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| Production at Jasan Textile & Dyeing Vietnam (Photo: VNA) |
Hanoi – The Ministry of Planning and Investment (MPI) is working on the design of incentives and measures to support new investment activities amid the upcoming application of the global minimum tax.
Vietnam has been one of the countries to join the OECD global minimum tax rule, a minimum rate of tax on corporate income internationally agreed upon and accepted by inpidual jurisdictions which was introduced in 2021. Each country would be eligible to a share of revenue generated by the tax. On August 4, 2022, the Prime Minister formed a special taskforce led by Deputy Prime Minister Le Minh Khai for the studying and proposal of measures related to the OECD's deal.
By VNA
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