CIT Incentives for New Investment Projects: Investment Project Implementation Report Requirements under Decree 320/2025/ND-CP
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Based on:Nghị định 320/2025/NĐ-CP (Điều 23, khoản 8, điểm a) - Ministry of Finance
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The Phu Tho Tax Department provides guidance on conditions for CIT incentives for new investment projects under Article 23 of Decree 320/2025/ND-CP. Under the new rules, for projects not required to obtain an Investment Registration Certificate or investment policy approval, enterprises must submit an Investment Project Implementation Report to the investment registration authority to confirm new investment project status. For enterprises that had been applying CIT incentives as new investment projects before Decree 320/2025/ND-CP took effect - when no such report was required - the tax authority advises them to contact the State Treasury and investment registration authority directly to obtain specific guidance and submit supplementary documents. Enterprises should note that claiming CIT incentives as a new investment project now requires clearer written evidence, including an Investment Project Implementation Report submitted to the competent authority.
CIT Incentives Guidance - New Investment Projects
Issuing authority: Phu Tho Provincial Tax Department Legal basis: Article 23(8)(a) of Decree 320/2025/ND-CP
Current Regulations (Decree 320/2025/ND-CP)
For new investment projects claiming CIT incentives under Articles 19 and 20:
- With Investment Registration Certificate or investment policy approval: based on that document
- Not required to obtain a Certificate: must be based on an Investment Project Implementation Report submitted to the investment registration authority under investment law
Scenario 1: Enterprise was already applying incentives before Decree 320/2025/ND-CP took effect
- Previous guidance did not require this report
- Tax authority (Phu Tho Tax) advises: contact the State Treasury and investment registration authority directly to submit supplementary documents and receive specific guidance
Scenario 2: Investment project report not submitted on time or not yet submitted
- Contact the competent investment registration authority for guidance on procedures and forms
- Tax authorities do not directly guide on the content of this report
Practical Summary
- From Decree 320/2025/ND-CP: Investment Project Implementation Report is mandatory to confirm new investment project status
- Existing projects claiming incentives: should review and submit supplementary documents if needed