Draft regulation released on global minimum tax in Vietnam
15 November, 2024
The introduction of a global minimum tax aims to create a fairer taxation system and tackle issues like base erosion and profit shifting. Vietnam is aligning with these international efforts, and the long-awaited draft decree on global minimum tax has now been published for comments. The draft decree is, in principle, aligned with the OECD Pillar 2 model rules and commentary, with the objective of meeting the conditions for a Qualified Domestic Minimum Top-up Tax (QDMTT) and a Qualified Income Inclusion Rule (Qualified IIR).
