OFFICIAL LETTER 1521/CT-TTHT DATED 20 JULY 2015 OF BAC NINH TAXATION DEPARTMENT IN GUIDANCE OF CIT INCENTIVE DUE TO EXPANSION INVESTMENT
According to official letter 1521/CT-TTHT:
In case, in 2015, the company invested to add fixed assets from 20%, the income from the added fixed assets is entitled to CIT incentive, reduction as newly-invested project in industrial park. In detail, exempted CIT for 2 years , reduced 50% of CIT amount payable of this project for 4 next years.
The company must monitor, recognize the added income to determine the exempted, reduced amounts. In case, the added income is not separated, this income determined by ratio between cost of added fixed assets to cost of total fixed assets of the company.
