What is an expansion project? What are tax incentives for expansion projects xem bóng đá trực tiếp nhà cái Vietnam?

Regarding this matter, LawNet would like to answer as follows:

1. What is an expansion project?

According to Clause 5, Article 3 of thetrực tiếp bóng đá hôm, the terms of expansion investment projects are explained as follows:

- Expansion project means an investment project on development of a running project by expanding the scale, improving the capacity, applying new technologies, reducing pollution or improving the environment.

- Thus, an expansion investment project is an investment project on development of a running project by expanding the scale, improving the capacity, applying new technologies, reducing pollution or improving the environment

2. Tax incentives for expansion projects xem bóng đá trực tiếp nhà cái Vietnam

According to Article 18 ofCircular No. 78/2014/TT-BTCguiding the implementation ofDecree No. 218/2013/ND-CPon conditions for application of CIT incentives xem bóng đá trực tiếp nhà cái Vietnam:

- CIT incentives are applicable only to enterprises which observe accounting, invoice and document regulations and register and pay CIT as declared.

- While enjoying CIT incentives, enterprises that carry out different production and business activities shall separately account income from production and business activities eligible for CIT incentives (including preferential tax rates or tax exemption or reduction) from income from those ineligible for CIT incentives for separate tax declaration and payment.

According to Clause 6, Article 1 ofDecree No. 91/2014/ND-CPas follows:

The incomes from performing new investment projects prescribed xem bóng đá trực tiếp nhà cái Clause 3, Article 15 ofDecree No. 91/2014/ND-CPand income of the business from performing new investment projects xem bóng đá trực tiếp nhà cái industrial parks (except for industrial parks located xem bóng đá trực tiếp nhà cái socially and economically advantaged areas) shall be eligible for tax exemption for 2 years and 50% tax reduction for the next 4 years.

According to Clause 6, Article 18 ofCircular No. 78/2014/TT-BTCamended by Clause 4, Article 10 ofCircular No. 96/2015/TT-BTC, conditions for applying corporate income tax incentives are as follows:

If any of the three following conditions is satisfied, the enterprise having a expansion project xem bóng đá trực tiếp nhà cái a favored field or favored area that is given CIT incentives underDecree No. 218/2013/ND-CP(including economic zones, hi-tech zones, industrial parks other than those located xem bóng đá trực tiếp nhà cái urban districts of special-grade cities, centrally run grade-I cities and grade-I provincial cities)

- The increase xem bóng đá trực tiếp nhà cái cost of fixed assets when the project is finished and put into operation is at least

+ VND 20 billion if the expansion project is of a field eligible for CIT incentives according toDecree No. 218/2013/ND-CP

+ VND 10 billion if the expansion project is located xem bóng đá trực tiếp nhà cái a disadvantaged area or extremely disadvantaged area according toDecree No. 218/2013/ND-CP.

- The ratio of increase xem bóng đá trực tiếp nhà cái cost of fixed assets is at least 20% of total cost of fixed assets before investment.

- The designed capacity after expansion increases by at least 20% compared to the designed capacity mentioned xem bóng đá trực tiếp nhà cái the technical and economic feasibility study done before initial investment.

If the enterprise chooses incentives applied to expansion investment, the increase xem bóng đá trực tiếp nhà cái income from expansion investment must be accounted for separately. If the enterprise is not able to separate the increase xem bóng đá trực tiếp nhà cái income from expansion investment, the income from expansion investment shall be determined according to the ratio of cost of new fixed assets to total cost of fixed assets of the enterprise.

The duration of tax exemption or reduction mentioned xem bóng đá trực tiếp nhà cái this Clause begins from the year xem bóng đá trực tiếp nhà cái which the expansion project is finished, is put into operation, and generates incomes. If taxable income is not earned within the first 03 years from the first year xem bóng đá trực tiếp nhà cái which the expansion project generate revenues, the duration of tax exemption or reduction will begin from the fourth year xem bóng đá trực tiếp nhà cái which revenue is generated by the project of investment.

xem bóng đá trực tiếp nhà cái an operating enterprise invests xem bóng đá trực tiếp nhà cái upgrade, replacement, innovation of technology of an operating project xem bóng đá trực tiếp nhà cái a field or area given tax incentives according toDecree No. 218/2013/ND-CPwithout satisfying any of the criteria mentioned above, tax incentives shall apply to the project for the remaining period (if any).

May decide whether to:

- Apply CIT incentives to their operating project for the remaining period (including preferential rates, exemption, and reduction, if any)

- Apply tax exemption or reduction to the increase xem bóng đá trực tiếp nhà cái incomes from expansion investment (no preferential tax rates) for a period of time equal to the tax exemption or reduction period applied to new investment projects xem bóng đá trực tiếp nhà cái the same favored area or favored field that is given CIT incentives.

If the enterprise chooses to apply CIT incentives to their operating project for the remaining period, the expansion project must be xem bóng đá trực tiếp nhà cái the field or area given CIT incentives under Decree No. 218/2013/ND-CP and xem bóng đá trực tiếp nhà cái the same field or area with the operating project.

Best regards!

Key word: expansion projects | xem bóng đá trực tiếp nhà cái Vietnam | tax | Vietnam |

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