- Value-added tax
Reduce VAT from January 1, 2024 to June 30, 2024 for groups of goods and services (goods and services) subject to 10% VAT.
Except for:
- Telecommunications, financial activities, banking, securities, insurance, real estate business…
- Goods and services are subject to special consumption tax.
- Information technology
Tax level:
- Calculate tax using the deduction method: Reduce 2% VAT (to 8%).
- Calculate tax using the percentage/revenue method: Reduce the percentage rate by 20% to calculate VAT.
Pursuant to: Resolution 110/2023/QH15, Decree 94/2023
- Global minimum tax
- Officially applied from fiscal year 2024.
- Minimum tax rate of 15%.
- Subjects: Any company or organization belonging to a multinational corporation and any permanent establishment of a company or organization belonging to a group that has revenue in the company’s consolidated financial statements supreme parent for at least 2 years in the 4 years immediately preceding the fiscal year equivalent to 750 million euros or more.
Except for:
- Government organizations
- International organizations
- Non-profit organization
- Retirement fund
- The investment fund is the ultimate parent company
- Real estate investment organization is the ultimate parent company of a multinational corporation
- Organizations with at least 85% of asset value owned directly or indirectly through the above organizations
Pursuant to: Resolution 107/2023/QH15
