No CIT incentives for businesses transformed from household businesses

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Taxation | 4:20 PM Print This Post

Privately owned businesses that are established from the transformation of household businesses will not be allowed to enjoy corporate income tax incentives in accordance with the preferential policy on newly established businesses if they still maintain their business fields and old headquarters.
[Official Letter 2972 TCT/PCCS dated August 29, 2005]


Category: Legal

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