On April 13th, 2025, the Government issued Decree No. 88/2025/ND-CP detailing and guiding several articles of Resolution No. 193/2025/QH15 dated February 19th, 2025 of the National Assembly regarding the pilot several special mechanisms and policies to create breakthroughs in science, technology, innovation, and national digital transformation. Accordingly, the Decree provides detailed regulations on deductible expenses when determining taxable income for personal income tax, including:
– Sponsorships in cash or in kind for organizations or individuals to conduct scientific research, technological development, and innovation according to the regulations.
– Expenditures for scientific research, technological development, and innovation in enterprises if there are sufficient invoices and documents according to the regulations, including:
+ All expenses incurred for conducting scientific research and technological development activities;
+ All expenses incurred for innovation activities;
+ Expenses for outsourcing scientific research, technology development, and innovation;
This Decree takes effect from April 13th, 2025, however, the above-mentioned regulation takes effect from February 19th, 2025.
