On August 20th, 2021, Bac Ninh Tax Department issued Official Letter No. 2660/CTBNI-TTHT, whereby:
In case the company was established from an investment project in an Industrial Park, and has been granted an investment certificate for the first time by the Management Board of Industrial Parks in 2019. The company is enjoying CIT incentives because it has met the requirement for regional incentives. In 2020, the company changed the investment certificate to add more business lines, and other contents on the investment certificate remained unchanged.
If the addition of these business lines is not an expansion in investment activity (does not meet the conditions specified in Clause 4 Article 10 Circular No. 96/2015/TT-BTC dated June 22nd, 2015, issued by the Ministry of Finance), the income from supplemented business lines of the company is not eligible for CIT incentives, and the company must make tax declaration and payment at the common tax rate.
