Official Letter No. 100/CCTKV17-QLDN1 dated March 25, 2025, issued by the Regional Tax Sub-Department XVII regarding Corporate Income Tax (CIT) incentives is as follows

In the case where the Company implements a new investment project in accordance with regulations and is not subject to the cases ineligible for incentives under new investment projects as stipulated in Clause 3, Article 10 of Circular No. 96/2015/TT-BTC, the income generated from the new investment project located in the preferential area of Duc Hoa District (excluding the types of income specified at Points a, b, c, Clause 1, Article 10 of Circular No. 96/2015/TT-BTC) shall be entitled to the following Corporate Income Tax incentives:

• The applicable CIT rate is 17% for a period of 10 years. The period of applying the preferential tax rate shall be counted continuously from the first year in which the Company has revenue from the new investment project that is eligible for tax incentives under the provisions of Clauses 4 and 6, Article 19 of Circular No. 78/2014/TT-BTC dated June 18, 2014, issued by the Ministry of Finance.
• The Company shall be exempted from tax for 2 years and entitled to a 50% reduction of payable tax for the following 4 years in accordance with Article 6 of Circular No. 151/2014/TT-BTC dated October 10, 2014, issued by the Ministry of Finance. The tax exemption and reduction period shall be calculated continuously from the first year in which the Company has taxable income from the new investment project eligible for tax incentives. In case the Company does not have taxable income within the first three years from the year in which revenue arises from the new investment project, the tax exemption and reduction period shall commence from the fourth year in which the project generates revenue, as stipulated in Clause 2, Article 12 of Circular No. 96/2015/TT-BTC dated June 22, 2015, issued by the Ministry of Finance.

If the Company continues to meet the conditions for Corporate Income Tax incentives and in the case where the investment project results from a change in the type of enterprise, it shall inherit the Corporate Income Tax incentives of the investment project prior to the conversion for the remaining incentive period.

Corporate Income Tax incentives shall only apply to enterprises that comply with accounting, invoicing, and document regulations, declare CIT based on declarations, and are responsible for self-determining the eligibility conditions, preferential tax rates, tax exemption/reduction periods, and deductible losses to declare and finalize tax with the tax authorities in accordance with Article 18 and Article 22 of Circular No. 78/2014/TT-BTC dated June 18, 2014, issued by the Ministry of Finance.

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