Updated at 28/06/2022 - 02:48 pm
|Date issued:||08/10/2021||Effective date:||08/10/2021|
|SOCIAL REPUBLIC OF VIETNAM|
Independence - Freedom - Happiness
v/v expenditures for support and sponsorship of businesses for Covid-19 epidemic prevention and control activities
|Hanoi, date 08 month 10 year 2021|
Dear: Tax Departments of provinces and centrally run cities.
In order to promptly support and encourage businesses to contribute to the prevention and control of the Covid-19 pandemic, the Government has issued Decree No. 44 / 2021 / ND-CP dated 31/03/2021 guiding the implementation of deductible expenses when determining corporate income taxable income for support and sponsorship expenditures of businesses and organizations for Covid-19 prevention and control activities. -44. Decree No. 2021/2020/ND-CP applies to the corporate income tax period of 2021 and XNUMX.
According to the provisions of Decree No. 44/2021/ND-CP, enterprises are included in deductible expenses when determining corporate income taxable income for expenditures to support and sponsor in cash and in kind for Covid-19 prevention and control activities in Vietnam through support and sponsorship units. Dossier to determine expenditures for support and sponsorship includes: Minutes of confirmation of support and sponsorship; accompanied by legal invoices and vouchers as prescribed by law of donations or sponsorships in cash or in kind.
In order to ensure the calculation of support and sponsorship expenditures into deductible expenses when determining the true and actual arising taxable income, strictly handle cases of abusing state policies for personal gain. The General Department of Taxation requested the Tax Department to review the support and sponsorship expenditures of enterprises and organizations for Covid-19 epidemic prevention and control activities. For the case of donations or sponsorship in kind, especially medical equipment, biological products, medical supplies, the Tax Department shall inspect and verify invoices, documents and declarations of imported goods. imports (if any) and compare and contrast with the prices of products of the same type on the market at the time of purchase. On that basis, the Department of Taxation determines cases in which the incorrect value of donations and sponsorships is declared in deductible expenses when determining taxable income in order to take appropriate tax management measures in accordance with regulations. under the law.
The General Department of Taxation shall notify the Tax Departments for implementation./.
KT. GENERAL DIRECTORY
Vu Xuan Bach