On March 25, 2024, the General Department of Taxation issued Official Dispatch No. 1176/TCT-CS regarding corporate income tax (CIT) policy.
Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, by the Ministry of Finance, amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC dated June 18, 2014, by the Ministry of Finance, guiding corporate income tax, states, “When starting production and business activities, businesses that have not yet generated revenue but have incurred regular expenses to maintain their production and business activities (not being investment expenditures for the construction of fixed assets) and these expenses meet the conditions as prescribed, then these expenses are counted as deductible expenses when determining taxable income.”
Pursuant to the above regulations, any change in investment capital by an enterprise must comply with the provisions of law on investment.
