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blue-check Regarding tax incentives given to investment projects formed from the transformation of enterprises

Official letter No. 755/TCT-CS dated March 17th, 2023 of the General Department of Taxation regarding enterprise income tax (EIT) policy
Posted: 31/3/2023 1:44:51 PM | Latest updated: 6/4/2023 4:41:43 PM (GMT+7) | LuatVietnam: 5670 | Vietlaw: 606
VietlawOnline

According to point c clause 5 Article 18 of Circular No. 78/2014/TT-BTCstatus2 , investment projects that are formed from the transformation, ownership conversion, splitting, separation, merger or consolidation of enterprises are not entitled to invectives in the form of projects of new investment.

However, the projects may continue enjoying EIT incentives of the initial investment projects (before the transformation, conversion, splitting, separation, merger or consolidation) for the remaining duration if they still satisfy the conditions for EIT incentives.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 606

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