Corporate income tax incentives for projects producing supporting industry productsập doanh nghiệp đối với dự án sản xuất sản phẩm công nghiệp hỗ trợ

According to Decree No. 57/2021/ND-CP adds point g, Clause 2, Article 20 of Decree No. 218/2013/ND-CP, the enterprises which have projects to produce supporting industrial products on the list of products in supporting industries prioritized for development and implemented before January 1, 2015, may enjoy tax incentives.

In case the above project has not or has been fully enjoyed or is receiving CIT incentives, enterprises will continue to enjoy CIT incentives under the condition that the project produces supporting industrial products for the remaining time.

The tax exemption & reduction period according to the supporting industry product production project does not include the tax exemption or reduction period which already enjoyed incentives under other preferential conditions.

The taxpayer can make a written request to the tax authority directly managing the reduction of the payable CIT amount declared or inspected by the competent authority and the corresponding late payment interest. (If any).

Decree No. 57/2021/ND-CP takes effect from the date of signing and promulgation June 4, 2021.

According to http://www.gdt.gov.vn/wps.

Documentary Editorial Board, DBRC, Dong Du International Accounting & Legal Consulting Group Vietnam

#setting up company in Vietnam#accounting #tax #legalconsulting #coaching#humanresources