Topic: global minimum tax

Ms. Dang Mai Kim Ngan, Tax Partner & International Tax Leader at Deloitte Vietnam, tells VET about the implications of the Global Minimum Tax reform, focusing particularly on the Qualified Domestic Minimum Top-Up Tax and compliance considerations for in-scope multi-national enterprises operating in Vietnam.

Some 113 multinational enterprises in Vietnam will be affected by the new tax rates.

$576 million in payments could come to Vietnam each year.

Pros and cons of GMT discussed at NA session on November 20.

If approved, Vietnam will begin enforcing the tax regime from next January.

New tax scheduled to take effect from January 1, 2024.