Official letter guiding the application of corporate income tax incentives for new investment projects in industrial zones

The tax exemption for 2 years and a 50% reduction in the tax payable for the next 4 years are applied. The document also specifies the relevant legal bases and guides businesses in determining the conditions, tax rates, and periods for tax exemptions and reductions. If the company does not have taxable income for three years starting from the first year of revenue, the period for applying tax incentives will begin from the fourth year the company generates revenue, as stipulated in Clause 3, Clause 4, Article 20 of Circular 78/2014/TT-BTC (as amended and supplemented in Article 6 of Circular 151/2014/TT-BTC and Article 12 of Circular 96/2015/TT-BTC).

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