Recently, the Ministry of Industry and Trade has proposed to finalize the draft decree amending Decree No. 111/2015 / ND-CP of 3 November 2015, which aims to clarify previous guidelines on incentives to support certain industrial sectors. The following changes are included:
- The Draft Decree clarifies the criteria of a project to be considered as a determination of expansion investment project entitled to the incentive, which to be consistent with Corporate Income Tax Law.
- The Draft Decree expands the list of products eligible for the incentives.
- Although the list of SI products is expanded, the Draft Decree add certain preconditions for entitlement to the incentives.