Vietnam: Can public investment projects that are carried out for 2 consecutive terms of midterm public investment plans exceed xem bóng đá trực tiếp trên youtube 20% of total capital from January 1, 2025?

Vietnam: Can public investment projects that are carried out for 2 consecutive terms of midterm public investment plans exceed xem bóng đá trực tiếp trên youtube 20% of total capital from January 1, 2025?

Pursuant to Article 93 of xem bóng đá trực tiếp trên youtubeLaw on Public Investment 2024(effective from January 1, 2025) stipulating xem bóng đá trực tiếp trên youtube rights and responsibilities of agencies, organizations, and individuals related to xem bóng đá trực tiếp trên youtube decision on investment policy as follows:

Rights and responsibilities of agencies, organizations, individuals related to xem bóng đá trực tiếp trên youtube decision on investment policy

...

2. In cases where programs or projects are implemented over two consecutive medium-term public investment plan periods, in addition to xem bóng đá trực tiếp trên youtube provisions in clause 1 of this Article, agencies, organizations, individuals, and heads of organizations deciding on xem bóng đá trực tiếp trên youtube investment policy of programs, projects have xem bóng đá trực tiếp trên youtube following responsibilities:

a) Decide on xem bóng đá trực tiếp trên youtube investment policy of programs, projects ensuring that xem bóng đá trực tiếp trên youtube total value of xem bóng đá trực tiếp trên youtube investment level of xem bóng đá trực tiếp trên youtube programs and projects to be implemented in xem bóng đá trực tiếp trên youtube subsequent medium-term public investment plan period does not exceed 20% of xem bóng đá trực tiếp trên youtube total public investment capital in xem bóng đá trực tiếp trên youtube previous medium-term period according to each source of central and local budget, except for national target programs, national important projects, projects using ODA capital, foreign concessional loans, and projects using capital from lawful revenue of state agencies, public service providers for investment;

...

3. In cases where programs or projects are implemented over two consecutive medium-term public investment plan periods as prescribed in point a, point d clause 2 of this Article exceed xem bóng đá trực tiếp trên youtube 20% of total capital, xem bóng đá trực tiếp trên youtube competent authority deciding on xem bóng đá trực tiếp trên youtube investment policy of xem bóng đá trực tiếp trên youtube program, project shall report to xem bóng đá trực tiếp trên youtube Prime Minister of xem bóng đá trực tiếp trên youtube Government of Vietnam for central budget capital, and report to xem bóng đá trực tiếp trên youtube People's Council at all levels for local budget capital managed by their level for approval but must not exceed 50% corresponding to xem bóng đá trực tiếp trên youtube regulations at point a, point d clause 2 of this Article.

Thus, in cases where programs or public investment projects that are carried out for 2 consecutive terms of midterm public investment plans exceed xem bóng đá trực tiếp trên youtube 20% of total capital, xem bóng đá trực tiếp trên youtube competent authority deciding on xem bóng đá trực tiếp trên youtube investment policy of xem bóng đá trực tiếp trên youtube program, project shall report to xem bóng đá trực tiếp trên youtube Prime Minister of xem bóng đá trực tiếp trên youtube Government of Vietnam for central budget capital, and report to xem bóng đá trực tiếp trên youtube People's Council at all levels for local budget capital managed by their level for approval, but must not exceed 50%.

This is also a new point of xem bóng đá trực tiếp trên youtube Law on Public Investment 2024 compared to xem bóng đá trực tiếp trên youtube Law on Public Investment 2019, which only allowed programs or public investment projects that are carried out for 2 consecutive terms of midterm public investment plans not to exceed xem bóng đá trực tiếp trên youtube 20% of total capital.

What criteria must expansion investment projects meet for enterprises to enjoy CIT incentives in Vietnam?

Based on point a clause 6 Article 18 ofCircular 78/2014/TT-BTCsupplemented by clause 5 Article 10 ofCircular 96/2015/TT-BTC, Article 5 ofCircular 130/2016/TT-BTCand amended by clause 4 Article 10 ofCircular 96/2015/TT-BTCstipulates that for enterprises to enjoy CIT incentives, expansion investment projects must meet xem bóng đá trực tiếp trên youtube following criteria:

- xem bóng đá trực tiếp trên youtube additional original cost of fixed assets upon project completion going into operation must reach a minimum of 20 billion VND for expansion investment projects in fields enjoying Corporate Income Tax incentives as stipulated inNghị định 218/2013/NĐ-CPor from 10 billion VND for expansion investment projects implemented in areas with difficult or extremely difficult socio-economic conditions as prescribed byNghị định 218/2013/NĐ-CP.

- xem bóng đá trực tiếp trên youtube proportion of xem bóng đá trực tiếp trên youtube additional original cost of fixed assets must be at least 20% compared to xem bóng đá trực tiếp trên youtube total original cost of fixed assets prior to investment.

- xem bóng đá trực tiếp trên youtube design capacity upon expansion investment must increase by at least 20% compared to xem bóng đá trực tiếp trên youtube design capacity according to xem bóng đá trực tiếp trên youtube economic-technical feasibility study before initial investment.

What are xem bóng đá trực tiếp trên youtube conditions for applying Corporate Income Tax incentives for enterprises in Vietnam?

Based on clause 1 Article 18 ofCircular 78/2014/TT-BTCstipulating xem bóng đá trực tiếp trên youtube conditions for applying Corporate Income Tax incentives as follows:

Conditions for applying Corporate Income Tax incentives

1. Corporate Income Tax incentives only apply to enterprises that implement accounting policies, invoices, vouchers, and pay Corporate Income Tax by declaration.

...

Thus, for enterprises to be eligible to apply for Corporate Income Tax incentives, xem bóng đá trực tiếp trên youtube first condition is that xem bóng đá trực tiếp trên youtube enterprise must implement accounting policies, invoices, vouchers, and pay Corporate Income Tax by declaration.