25 August 2021
The General Department of Taxation issued Official Letter No. 2920/TCT-CS dated 03 August 2021 to guide on tax incentives policies for expanded investment projects. The main content is as follows:
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For an enterprise with an expansion investment project to obtain corporate income tax incentives, the expanded investment project must meet the criteria prescribed by laws on investment. The criteria are capital, business investment activities, investment location, investment time.
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In case an enterprise has an expansion to investment project with its initial investment capital without increasing its investment capital, it is not defined as an expansion to the investment project.
For further information, please contact:
Minh Ngo Nhat, Managing Partner, BLawyers
minh.ngo@blawyersvn.com
