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Vietnam: Government increased the minimum corporate income tax for multinational companies

Description

On 29 November 2023, the government of Vietnam increased the minimum corporate income tax for foreign companies from 10% to 15%. Vietnam's domestic corporate income tax is set at 20%, but it has offer...

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Intervention Details

Intervention Type

FDI: Financial incentive

MAST Chapter

FDI measures

Implementation date

01 Jan 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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