Global minimum tax: opportunity for expediting policy reform, int’l integration

The application of the global minimum corporate income tax policy in Vietnam is expected to serve as a catalyst to expedite policy reforms and promote international integration efforts of the country, according to insiders.

According to the Ministry of Finance, there are 1,015 foreign direct investment (FDI) enterprises subject to the global minimum tax, accounting for 4.5% of the total number of businesses in Vietnam. Among them, over 70 enterprises are likely to be affected by the global minimum tax rate.

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