On May 2, 2024, the General Department of Taxation issued Official Letter No. 1794/TCT-CS in response to the issues concerning the policy of corporate income tax (CIT) incentives.
Based on Clause 2, Article 5 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance amending and supplementing Clause 9, Article 7 of Circular No. 78/2014/TT-BTC and Clause 2, Article 10 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance amending and supplementing Clause 4, Article 18 of Circular No. 78/2014/TT-BTC, the exchange rate difference arising in the period directly related to the revenue and cost of the main business activities of the enterprise is calculated into the cost or income of the main business activities of the enterprise. In case the enterprise has an investment project enjoying CIT incentives due to meeting the conditions on the field of investment incentives, the income from the field of investment incentives and the income such as exchange rate difference directly related to the revenue and cost of the field of incentives are also enjoyed CIT incentives.
