The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax.
Entrepreneurs are hailing a national plan to reduce corporate income tax
for small- and medium-sized enterprises from 20 per cent to 17 per cent
starting next year.
The production and business sectors paid VND235.5 trillion (US$11
billion) in tax in the first eight months this year, jumping 14.6 per
cent from last year''s figure, according to the Taxation Department.