Vietnam MOF Seeks Comments on Draft Resolution to Amend Additional Corporate Income Tax Provisions

The Vietnamese Ministry of Finance Sept. 8 opened a consultation on a draft resolution to amend and supplement Resolution No. 107/2023/QH15, regarding the application of additional corporate income tax in accordance with regulations on preventing global tax base erosion. The draft resolution includes measures to: 1) exempt power plant projects with a government guarantee (GGU) under a build-operate-transfer (BOT) contract from the qualified domestic minimum top-up tax (QDMTT); 2) authorize the government to consider and resolve taxpayer requests for guaranteed investment incentives, subject to conditions; and 3) remove outdated corporate income tax law provisions. The resolution would take effect from ...