Tax & Legal updates - Alert on proposed amendments and changes of the Draft Corporate Income Tax Law

The Draft includes various amendments and additions compared to the current legislation, with some notable key points outlined below:

• Amendments to subjects eligible for tax incentives 
• CIT incentives for expansion project
• CIT on capital transfer
• Non-deductible expense
• CIT rate
• Loss carried forward
• Regulations on Global Minimum Tax (“GMT”)

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*Disclaimer:

This is a guide from Forvis Mazars in Vietnam to update the latest developments in tax, accounting and investment environment in Vietnam. The information and analysis or comments herein are of the generic nature and are quoted or interpreted from the regulations. We recommend that the clients contact Forvis Mazars Vietnam’s advisors for further clarification and professional advice for each particular circumstance.