Global Minimum Tax May Add $629m to Vietnam State Budget: Report

Aug. 16, 2023, 4:26 AM UTC

Vietnam’s finance ministry estimates the implementation of the global minimum tax may add about $629m to state revenue by 2024, news website Nhip Song reports, citing information from the Ministry of Finance.

  • About 120 FDI enterprises in Vietnam will be affected by the global minimum tax as country’s average corporate income tax is at 12.3% versus 15% of the global minimum tax: report
  • NOTE: Vietnam May Ease Global Minimum Tax Burden for Firms: Tuoi Tre
  • NOTE: Vietnam Mulls Support for Businesses Ahead of Global Minimum Tax

To contact the reporter on this story:
Linh Vu Nguyen in Hanoi ...

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