Vietnam: Tax obligations for enterprises creating and using science and technology development fund
Guidance on corporate income tax obligations for enterprises that create and use a science and technology development fund
Guidance on corporate income tax obligations for enterprises
The Ministry of Finance (on 7 November 2022) issued Circular 67 providing detailed guidance on corporate income tax obligations for enterprises that create and use a science and technology development fund.
Highlights of the newly issued Circular 67 include the following:
- Regulations on creating a science and technology development fund
- Corporate income tax claw-back for non-qualified utilization of the transferred science and technology development fund
- Management of fixed assets purchased through the use of science and technology development fund
Circular 67 takes effect from 23 December 2022 and applies from the tax year 2022 onwards.
Read a December 2022 report [PDF 55 KB] prepared by the KPMG member firm in Vietnam
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