Tax policy for REC certificates

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On May 20, 2024, the General Department of Taxation issued Official Dispatch 2127/TCT-CS 2024 on tax policy.

  • About VAT

The General Department of Taxation has Official Dispatch No. 4665/TCT-CS responding to the VAT policy on the transfer of REC certificates, in cases where the enterprise transfers the REC certificate that is not on the List of goods and services stated in the Appendices I, II and III issued together with Decree No. 44/2023/ND-CP dated June 30, 2023 of the Government and this transfer is in accordance with the provisions of law, it is subject to VAT reduction according to Decree Decision No. 44/2023/ND-CP of the Government.

  • Regarding the application of 0% VAT rate

It is recommended that the Department of Taxation, based on the regulations of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance, guiding the implementation of the Law on Value Added Tax and Decree No. 209/2013/ND-CP dated December 18, 2013 of the Government on conditions for applying 0% tax rate to exported goods and records and documents on transfer of REC certificates abroad for consideration and guidance on implementation units.

  • Regarding corporate income tax:

Pursuant to the provisions of Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government regulating corporate income tax, in principle, if an enterprise has an investment project, it will enjoy corporate income tax incentives due to meeting If local preferential conditions are met, the enterprise's income from implementing investment projects in investment preferential areas will enjoy corporate income tax incentives according to local conditions.


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