Preferential tax policies granted for construction businesses

18-Feb-2005 Intellasia | 16/Feb/2005 Phap Luat Thanh Pho Ho Chi Minh page 2 | 5:21 PM Print This Post

Under Official Letter 349/TCT/PCCS dated January 25, 2005 by the general Department of Taxation (GDT), construction activity is also defined as material production activity.
Therefore, any construction businesses are also entitled to the same preferential tax policies under the Law on Corporate Income Tax (CIT) and the Law on Domestic Investment Encouragement as other businesses that are permitted to operate in other sectors.
[Letter 349/TCT/PCCS dated January 25, 2005]

 


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