Official Letter No. 682/TCT-CS dated 18/02/2025 of the General Department of Taxation on the application of the preferential time for CIT exemption and reduction is as follows:

by KMC Consulting Company Limited

The period of CIT exemption or reduction shall be calculated continuously from the first year in which the enterprise has taxable income from the new investment project to enjoy tax incentives, in case there is no taxable income in the first three years, from the first year of revenue from the new investment project, the tax exemption period, The tax reduction is calculated from the fourth year.

In case in the first tax period, a new investment project of an enterprise is eligible for tax exemption or reduction for less than 12 months, the enterprise may choose one of the following two options:

  • Apply tax exemption or reduction right in that tax period.   
  • Register with the tax authority to start tax exemption or reduction from the next tax period.

In case an enterprise registers the tax incentive period in the next tax period, it must determine the payable tax amount of the first tax period for remittance into the State budget as prescribed.

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