The General Department of Taxation responded with Official Letter No. 1658/TCT-CS dated April 22, 2024, regarding ensuring investment incentives.
Related to investment support solutions to ensure the maintenance of Foreign Direct Investment (FDI) attraction in the context of implementing Resolution No. 107/2023/QH15 dated November 29, 2023, of the National Assembly on the application of corporate income tax supplements according to the regulations on preventing base erosion and profit shifting globally, the proposal is to apply according to Clause 5 of Resolution No. 110/2023/QH15 of the 6th session.
The Government is studying new investment support policies to replace tax incentives that are no longer effective in practice, to provide reassurance to investors about the investment environment in Vietnam and attract large, strategic investors, while also supporting domestic enterprises. Specifically, a decree on the establishment, management, and use of the Investment Support Fund is being drafted by the Ministry of Planning and Investment. The decree is being consulted by relevant ministries, sectors, and localities and is being posted on the Government's electronic information portal for widespread feedback from agencies, organizations, and individuals.