On May 5, 2023, Hanoi Tax Department issued Official Letter No. 30387/CTHN-TTHT, according to which:
In case the Company meets the legal regulations on criteria and regulations on the size of socialization establishments in the field of Education and Training and meets the conditions of new investment projects, it is entitled to tax incentives CIT is as follows:
- Tax rate: 10% tax rate will be applied during the operation period as prescribed in Clause 3, Article 11 of Circular No. 78/2014/TT-BTC of the Ministry of Finance.
- Tax exemption and reduction period: Tax exemption for 4 years, reduction of 50% of the payable tax for the next 5 years specified in Clause 2, Article 20 of Circular No. 78/2014/TT-BTC of the Ministry of Finance.
In the period enjoying corporate income tax incentives, if an enterprise engages in multiple production and business activities, the enterprise must separately calculate the income from production and business activities that are eligible for corporate income tax incentives (including preferential tax rates, tax exemptions, and tax reductions) and the income from non-incentivized business activities for the purpose of tax declaration and payment.
