Foreign invested enterprises (FIEs) in Vietnam face significant tax changes for 2024 and beyond:
- Global Minimum Tax (GMT - Pillar Two): Implementation of the 15% Qualified Domestic Minimum Top-Up Tax (QDMTT) for multinational groups with consolidated revenue above €750 million.
- E-Invoice & Anti-Tax Fraud Controls: Stricter real-time verification rules for input VAT invoices issued by suspended or high-risk suppliers.
- Foreign Contractor Withholding Tax (FCWT): Updated compliance expectations on cross-border digital services and royalty disbursements.
- Transfer Pricing Documentation: Reinforced scrutiny on intercompany management fees and interest expense deduction caps under Decree 132/2020/ND-CP.