According to clause 2 Article 11 of Decree No. 126/2020/ND-CP, with regard to a branch located in a province other than the province where the head office is located is enjoying EIT incentives, it is required to separately declare and pay tax at the tax authority managing the branch and the company must not distribute tax according to cost ratio to the tax authority at this locality.
The EIT payable of the branch during the period enjoying incentives shall be determined on the basis of the income generated at the locality where the branch locates.
At the end of the tax year, the company has to make EIT accounting with the tax authority managing the head office according to applicable regulations.
EIT must not be allocated to branches that are enjoying incentives
CV3897-11102021TCT[VLO].pdf
