Tax incentives on Corporate Income Tax (CIT) are applicable in local area for term deposits interests.

On April 22^nd ,2020, Hanoi Tax Department issued Official Letter No. 26128/CT-TTHT. Whereby:

In case the Company is receiving incentives on CIT for have met all conditions for preferential locality, the income eligible for CIT incentives is the entire income generated from production and business activities in the incentivized area (including on term deposits interests in the incentivized area), excluding the specified income in Clause 1, Article 10 of Circular No. 96/2015/TT-BT on June 22^nd ,2015 issued by the Ministry of Finance.