Official Letter No. 581/CTBDU-TTHT regarding corporate income tax (CIT) policy

In the case where an investment project has completed the investment phase and has commenced operations, if during the course of operations the company adds machinery and equipment to serve its production and business activities, the income generated from the additional machinery and equipment shall be determined as follows:

• If the machinery and equipment are supplemented by the company after the investment project has commenced operations, and such supplementation is not considered regular investment activities as prescribed or does not meet the conditions for expansion investment, the income generated from the additional machinery and equipment shall not be eligible for corporate income tax (CIT) incentives.

In the event that, within the same tax period, a certain income is eligible for preferential corporate income tax (CIT) rates and tax exemption or reduction periods under multiple different conditions, the company may choose the most beneficial CIT incentive to apply.

For more detailed information about this or related CIT services, please don't hesitate to contact us.
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