Vietnam MOF Seeks Comments on Proposal to Amend Corporate Income Tax Law, Including for Pillar 2

The Vietnamese Ministry of Finance June 12 opened a consultation on a proposal to amend the corporate income tax (CIT) law. The proposal includes measures to: 1) amend the law with respect to 15 percent global minimum taxation under OECD Pillar Two; 2) make adjustments concerning tax evasion and tax avoidance by multinational enterprises (MNEs); 3) expand the tax base and ensure unification of tax calculations; 4) prevent base erosion and profit shifting (BEPS) with digital platforms, and in transfer pricing; 5) adjust tax incentives for small enterprises, and for science and technology enterprises; and 6) synchronize CIT laws with ...