Application from Pepsico for preferential enterprise income tax.
Suntory Pepsico Vietnam has petitioned for preferential Enterprise income tax multiple times. Illustrated photo: Internet |
Previously, Pepsico has repeatedly pushed for preferential enterprise income tax treatment for the company’s project in Can Tho.
In Feburary 2015, the Ministry of Planning and Investment, in response to a Pepsico application, stated the only organisation that can apply for this enterprise income tax treatment must be a legal entity, not investment projects.
Therefore, to exercise enterprise income tax for the company project in Can Tho (under the form of the company branch) Paragraph 4 of Article 36 of Decree 24/2007/ND-CP will be applied be regulation. Specificly, the business will be exempted from the enterprise income tax for 3 years and reduce by 50% the amount of tax that needs to pay for the next 5 years.. Nevertheless, Suntory Pepsico Vietnam was not satisfied with this decision, which led to dialogue between the authorities of HCM city with many other foregin invested companies in the last 3 months and Suntory Pepsico Vietnam has yet to put its proposals.
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