Official Letter No. 5264/CTLAN-TTHT dated November 21, 2024, issued by the Long An Provincial Tax Department, regarding tax incentives for Corporate Income Tax (CIT) and VAT refunds for investment projects:
In cases where a company has a new investment project in the investment phase, with accumulated input Value-Added Tax (VAT) from goods and services incurred during this phase amounting to VND 300 million or more, and meets the conditions specified in Clause 3, Article 1 of Decree No. 49/2022/ND-CP dated July 29, 2022, issued by the Government, the company is eligible for a VAT refund for the investment project. The company is required to prepare separate VAT declarations for each investment project in accordance with Point d, Clause 2, Article 7 of Decree No. 126/2020/ND-CP dated October 19, 2020, issued by the Government. The declarations must follow Form 02/Value-Added Tax, as outlined in Appendix II attached to Circular No. 80/2021/TT-BTC dated September 29, 2021, issued by the Minister of Finance.
