From January 1, 2025, are People's Committees at all levels authorized to decide on bóng đá hôm nay trực tiếp investment policy of Group B projects in Vietnam?
From January 1, 2025, are People's Committees at all levels authorized to decide on bóng đá hôm nay trực tiếp investment policy of Group B projects in Vietnam?
Pursuant to Article 18 of bóng đá hôm nay trực tiếpPublic Investment Law 20244(effective from January 1, 2025) which stipulates bóng đá hôm nay trực tiếp authority to decide on investment policies for programs and projects as follows:
Authority to decide on investment policies for programs and projects
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- bóng đá hôm nay trực tiếp provincial-level People's Committee decides on bóng đá hôm nay trực tiếp investment policy for bóng đá hôm nay trực tiếp following projects:
a) Group B and C projects using local budget funds, including additional funds aimed from bóng đá hôm nay trực tiếp superior budget, legal sources of bóng đá hôm nay trực tiếp locality under its management;
b) Group B and C projects implemented in an area with two or more provincial-level administrative units under bóng đá hôm nay trực tiếp chairmanship of bóng đá hôm nay trực tiếp provincial-level People's Committee as determined by bóng đá hôm nay trực tiếp Prime Minister of Vietnam;
c) Group B and C projects using ODA and preferential foreign loans.
- bóng đá hôm nay trực tiếp district-level People's Committee decides on bóng đá hôm nay trực tiếp investment policy for bóng đá hôm nay trực tiếp following projects:
a) Group B and C projects using local budget funds, including additional funds aimed from bóng đá hôm nay trực tiếp superior budget, legal sources of bóng đá hôm nay trực tiếp locality under its management;
b) Group B and C projects implemented in an area with two or more district-level administrative units as assigned by bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp provincial-level People's Committee as bóng đá hôm nay trực tiếp chairing agency; Group B and C projects implemented in an area with two or more communal-level administrative units;
c) Projects mentioned in clause 9 of this Article as proposed by bóng đá hôm nay trực tiếp commune-level People's Committee.
- bóng đá hôm nay trực tiếp commune-level People's Committee decides on bóng đá hôm nay trực tiếp investment policy for Group B and C projects using local budget funds, including additional funds aimed from bóng đá hôm nay trực tiếp superior budget, legal sources of bóng đá hôm nay trực tiếp locality under its management. In case of insufficient professional capacity in management and project implementation, bóng đá hôm nay trực tiếp commune-level People's Committee reports to bóng đá hôm nay trực tiếp district-level People's Committee to decide on bóng đá hôm nay trực tiếp investment policy for Group B and C projects under its management.
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Thus, as soon as bóng đá hôm nay trực tiếp Public Investment Law 2024 comes into effect on January 1, 2025, People's Committees at all levels will have bóng đá hôm nay trực tiếp authority to decide on bóng đá hôm nay trực tiếp investment policy of Group B projects.
This is a new point of bóng đá hôm nay trực tiếp Public Investment Law 2024 compared to bóng đá hôm nay trực tiếp Public Investment Law 2019, as it decentralizes bóng đá hôm nay trực tiếp authority to decide on bóng đá hôm nay trực tiếp investment policy of Group B projects under local management to People's Committees at all levels, transferring authority from bóng đá hôm nay trực tiếp People's Councils at all levels to bóng đá hôm nay trực tiếp People's Committees at all levels.
From January 1, 2025, are People's Committees at all levels authorized to decide on bóng đá hôm nay trực tiếp investment policy of Group B projects in Vietnam?(Image from bóng đá hôm nay trực tiếp Internet)
What are bóng đá hôm nay trực tiếp cases in which a new investment project is not eligible for corporate income tax incentives as a new investment in Vietnam?
Based on point b of clause 5, Article 18 ofCircular 78/2014/TT-BTCsupplemented by clause 5, Article 10 ofCircular 96/2015/TT-BTCand amended by clause 3, Article 10 ofCircular 96/2015/TT-BTCwhich stipulates that enterprises are eligible for corporate income tax incentives when they have new investment projects as follows:
- New investment projects formed from bóng đá hôm nay trực tiếp split, division, merger, consolidation, or conversion of enterprise form according to bóng đá hôm nay trực tiếp law;
- New investment projects formed from bóng đá hôm nay trực tiếp change of ownership (including cases of implementing new investment projects while still inheriting bóng đá hôm nay trực tiếp assets, business location, and business sectors of bóng đá hôm nay trực tiếp old enterprise to continue production and business activities; acquisition of operational investment projects).
Enterprises established or having investment projects from bóng đá hôm nay trực tiếp conversion of enterprise type, change of ownership, split, division, merger, or consolidation can inherit corporate income tax incentives of bóng đá hôm nay trực tiếp enterprise or investment project prior to bóng đá hôm nay trực tiếp conversion, split, division, merger, or consolidation for bóng đá hôm nay trực tiếp remaining period if they continue to meet bóng đá hôm nay trực tiếp conditions for corporate income tax incentives.
What are procedures forimplementing corporate income tax incentives for enterprises with new investment projects in Vietnam?
Based on Article 22 ofCircular 78/2014/TT-BTCwhich stipulates bóng đá hôm nay trực tiếp procedures for implementing corporate income tax incentives for enterprises with new investment projects as follows:
(1)Enterprises self-determine bóng đá hôm nay trực tiếp conditions for tax incentives, preferential tax rates, period of tax exemption, tax reduction, and losses deducted (-) from taxable income to self-declare and self-finalize taxes with bóng đá hôm nay trực tiếp tax authority.
(2)bóng đá hôm nay trực tiếp tax authority, when inspecting and auditing enterprises, must check bóng đá hôm nay trực tiếp conditions for tax incentives, bóng đá hôm nay trực tiếp amount of corporate income tax exempted, reduced, and losses deducted from taxable income based on bóng đá hôm nay trực tiếp actual conditions met by bóng đá hôm nay trực tiếp enterprise. If bóng đá hôm nay trực tiếp enterprise does not meet bóng đá hôm nay trực tiếp conditions to apply preferential tax rates and bóng đá hôm nay trực tiếp period of tax exemption, tax reduction, bóng đá hôm nay trực tiếp tax authority shall handle tax recovery and apply administrative fines for tax violations according to bóng đá hôm nay trực tiếp regulations.
