At the workshop, Deputy Director of the Policy Department Ms. Manh Thi Tuyet Mai said that, based on Resolution No. 107/2023/QH15 of the 15th National Assembly on global minimum tax effective from January 1, 2024, the GDT is assigned to develop a Decree detailing the implementation of the additional corporate income tax under the global base erosion and profit shifting (BEPS) regulations.

It is expected that in July 2024, the draft Decree will be circulated for comments from ministries, agencies, associations, and relevant agencies and posted on the Government’s website and the Ministry of Finance’s website. After receiving comments, the Ministry of Finance (GDT) will synthesize, research, and finalize the draft Decree for submission to the Government in October 2024.

“The workshop is organized to finalize the draft Decree dossier before soliciting public comments. The GDT hopes to receive comments from experts to soon finalize the draft Decree,” – emphasized Deputy Director Manh Thi Tuyet Mai.

In the framework of the workshop, IMF experts shared international experience in building legal documents related to global minimum tax. The key contents include: identifying enterprises subject to tax, procedures, and specific tax management measures for these enterprises.

The workshop also held in-depth discussions to address difficulties in the process of drafting the Decree. As a result, the GDT collected many valuable comments to complete the draft Decree detailing Resolution 107 before submitting it for public comment.

The Global Minimum Tax Workshop is evidence of the GDT’s efforts to closely coordinate with reputable international organizations like the IMF to improve the tax legal system and ensure effective implementation of the global minimum tax policy in Vietnam.

Expected results:

• Finalize the draft Decree detailing Resolution 107 on global minimum tax.
• Ensure effective implementation of the global minimum tax policy in Vietnam.
• Contribute to promoting transparent and effective tax management.