On 04 November 2024, the Tax Department of Hai Duong province issued Official Letter No. 9351/CTHDU-TTHT guiding the CIT incentive policy as follows:

In case the Company has a new investment project in an industrial park (fully meets the conditions of being an industrial park in accordance with relevant laws) and meets the criteria specified in Clause 3, Article 10 of Circular No. 96/2015/ TT-BTC, incomes from new investment projects are exempt from tax for 02 years and reduce 50% of the payable tax amount for the next 04 years as prescribed in Clause 6, Article 1 of Decree No. 91/2014/ND-CP.

In case the Company’s project expires under the Initial Investment Certificate, the income of the investment project from the date of expiration of the operation duration shall not be entitled to corporate income tax incentives but must be declared and paid in accordance with the provisions of law.