Official letter No. 27051/CTHN-TTHT dated July 13th, 2021 of the Department of Taxation of Ha Noi city regarding policy on EIT incentives applicable to projects of new investment in industrial parks

With regard to a project invested in an industrial park, if the project meets the conditions on project of new investment according to clause 18 Article 1 of Decree No. 12/2015/ND-CP and the industrial park does not belong to a locality with socio-economic advantage conditions, the project shall be eligible for EIT incentives according to clause 6 Article 1 of Decree No. 91/2014/ND-CP . To be specific: it is entitled to tax exemption for 2 years and a 50% reduction of payable tax amounts for 4 subsequent years.

Tax exemption, reduction duration for a project of new investment shall be determined according to clause 4 Article 16 of Decree No. 218/2013/ND-CP .

However, EIT incentives shall not be applied to the incomes mentioned at clause 2 Article 19 of Decree No. 218/2013/ND-CP and clause 17 Article 1 of Decree No. 12/2015/ND-CP .