According to this document, more enterprises will be entitled to CIT incentives when the following conditions are met:
- Having (new and expanded) investment projects for manufacturing of products on the list of supporting products prioritized for development, implemented before January 1, 2015.
- Satisfying the conditions imposed on projects for manufacturing of supporting products according to the 2014 Law on amendments to tax laws.
- Obtaining certificates of fulfillment of conditions for supporting product manufacturing incentives.
The Government previously promulgated the Decree No. 12/2015/ND-CP amending the Decree No. 218/2013/ND-CP but did not provide the transitional clause governing supporting product manufacturing projects licensed and operated before January 1, 2015.
Hence, the Decree No. 57/2021/ND-CP provides a legal basis to ensure application of tax-related investment incentives to supporting product manufacturing projects operated before January 1, 2015 is lawful.
Decree No. 57/2021/ND-CP is entering into force as of June 4, 2021.
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