ENTERPRISES INVESTING IN MANUFACTURING SUPPORTING INDUSTRY PRODUCTS BEFORE 2015 SHALL BE ENTITLED TO EIT INCENTIVES
The Decree No. 57/2021/ND-CP supplementing Point g, Clause 2, Article 20 of the Decree No. 218/2013/ND-CP (amended and supplemented by the Decree No. 12/2015/ND-CP) regarding enterprise income tax (EIT) incentives for projects manufacturing supporting industry products is issued on June 04, 2021 by the Government.
Specifically, enterprises that have projects manufacturing supporting industry products before January 01, 2015 but have not yet enjoyed enterprise income tax incentives for the income generated from such projects, shall be entitled to enterprise income tax incentives under the conditions for projects manufacturing supporting industry products from the tax period during which they are granted the incentive certificate for manufacture of supporting industry products by a competent agency.
Besides, enterprises that have fully enjoyed enterprise income tax incentives for the income generated from such projects under other incentive conditions shall be entitled to enterprise income tax incentives under the conditions for projects manufacturing supporting industry products for the remaining period, from the tax period during which they are granted the incentive certificate for manufacture of supporting industry products by a competent agency.
The remaining incentive period shall be equal to the duration of enjoyment of enterprise income tax incentives under the conditions for projects manufacturing supporting industry products minus (-) the duration of tax exemption (number of years), the duration of tax reduction (number of years), the duration of enjoyment of tax rate incentives (number of years) that the enterprise has already enjoyed under the other incentive conditions.
This Decree takes effect from the signing date.
