Uni 07-01-2013 – Guiding on CIT incentive for investment capital increase.Issue date: 12/1/2013 | 2:01:16 PM Official letter 13706/CT-TT&HT issued on 17 december 2012 by binh duong tax department guiding on cit incentive for investment capital increase
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For the year 2012, company raise capital to increase working capital for raw material purchase then the additional income due to capital raise to increase working capital for business lines that are CIT incentivized will be subjected to CIT incentives during the remaining period if meeting CIT incentive requirement.
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If the company raise capital for business lines that are not CIT incentivized (investments to build new production lines, expansion, technological innovation, improve the ecological environment, improve production capacity from 2009 onwards), the investment income from capital increasenot be entitled to CIT incentives.
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