Vietnam’s Circular 156: Guiding the he terminal declaration of CIT dossier

According to current regulations, terminal declarations of CIT shall be made annually and when a decision on division, split, amalgamation, merger, conversion, dissolution, or shutdown of the company is made.

Circular No. 156/2013/TT-BTC of the Ministry of Finance of Vietnam guiding the terminal declaration dossier as follows:

- A terminal declaration of CIT (form 03/TNDN enclosed herewith).

- An annual financial statement or a financial statement up to the time a decision on division, split, amalgamation, merger, conversion, dissolution, or shutdown of the company is made.

- Appendix(es) enclosed with the tax declaration (on a case-by-case basis):

+ Business performance (form 03-1A/TNDN, 03-1B/TNDN, 03-1C/TNDN).

+ Loss transfer (form 03-2/TNDN).

+ Appendixes about CIT incentives:

• Form 03-3A/TNDN: CIT incentives for new businesses that are established from a project of investment, for businesses that are moved, and for new projects of investment.

• Form 03-3B/TNDN: CIT incentives for businesses that invest in new production line, expansion, technological innovation, environmental improvement, or productivity growth.

• 03-3C/TNDN: CIT incentives for businesses that employ people from ethnic minorities, or manufacturing, construction, transport businesses that employ many female employees.

+ CIT paid overseas that is deductible (form 03-4/TNDN.)

+ CIT on real estate transfer (form 03-5/TNDN).

+ …

View more details at Circular No. 156/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from December 20, 2013.

Thu Ba

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