GLOBAL MINIMUM TAX – OPPORTINUTIES AND CHALLENGES FOR VIETNAM

Abstract

The global minimum tax rule is one of the main contents in the program to prevent base erosion and profit shifting initiated by the Organization for Economic Co-operation and Development (OECD), expected to apply from September 1. January 1, 2024 with the participation of 142 countries, including Vietnam. Vietnam is currently a developing country which has a large open economy and mainly receives foreign investment, so when the global minimum tax is applied, the Vietnamese economy will be greatly affected. Based on learning about global minimum tax, opportunities and challenges when applying global minimum tax to Vietnam, the article has made some recommendations to minimize the adverse impacts of global minimum tax as well as maintain the attractiveness of the investment environment in Vietnam.