Corporate income tax (CIT) incentives when adding business sectors.

The General Department of Taxation notes that if a company's investment project does not meet the conditions for phased investment as prescribed, it will not be eligible for corporate income tax (CIT) incentives applicable to phased investment projects.

In the case where the company has an investment project aimed at expanding production scale, increasing capacity, or upgrading production technology, it shall follow the incentives for expansion investment projects.

However, if during its operation, the company adds business sectors or commercial activities without increasing capital or conducting expansion investment activities to increase assets, the income from these additional sectors or activities will not be eligible for CIT incentives.

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