Important update: Decree 168/2025/ND-CP has just landed, and it makes the UBO disclosure requirement very real. Effective 1 July 2025, the Decree not only spells out who qualifies as an UBO but also rolls out the official forms enterprises must use.

As a follow-up to our previous tax alerts on Global Minimum Tax (GMT), we’d like to provide an update on Vietnam’s adoption of GMT.