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Vietnam Multi-Nationals Corporate Tax Rate Set at Minimum 15% for Companies with Revenues of at Least €750 Million or $822 Million Effective 2024 with More than 122 Foreign Companies Including Samsung & Apple Supplier Foxconn to be Impacted, Corporate Tax Rate in Vietnam is 20%, Foreign Companies & Foreign-Invested Firms Previously Received Tax Incentives Averaging 12.3% with the Lowest Effective Tax Rate at 2.75%
30th November 2023 | Hong Kong
Vietnam Multi-Nationals corporate tax rate has been set at a minimum 15% for companies with revenues of at least €750 million ($822 million) effective 2024, with more than 122 foreign companies including Samsung and Apple supplier Foxconn to be impacted. The corporate tax rate in Vietnam is 20%. Foreign companies & foreign-invested firms previously received tax incentives averaging 12.3% with the lowest effective tax rate at 2.75%. Vietnam has a GDP of $410 million, $4,086 GDP per capita, and around 99 million population.
“ Vietnam Multi-Nationals Corporate Tax Rate Set at Minimum 15% for Companies with Revenues of at Least €750 Million or $822 Million Effective 2024 with More than 122 Foreign Companies Including Samsung & Apple Supplier Foxconn to be Impacted, Corporate Tax Rate in Vietnam is 20%, Foreign Companies & Foreign-Invested Firms Previously Received Tax Incentives Averaging 12.3% with the Lowest Effective Tax Rate at 2.75% “
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Vietnam Multi-Nationals Corporate Tax Rate Set at Minimum 15% for Companies with Revenues of at Least €750 Million or $822 Million Effective 2024
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