This circular guides the exemption and reduction of corporate income tax for construction establishments, which are entitled to incentives similar to those provided for manufacturing enterprises under the Corporate Income Tax Law and the Foreign Investment Encouragement Law.
适用范围
Construction establishments
要点
- Construction establishments are eligible for tax benefits as stipulated by the Corporate Income Tax Law and the Foreign Investment Encouragement Law.
- Construction activities are considered material production activities.
🌐 本文件的社会影响
- Construction establishments will be relieved of some tax burdens, enhancing their competitiveness and development potential.
- The state budget may be affected due to reduced income from taxes.
❓ 常见问题
Are construction establishments eligible for tax exemptions or reductions?
Yes, construction establishments are entitled to tax incentives as provided by the Corporate Income Tax Law and the Foreign Investment Encouragement Law.
To which industry group does construction activity belong?
Construction activities are considered material production activities.
全文
LETTER
OF THE MINISTRY OF FINANCE NUMBER 2911 TC/TCT DATED JULY 19, 2000
REGARDING EXEMPTION AND REDUCTION OF ENTERPRISE INCOME TAX
RESPECTED: - Ministries, ministerial-level agencies, and government agencies
- People's Committees of provinces and centrally-run cities.
To implement uniformly the subjects eligible for tax incentives under the Law on Enterprise Income Tax and the Law on Domestic Investment Incentives, the Ministry of Finance provides additional guidance as follows:
BASED ON THE PRINCIPLES OF NATIONAL ECONOMIC SECTORS ACCOMPANIED BY DECISION NUMBER 143 TCTK/PPCĐ DATED DECEMBER 22, 1993 ISSUED BY THE DIRECTOR OF THE GENERAL STATISTICS OFFICE REGARDING THE ISSUE OF THE SYSTEM OF NATIONAL ECONOMIC SECTORS; BASED ON THE PRODUCTION PROCESSES AND REGULATIONS ON BUSINESS ACCOUNTING SYSTEMS, COST MANAGEMENT, AND ACTUAL CONSTRUCTION PRODUCT PRICES, THEN CONSTRUCTION ACTIVITIES ARE MATERIAL PRODUCTION ACTIVITIES. THEREFORE, CONSTRUCTION ENTITIES ARE ELIGIBLE FOR TAX INCENTIVES AS MANUFACTURING ENTERPRISES ACCORDING TO THE LAW ON ENTERPRISE INCOME TAX AND THE LAW ON FOREIGN INVESTMENT INCENTIVES.
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