On March 31st, 2021, the Government issued Decree No. 44/2021/ND-CP, whereby:
Enterprises shall get deductible expenses when determining taxable CIT on support, sponsorship in cash or goods for Covid-19 epidemic prevention and control activities in Vietnam through entities receiving support and sponsorship which are specified in Clause 2, Article 2 of Decree No. 44/2021/ND-CP.
A set of dossier for the sponsorship or donation expense determination includes: A written confirmation of support or sponsorship made according to the form attached to this Decree, or documents (in paper or digital form) confirming the donations, signed and sealed by the representative of the enterprise who is the sponsor and representative of the beneficiary; enclosed with valid invoices and records in accordance with the provisions of the law on donations, sponsorships in the form of cash or goods.
This Decree takes effect from the signing date and applies for the CIT calculation period in 2020 and 2021
