25 August 2021
The General Department of Taxation issued Official Letter No. 2754/TCT-CS dated 27 July 2021 to guide on the guarantee for business investment upon changes of laws. The main contents are as follows:
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When a new law provides more favorable investment incentives, investors are entitled to obtain the new incentives for the remaining period of the incentive enjoyment of the project (except for special investment incentives for the investment projects as regulated by law).
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When a new law that provides less favorable investment incentives than those previously applied to the investor, investors shall keep obtaining the previous incentives for the remaining period of the incentive obtainment of the project.
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