Official Letter No. CV634/CT-CS issued by the Tax Department regarding investment incentives

In the case where the Company has an investment project that meets the list of areas eligible for corporate income tax (CIT) incentives as stipulated in Decree No. 218/2013/NĐ-CP, the Company shall be entitled to CIT incentives based on the actual conditions it satisfies.

If the Company leases a factory for production and business purposes but the lessor has not yet met the conditions required to lease out the factory, then according to Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance (amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC), the factory rental expenses or depreciation expenses of the fixed asset being the factory (if depreciation is applied to this asset) are not yet eligible to be included as deductible expenses when determining the Company’s taxable corporate income.

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