Official letter No. 8442/CTHN-TTHT dated March 1st, 2023 of the Department of taxation of Ha Noi city regarding duration of enterprise income tax (EIT) exemption, reduction

In case a company that has a project of new investment in the field of software production meets the regulatory conditions, it shall be entitled to EIT incentives with the tax rate of 10% within 15 years (according to the regulations at point b clause 1 Article 11 of Circular No. 96/2015/TT-BTC ) and tax exemption for 4 years, 50% reduction of payable tax amounts for 9 subsequent years (according to the regulations at clause 1 Article 12 of Circular No. 96/2015/TT-BTC )

In which, the duration of tax rate incentive shall be calculated consecutively from the first year the project has revenue; the duration of tax exemption and tax reduction shall be calculated consecutively from the first year the project has taxable income.