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blue-check Regarding EIT incentives for projects of new investment in industrial parks

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
Posted: 21/7/2021 7:24:54 AM | Latest updated: 26/7/2021 1:32:16 PM (GMT+7) | LuatVietnam: 5256 | Vietlaw: 525
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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-CPstatus2 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-CPstatus2 . 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-CPstatus2 .

However, EIT incentives shall not be applied to the incomes mentioned at clause 2 Article 19 of Decree No. 218/2013/ND-CPstatus2 and clause 17 Article 1 of Decree No. 12/2015/ND-CPstatus2 .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 525
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