Corporate Income Tax Incentives

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On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies.

Based on the amended Law No. 32/2013/QH13, which supplements certain provisions of the Corporate Income Tax Law No. 14/2008/QH12, and Decree No. 91/2014/NĐ-CP dated October 1, 2014, issued by the Government, which amends and supplements certain provisions related to taxes, as well as Circular No. 96/2015/TT-BTC dated June 22, 2015, issued by the Ministry of Finance, which amends and supplements Circular No. 78/2014/TT-BTC:

-Projects that do not meet the investment phasing conditions shall not be entitled to corporate income tax incentives as stipulated in Article 7, Paragraph 1 of Decree No. 91/2014/NĐ-CP and Article 10, Paragraph 3 of Circular No. 96/2015/TT-BTC.

-Regarding corporate income tax incentives for investment projects aimed at expanding production scale, increasing capacity, and adopting new production technologies (expansion investments), such incentives shall be granted in accordance with Article 8, Paragraph 1 of Law No. 32/2013/QH13.

-If, during the course of operations, a company adds commercial business activities without increasing capital or undertaking expansion investments to increase assets, the income derived from such additional business activities shall not qualify for corporate income tax incentives.



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