A National Assembly (NA) resolution on applying additional corporate income taxes in line with the Global Anti-Base Erosion Rules (GloBE) will take effect from January 1.

Under the resolution, approved by the NA on December 29, a Global Minimum Tax of 15 per cent will be applied to multinational enterprises (MNEs) with revenue exceeding €750 million ($800 million) for two of the last four consecutive years.

Investors subject to the tax will have to pay the GMT in Vietnam.

It is estimated that about 113 MNEs in Vietnam will be affected by the new measure.

According to calculations, the country could pick up VND14.6 trillion ($576 million) each year from topped-up corporate income taxes under GloBE rules.