Uni 17-10-2014 - Guidance on CIT incentive for the first time listed enterprises in the stock market during 2004-2006

According to official letter No. 14041/BTC-TCT:

• Before 2009, enterprises registered to enjoy CIT exemption, reduction for the first time listed enterprises in the stock market during 2004-2006, but do not declare to reduce 50% of CIT, enterprises are not entitled to CIT incentive from 2009 in this case.
• From 2009 is the first year, enterprises declare to reduce 50% CIT due to the first time listed in the stock market, they must declare to adjust to pay to State budget for the reduced 50%. They are not penalty for behaviors of wrong declaration, late payment.
• From 2014, if enterprises still do not declare to reduce 50% of CIT due to first time of listing in the stock market during 2004-2006, will be recollected CIT which have been declared to reduce 50% and penalty for CIT wrong declaration.