The Global Minimum Tax, also known as the Global Minimum Corporate Income Tax (GMT), applies to large multinational corporations investing in countries with corporate income tax rates lower than the standard threshold. The purposes of the Global Minimum Tax are: Collect taxes; Terminate the race to the bottom in corporate tax rates among countries to attract investment; Prevent transfer pricing by multinational corporations.

Expenses with norms when calculating corporate income tax || AS Auditing - As you know: "Corporate income tax" is an important tax in the tax system of countries. Corporate income tax is not only important in terms of acting as a large revenue generator for the state budget, but also an effective tool for the state to regulate the macro economy.

Deferred corporate income tax - Deferred corporate income tax can be understood as the amount of corporate income tax incurred in this period but deferred to the following periods,

Determining deductible expenses when calculating corporate income tax is especially important, because it helps to reduce tax payable, limit the risk of tax arrears and penalties, and this is also a criterion for assessing the applicability of tax and accounting laws of accountants. The phrases “deductible expenses” or “reasonable and valid expense” used in corporate income tax calculation have the same meaning. The above phrases are very commonly used in the accounting profession.

Residents and non-residents -at the very first step, it is necessary to determine whether the individual is a "resident or non-resident".