Vietnam: Is corporate income tax exempted for vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions?

Vietnam: Is corporate income tax exempted for vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions?

Pursuant to Clause 8, Article 4 of the2008 Law on Corporate Income Tax, as supplemented by Clause 3, Article 1 of the2013 Amended Law on Corporate Income Tax, the law stipulates as follows:

Tax-exempt income

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8. vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions (CERs) of enterprises granted Certified Emissions Reductions.

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Additionally, the guidance in Clause 8, Article 4 ofDecree 218/2013/ND-CPregulates as follows:

Tax-exempt income

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8. vtv2 trực tiếp bóng đá hôm nay the first-time transfer of Certified Emissions Reductions (CERs) of enterprises granted Certified Emissions Reductions; subsequent transfers shall be subject to corporate income tax as prescribed.

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Thus, the vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions of enterprises granted Certified Emissions Reductions will be exempt from corporate income tax. However, this exemption only applies to vtv2 trực tiếp bóng đá hôm nay the first-time transfer of Certified Emissions Reductions (CERs) of enterprises granted Certified Emissions Reductions; subsequent transfers shall be subject to corporate income tax as prescribed.

Vietnam: Is corporate income tax exempted for vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions? (Image from internet)

What other incomes are exempt from corporate income tax besides vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions in Vietnam?

Pursuant to Article 4 of the2008 Law on Corporate Income Tax, as amended and supplemented by Clause 3, Article 1 of the2013 Amended Law on Corporate Income Taxand Clause 2, Article 1 ofLaw No. 71/2014/QH13 on Amendments to Tax Laws 2014, in addition to vtv2 trực tiếp bóng đá hôm nay the transfer of Certified Emissions Reductions, enterprises are exempt from corporate income tax for the following incomes:

- vtv2 trực tiếp bóng đá hôm nay cultivation, husbandry, aquaculture, processing of agricultural and aquatic products, and salt production by cooperatives; income of cooperatives operating in the fields of agriculture, forestry, fisheries, and salt production in areas with difficult or exceptionally difficult socio-economic conditions; income of enterprises from cultivation, husbandry, aquaculture, and processing of agricultural and aquatic products in areas with exceptionally difficult socio-economic conditions; vtv2 trực tiếp bóng đá hôm nay activities of offshore fishing.

- vtv2 trực tiếp bóng đá hôm nay providing technical services directly serving agriculture.

- vtv2 trực tiếp bóng đá hôm nay performing scientific research and technological development contracts, products during the trial production period, products made from new technologies applied for the first time in Vietnam.

- vtv2 trực tiếp bóng đá hôm nay production and business activities of goods and services of enterprises that have an average of at least 30% of their employees being disabled, rehabilitated people, or those infected with the human immunodeficiency virus (HIV/AIDS) and with an annual average of at least twenty employees, excluding enterprises operating in the field of finance and real estate business.

- vtv2 trực tiếp bóng đá hôm nay vocational training activities specifically for ethnic minority people, disabled people, children with special difficult circumstances, and social evils subjects.

- Income shared from capital contributions, joint ventures, and associations with domestic enterprises after having paid corporate income tax according to theLuật lịch trực tiếp bóng đá hôm nayế.

- Sponsorship received for use in educational, scientific research, cultural, artistic, charitable, humanitarian, and other social activities in Vietnam.

- vtv2 trực tiếp bóng đá hôm nay performing tasks assigned by the State from the Vietnam Development Bank in development investment credits, export credits; vtv2 trực tiếp bóng đá hôm nay credit activities for the poor and other policy beneficiaries of the Vietnam Bank for Social Policies; income of state financial funds and other State funds that operate not for profit as prescribed by law; income of organizations wholly owned by the Government of Vietnam established to handle bad debts of Vietnamese credit institutions.

- The undivided income of socialized establishments in the fields of education – training, healthcare, and other socialized fields retained for reinvestment according to regulations of specialized laws on education – training, healthcare, and other socialized fields; the undivided income forming assets of cooperatives established and operated according to theLuật trực tiếp bóng đá k+.

- vtv2 trực tiếp bóng đá hôm nay the transfer of technology in priority transfer fields to organizations and individuals in areas with exceptionally difficult socio-economic conditions.

What are the taxable incomes subject to corporate income tax in Vietnam?

Pursuant to Article 3 of the2008 Law on Corporate Income Tax, as amended by Clause 1, Article 1 ofLaw No. 71/2014/QH13 on Amendments to Tax Laws 2014, taxable incomes subject to corporate income tax include vtv2 trực tiếp bóng đá hôm nay production, business activities of goods and services, and other incomes. Other incomes include the following:

- vtv2 trực tiếp bóng đá hôm nay capital transfer, transfer of the right to contribute capital;

- vtv2 trực tiếp bóng đá hôm nay real estate transfer, investment project transfer, transfer of the right to participate in investment projects, and transfer of the right to explore, exploit, and process minerals;

- vtv2 trực tiếp bóng đá hôm nay the use and ownership right to assets, including vtv2 trực tiếp bóng đá hôm nay intellectual property rights as prescribed by law;

- vtv2 trực tiếp bóng đá hôm nay the transfer, lease, and liquidation of assets, including all types of valuable papers;

- vtv2 trực tiếp bóng đá hôm nay interest on deposits, loans, and foreign currency sales; recoveries from bad debts previously written off;

- Amounts from debts without identified creditors;

- vtv2 trực tiếp bóng đá hôm nay business activities of previous years that were omitted and other incomes.

- Vietnamese enterprises' vtv2 trực tiếp bóng đá hôm nay overseas investments post corporate income tax paid abroad, for which if the respective countries have signed double taxation avoidance agreements with Vietnam, those agreements' regulations are to be applied.

If such countries have not signed double taxation avoidance agreements with Vietnam and the corporate income tax rate in those countries is lower, then the differential amount needs to be paid in accordance with Vietnam's Law on Corporate Income Tax.