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Vietnam stands to make US$600 million in tax revenue from GMT in 2024

If a Global Minimum Tax comes into force in all OECD member states from the start of 2024,  and Vietnam has a top-up tax in place, the country could benefit to the tune of US$600 million in increased tax revenue a government report has found, The Investor is reporting.

In October, it was announced that GMT legislation would not come before the current sitting of the National Assembly because alternative support policies were incomplete. It was then announced last week that there had been a change of plans and said legislation would come before the National Assembly afterall. 

See also: Global minimum tax legislation delayed, alt. support for business not ready 

See also: Global Minimum Tax off the cards in Vietnam until 2025 

See also: Global Minimum Tax (GMT) finds its way onto current NA sitting agenda

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