- Ministry of Industry and Information Technology and three other departments issued a notice on the list of advanced manufacturing enterprises enjoying VAT additional deduction policy
- List will be determined by industrial and information technology authorities, science and technology, finance, and taxation departments at the provincial and municipal level
- Enterprises included in the 2024 list must have high-tech qualifications, with manufacturing sales accounting for more than 50% of total sales in 2023
- Policy includes details on enterprise declaration and time limit for enjoying the policy
Source: lexiscn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
