Which entities are exempt from trực tiếp bóng đá euro hôm nay global minimum tax in Vietnam?

Which entities are exempt from trực tiếp bóng đá euro hôm nay global minimum tax in Vietnam?

Based on trực tiếp bóng đá euro hôm nay provisions of Clause 1, Article 2 ofResolution 107/2023/QH15regarding taxpayers as follows:

Taxpayers

1. Constituent entities of a multinational group with consolidated financial statement revenue of trực tiếp bóng đá euro hôm nay ultimate parent company of at least 750 million euros (EUR) or more for at least 2 out of trực tiếp bóng đá euro hôm nay 4 immediately preceding fiscal years, except for trực tiếp bóng đá euro hôm nay following cases:

a) Government organizations;

b) International organizations;

c) Non-profit organizations;

d) Pension funds;

dd) Investment funds as trực tiếp bóng đá euro hôm nay ultimate parent company;

e) Real estate investment organizations as trực tiếp bóng đá euro hôm nay ultimate parent company;

g) Organizations owning at least 85% of asset value directly or indirectly through organizations specified from points a to e of this clause.

2. trực tiếp bóng đá euro hôm nay Government of Vietnam specifies details of this Article.

Thus, trực tiếp bóng đá euro hôm nay entities that are exempt from trực tiếp bóng đá euro hôm nay global minimum tax include:

- Government organizations;

- International organizations;

- Non-profit organizations;

- Pension funds;

- Investment funds as trực tiếp bóng đá euro hôm nay ultimate parent company;

- Real estate investment organizations as trực tiếp bóng đá euro hôm nay ultimate parent company;

- Organizations owning at least 85% of asset value directly or indirectly through trực tiếp bóng đá euro hôm nay above-mentioned organizations.

Which entities are exempt from trực tiếp bóng đá euro hôm nay global minimum tax in Vietnam?(Image from trực tiếp bóng đá euro hôm nay Internet)

Vietnam: What is trực tiếp bóng đá euro hôm nay deduction rate of tangible assets and salaries according to trực tiếp bóng đá euro hôm nay global minimum tax for each year?

During trực tiếp bóng đá euro hôm nay transitional period starting from 2024, trực tiếp bóng đá euro hôm nay deduction rate of tangible assets and salaries as stipulated in trực tiếp bóng đá euro hôm nay global minimum tax regulations for each year is as specified in trực tiếp bóng đá euro hôm nay annex attached toNghị quyết 107/2023/QH15. Specifically:

Tangible asset values and salaries deducted for each year during trực tiếp bóng đá euro hôm nay transitional period

Can constituent entities opt to use a simplified calculation method to determine trực tiếp bóng đá euro hôm nay criteria for exemption from additional tax liability on taxable income in Vietnam?

Based on Clause 7, Article 6 ofResolution 107/2023/QH15on declaration, tax payment, and tax management when applying additional corporate income tax under trực tiếp bóng đá euro hôm nay global minimum tax regulations:

Tax Declaration, Payment, and Management

...

4. Additional corporate income tax under trực tiếp bóng đá euro hôm nay global minimum tax regulations is paid to trực tiếp bóng đá euro hôm nay central government budget.

5. trực tiếp bóng đá euro hôm nay foreign exchange rate for determining trực tiếp bóng đá euro hôm nay revenue threshold, income specified in Articles 2, 4, 5, and 6 of this Resolution is trực tiếp bóng đá euro hôm nay average central exchange rate of December of trực tiếp bóng đá euro hôm nay year immediately preceding trực tiếp bóng đá euro hôm nay year of generated revenue, income as referenced and published by trực tiếp bóng đá euro hôm nay State Bank of Vietnam.

6. Transitional phase liability reductions for fiscal years before December 31, 2026, but excluding fiscal years ending after June 30, 2028, are specified as follows:

a) During trực tiếp bóng đá euro hôm nay transitional period, additional tax in a country for a fiscal year will be considered as zero (0) when meeting one of trực tiếp bóng đá euro hôm nay following criteria:

a.1) In trực tiếp bóng đá euro hôm nay fiscal year, trực tiếp bóng đá euro hôm nay multinational group has a compliant country report with total revenue of less than 10 million EUR and pre-tax profit of less than 1 million EUR or a loss in that country;

a.2) In trực tiếp bóng đá euro hôm nay fiscal year, trực tiếp bóng đá euro hôm nay multinational group has a simplified actual tax rate in that country of at least 15% for 2023 and 2024; 16% for 2025; and 17% for 2026;

a.3) trực tiếp bóng đá euro hôm nay pre-tax profit (or loss) of trực tiếp bóng đá euro hôm nay multinational group in that country is equal to or less than trực tiếp bóng đá euro hôm nay income reduction associated with tangible assets and labor calculated according to trực tiếp bóng đá euro hôm nay global minimum tax regulations for constituent entities residing in that country according to trực tiếp bóng đá euro hôm nay country report;

b) During trực tiếp bóng đá euro hôm nay transitional period, no administrative penalties on tax violations will be imposed for violations regarding declaration and filing of information forms under trực tiếp bóng đá euro hôm nay global minimum tax regulations and additional corporate income tax returns along with explanations due to differences between financial accounting standards.

7. Constituent entities can opt to use a simplified calculation method to determine criteria for liability reduction on additional taxable income, average revenue and income, and actual tax rate.

8. Additional corporate income tax paid under this Resolution is offset when determining trực tiếp bóng đá euro hôm nay corporate income tax payable in Vietnam corresponding to trực tiếp bóng đá euro hôm nay income received from foreign investments.

9. Based on trực tiếp bóng đá euro hôm nay provisions of this Article, trực tiếp bóng đá euro hôm nay Law on Tax Administration and relevant legal provisions, trực tiếp bóng đá euro hôm nay Government of Vietnam regulates trực tiếp bóng đá euro hôm nay content related to tax management of additional corporate income tax under trực tiếp bóng đá euro hôm nay regulations against global tax base erosion.

Thus, when applying additional corporate income tax under trực tiếp bóng đá euro hôm nay global minimum tax regulations:

Constituent entities can opt to use a simplified calculation method to determine trực tiếp bóng đá euro hôm nay criteria for liability reduction on additional taxable income, average revenue and income, and actual tax rate.