13 July 2021
The Tax Department of Binh Duong province issued an Official Letter No. 10599/CTBDU-THTT dated 22 June 2021 to guide on the CIT incentives for investment projects. The contents are as follows:
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In case an enterprise has a new investment project, an expansion investment project according to the provisions of the law on investment, which is located in an area or field eligible for CIT incentives, if it meets the statutory criteria and if the revenue is not limited to the application of CIT incentives, the new investment projects or expansion investment projects will benefit the CIT incentives.
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Enterprises shall base on their actual production and business situation and compare them with the provisions of law to determine the conditions and levels of tax incentives that they benefit from.
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