Global Trade Alert
Global Trade Alert

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

Announcement

29 Nov 2023

In November 2023, the government of Vietnam increased the minimum corporate income tax for multinational companies from 10% to 15%.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2024

Revocation date:

No revocation date

Updated: 29 Nov 2023
FDI: Financial incentive In force

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 i...

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