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blue-check Incomes derived outside favoured area shall not be entitled to EIT incentives

Official letter No. 3489/TCT-CS dated September 14th, 2021 of the General Department of Taxation regarding enterprise income tax (EIT) incentives
Posted: 11/11/2021 9:15:27 AM | Latest updated: 15/11/2021 4:09:18 PM (GMT+7) | LuatVietnam: 5334 | Vietlaw: 535
VietlawOnline

According to clause 2 Article 10 of Circular No. 96/2015/TT-BTCstatus2 , in case a company is entitled to EIT incentives (tax exemption, reduction) according to conditions on favoured area, incomes entitled to the incentives only include incomes gendered within the favoured area. Incomes generated outside the favoured area shall not be eligible for the EIT incentives.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 535

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Tax of Corporation Income

blue-check Regarding EIT on undivided incomes used for re-investment
blue-check Regarding EIT incentives for expansion investment
blue-check Regarding EIT incentives given to projects of producing supporting industry products
blue-check Issue relating to projects eligible for EIT incentives
blue-check Regarding tax incentives given to investment projects formed from the transformation of enterprises
blue-check [Megred] - Law on Corporate Income Tax
blue-check List of Vietnam's 1,000 biggest EIT payers in 2021
blue-check How to determine the first year entitled to tax incentives of science and technology enterprises
blue-check Incomes eligible for EIT exemption, reduction upon investing in favored fields
blue-check Regarding EIT incentives in case of changing location of project execution
blue-check Regarding choice of EIT incentives with regard to agricultural processing enterprises
blue-check EIT must not be allocated to branches that are enjoying incentives
blue-check Incomes derived outside favoured area shall not be entitled to EIT incentives
blue-check Some issues relating to declaration for deduction of EIT already paid outside Vietnam under an Agreement
blue-check Regarding EIT on undistributed incomes of an establishment engaging in socialization
blue-check Regarding EIT incentives upon moving location of executing project
blue-check “Other incomes” in 2020 shall be also entitled to a 30% reduction in EIT
blue-check Conditions for EIT exemption, reduction for science and technology enterprises
blue-check 2020’s calendar months which belong to 2019 fiscal year shall not be entitled to a 30% reduction in EIT
blue-check 2020’s tax period according to fiscal year other than the Gregorian calendar is still entitled to tax reduction