Analysts: Vietnam needs to prepare for global minimum corporate tax

Global minimum corporate tax expected to take effect from next January.

The global minimum tax rate is a key element of a program to combat tax base erosion and profit shifting, initiated by the Organization for Economic Cooperation and Development (OECD) and now embraced by more than 140 countries and territories.

Vietnam needs to take measures to respond to the negative impact of the global minimum corporate tax in order to retain foreign-invested enterprises (FIEs) and must issue policies for the harmonization of benefits to all sides, according to analysts.

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Anh Tuyet