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The General Department of Taxation requires Tax Departments to propagate and disseminate information to taxpayers in their localities to hastily implement Decree No. 57/2021/ND-CP of the Government to remove difficulties for taxpayers in the current period.
Recently, the General Department of Taxation issued Official Dispatch No. 6/CD-TCT on the implementation of Decree No. 57/2021/ND-CP of the Government, supplementing Point g, Clause 2, Article 20 of Decree No. 218/2013/ND-CP (amended and supplemented in Decree No. 12/2015/ND-CP) on corporate tax incentives for supporting industrial products’ production projects.
According to Dispatch No. 6/CD-TCT dated June 11, 2021, of the General Department of Taxation, on June 4, 2021, the Government issued Decree No. 57/2021/ND-CP supplementing Point g Clause 2 Article 20 Decree No. 218/2013/ND-CP (amended and supplemented in Decree No. 12/2015/ND-CP) on corporate income tax (CIT) incentives for supporting industrial products’ production projects. The Decree takes effect from the date of signing.
Regulations on the project producing supporting industrial products
Accordingly, Decree No. 57/2021/ND-CP stipulates enterprises with investment projects (new and expanded) and production of products on the list of supporting industry products that are prioritized for development before January 1, 2015.
At the same time, meeting the conditions of the supporting industrial products’ production projects as prescribed in the amendments tax Law No. 71/2014/QH13. If a competent authority has issued a certificate of incentives for the production of supporting industry products, they will be entitled to CIT incentives from the tax period when the certificate of incentives for the production of supporting industry products is granted by the competent authority.
The Decree also specifies cases entitled to CIT incentives for supporting industrial products’ production projects and how to determine the remaining incentive period for projects that have been or are benefiting from the incentives according to other preferential conditions (in addition to the preferential conditions for supporting industrial products’ production projects).
Remove difficulties for the taxpayers
In case taxpayers comply with the provisions of this Decree (including cases where the competent authority has carried out the inspection) resulting in a reduction in the amount of CIT and late payment interest (if any), the taxpayer will send a written request to the tax authority directly managing the reduction of the payable CIT amount declared or checked by the competent authority and the corresponding late payment interest (if any).
To remove barriers for taxpayers in the current period, the General Department of Taxation requires tax departments to propagate and disseminate information to taxpayers in the area to promptly implement Decree 57/2021/ND-CP.
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