On January 27, 2022, the Bac Ninh Provincial Tax Office issued a public notice 199/CTBNI-TTHT, thereby:
In case the company incurs expenses for trial production of products, this expense if completely satisfies the provisions of Clause 1, Article 6 of Circular 78/2014/TT-BTC on June 18, 2014, of the Ministry of Finance, (modified and supplemented in Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015, of the Ministry of Finance), the company is allowed to record in deductible expenses when calculating CIT.
The company must have adequate records and documents on the process of trial production of products (from plans or decisions on trial production of new products; purchase of raw materials, putting into production, warehousing of trial-produced products; trial production and evaluation of trial-produced products, retrieval (sale, liquidation) of trial-produced products; dossiers and documents of the forced destruction of unqualified trial-produced products and raw materials trial production which are not suitable, cannot be reused, cannot be sold and must take responsibility before the law for the accuracy and truthfulness of these documents. The company is responsible for exporting to tax authorities or state management agencies when they request.
