Vietnam 2024 Corporate Tax Guide Released by Dezan Shira

March 28, 2024

Insightful Guide on Corporate Tax Planning in Vietnam for 2024 Released

The comprehensive guide to Corporate Tax Planning for Businesses in Vietnam in 2024 has been meticulously crafted and is now accessible through the Asia Briefing Publication Store. This insightful publication, brought to you by Vietnam Briefing and supported by Dezan Shira & Associates, serves as an invaluable resource for businesses navigating the tax landscape in Vietnam.

Key sections of this issue include an in-depth analysis of Corporate Taxes in Vietnam, detailed information on Vietnam’s Implementation of the Global Minimum Tax, and a thorough exploration of the Tax Incentives for Business Enterprises in Vietnam. Each segment is designed to equip readers with the knowledge to optimize their tax strategies within the Vietnamese market.

Vietnam’s commitment to maintaining a robust and transparent tax system is evident, positioning it ahead of many emerging markets. The standard Corporate Income Tax (CIT) rate stands at 20 percent, applicable to a broad spectrum of business entities. However, Vietnam’s investment incentives, particularly tax breaks, have been instrumental in attracting global investors. These incentives are tailored to foster growth in specific sectors and regions, promoting technological and educational progress.

In alignment with the OECD’s global anti-base erosion (GloBE) Model Rules, Vietnam will introduce a top-up corporate tax from 2024. This move is expected to impact approximately 122 foreign companies, as estimated by the Vietnamese government.

The latest edition of the Vietnam Briefing magazine delves into the nuances of Vietnam’s corporate tax structure for the upcoming year, highlighting pivotal changes and the incentives available to businesses. It also elucidates the forthcoming top-up tax framework. Given the dynamic nature of Vietnam’s regulatory environment and the unique tax situations of individual enterprises, professional tax advice is highly recommended.

For further details on tax, audit, transfer pricing, VAT, and how to leverage key incentives in Vietnam, businesses are encouraged to reach out to the experts at vietnam@dezshira.com.

About Us:
Vietnam Briefing is a trusted source of information produced by Asia Briefing, a subsidiary of Dezan Shira & Associates. The publication provides valuable insights for foreign investors across Asia, including ASEAN, China, and India. For editorial inquiries or to subscribe to our products at no cost, please contact us. For investment assistance in Vietnam, visit www.dezshira.com or get in touch via vietnam@dezshira.com. With offices across Asia and global alliances, Dezan Shira & Associates is well-equipped to support foreign investments in the region.

tax incentives
In Vietnam 2024, sectors with tax incentives include high-tech, renewable energy, advanced manufacturing, agriculture, and SMEs, aiming to boost innovation and sustainable growth.

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