Official letter No. 1784/TCT-CS dated May 28th, 2021 of the General Department of Taxation regarding enterprise income tax (EIT) policy applicable to the case of moving business and production location

According to Clause 8 Article 18 of Circular No. 78/2014/TT-BTC , during the period enjoying tax incentives, if an enterprise no longer meets conditions for the incentives, from such tax period, it shall not be further eligible for tax incentives.

Accordingly, in case an enterprise is eligible for incentives thanks to executing a project in an industrial park but then it moves the location of executing the project to another industrial cluster, from the year the enterprise moves the project to another location it shall not be further eligible for tax incentives.