On May 25, 2026, the Tay Ninh Provincial Tax Department issued Official Letter No. 5094/TNI-QLDN2 regarding the determination of corporate income tax exemption levels.
According to the explanation from Tay Ninh Provincial Tax Department, if a company implements a new investment project in a commune listed as having difficult socio-economic conditions, and if it meets the conditions for new investment projects as stipulated in point a, clause 8, Article 23 of Decree 320/2025/ND-CP and does not fall under the exclusion cases stipulated in point b, clause 8, Article 23 of this Decree, then the income from the project is entitled to corporate income tax incentives as follows:
• The corporate income tax rate is 17% for a period of 10 years. The preferential tax rate is applied continuously from the first year the Company generates revenue from the new investment project eligible for tax incentives as stipulated in Clause 4, Article 19 of Decree 320/2025/ND-CP.
• Exempt from tax for 2 years and a 50% reduction in tax payable for the following 4 years, as stipulated in Clause 2, Article 20 of Decree 320/2025/ND-CP. The tax exemption and reduction period is calculated from the first year the Company has taxable income from the new investment project eligible for tax incentives. If the Company does not have taxable income in the first 3 years from the first year of revenue from the new investment project, the tax exemption and reduction period is calculated from the 4th year the project generates revenue, as stipulated in Clause 4, Article 20 of Decree 320/2025/ND-CP.
