On 03 June 2024, the General Department of Taxation issued Official Letter No. 2327/TCT-CS guiding the determination of CIT incentives for investment projects, as follows:
In case an enterprise has an investment project and is granted an investment registration certificate but this investment project inherits the assets, business locations, business lines, and uses old machinery and equipment of the project in operation to continue production and business activities, this project is not determined to be a new investment project according to the provisions of the law on taxes.
