On March 15, 2024, the Bac Giang Provincial Tax Department issued Official Letter No. 1719/CTBGI-TTHT, which stipulates the following:
In the case where a company has an expansion investment project, investing in additional workshop buildings, machinery, and equipment that meet the criteria for recognition as fixed assets of the company, and the proportion of the original cost of fixed assets increases by at least 20% compared to the total original cost of fixed assets before the investment, and generates income from the implementation of the expansion investment project, while also meeting the conditions specified in Article 18 of Circular No. 78/2014/TT-BTC as amended and supplemented in Article 10 of Circular No. 96/2015/TT-BTC, the company is entitled to enjoy corporate income tax (CIT) incentives as prescribed.
In the case where a company is implementing an investment project in an investment incentive area and earns income from interest on savings deposits that arise within the territory of the investment incentive area, while also meeting the conditions specified in Article 18 of Circular No. 78/2014/TT-BTC as amended and supplemented in Article 10 of Circular No. 96/2015/TT-BTC, the company is entitled to enjoy CIT incentives based on the geographical conditions.
