vietnam would not need to pay tax until 2025.
See also: Global Minimum Tax News
