Vietnam Announces Measures Under Law on Corporate Income Tax 2025

The Vietnamese Government Oct. 19 announced measures under the Law on Corporate Income Tax 2025, effective Oct. 1. The law includes measures: 1) requiring foreign enterprises doing business through e-commerce and digital platforms to pay the tax; 2) clarifying the determination of domestic income for foreign enterprises, and of foreign income for domestic enterprises, including for global minimum tax; 3) expanding the list of tax-exempt income, including for first-time transfers of carbon credits and green bonds; 4) providing foreign e-commerce and digital platforms more flexibility in selecting calendar or fiscal year periods and tax calculation methods; 5) introducing 15 percent ...