Uni 13-10-2014 - Guidance on CIT incentives

According to official letter No. 12404/BTC-TCT:

• In case, enterprise are not entitled to CIT incentives but have a branch in an industrial zone ( not belonging to area having favorable socio-economic conditions ) to perform to invest for new project from 01 January 2014, in point a clause 5 article 18 of Circular 78/2014/TT-BTC, the branch is entitled to CIT incentives of newly-invested project in an industrial zone.
• In case, enterprises operating in an industrial zone are not entitled to CIT incentives under regulations of law before 2014, from 01 January 2014, extending scale, enhancing capacity, innovate technology to meet one of 3 conditions of clause 5 article 16 of Decree 218/2013/NĐ-CP and invest in preferential fields, areas, the income from the extended project is opted to enjoy CIT incentives of the project operating within the remaining time (if any) or enjoy CIT incentives under extension investment.
• In case, enterprises investing, enhancing, replacing, innovating technology of the operating project in CIT preferential fields, areas under Decree 218/2013/NĐ-CP but not meeting one of 3 conditions of clause 5 article 16 Decree 218/2013/NĐ-CP, CIT incentives will follow the operating project within the remaining time (if any)