Title: Circular 212/2015/TT-BTC providing guidelines for the Corporate Income Tax Policies for the environmental protection activities regulated at Decree 19/2015/ND-CP detailing the implementation of a number of articles of the Law on Environmental Protection

Type: Circular

Issuing Agency: Ministry of Finance

Responsible Agency: Ministry of Finance

Issuing Date: 31-12-2015

 

Expenditures on product advertising and waste classification at source

1. The actual expenditure on product advertising from the environmental protection activities, collection and treatment of discarded products; the expenditure on production and publishing of various kinds of scientific reportages, films, and TV programs on environmental protection and the expenditure on provision of complimentary tools for people to classify daily-life wastes and discarded products at source as stipulated at Clause 1 Article 48 of the Decree No. 19/2015/ND-CP shall be deductible upon determination of taxable income if the following conditions are satisfied:

- The expenditures have adequate lawful invoices and documents as required by law.

- There is documentary evidence of non-cash payment for every purchase of goods of service with an invoice for VND 20 million or over (inclusive of VAT), except for cases without non-cash payment documents as stipulated at the Government’s Decree No. 218/2013/ND-CP dated 26 December 2013 and its instructional documents.

2. The expenditure on product advertising from the environmental protection activities, collection and treatment of discarded products stipulated at Item 1 of this Article include:

a) The expenditure on for organizing scientific seminars on the methods of production, features and uses of products from the environmental protection activities, of collection and treatment of discarded products.

b) The expenditure on market research: investigation, survey, interview, collection, analysis and evaluation of information concerning products from the environmental protection activities, collection and treatment of discarded products.

c) The expenditure on market research, development and support.

d) The expenditure for hiring consultants to conduct market research, development and support.

đ) The expenditure on product exhibition and introduction and organization of commercial fairs and exhibitions: expenditure on opening product showrooms or show-cases; expenditure on hiring space to exhibit and introduce products; expenditure on materials and tools used in product exhibition and introduction; and expenditure on transport of exhibited or introduced products.

3. Scientific reportages, films, and TV programs on environmental protection stipulated at Clause 1 of this Article include:

a) Scientific reportages, films, and TV programs for disseminating knowledge and improving public awareness about environmental protection and sustainable consumption of eco-friendly products award Vietnam Green Labels by Ministry of Natural Resources and Environment.

b) Scientific reportages, films, and TV programs for disseminating knowledge of classification of daily-life wastes and discarded products at source .

4. Provision of complimentary tools for people stipulated at Clause 1 of this Article include: waste baskets and bags; baskets and bags for storing discarded products; boots, gloves and other single-purpose tools for classifying daily-life wastes and discarded products at source.

In case the enterprise provides complimentary tools for people for classifying daily-life waste and discarded products at source as stipulated at this Clause together with leaflets explaining how to classify organic and inorganic solid wastes by the above-mentioned tools, the expenditure on production of the said leaflets is deductible upon determination of taxable income.

Each enterprise providing complimentary tools for people as stipulated at this Clause shall make a detailed list stating the full names and addresses of persons provided with such tools; quantity and value of each kind of tools; signatures of these persons; and signature of the legal representative or an authorized person of the enterprise.

The legal representative or an authorized person of the enterprise shall subscribe his/her signature to the list of provided complimentary tools and assume responsibility before law for the accuracy and truthfulness of the said list.

For further details, Please see a reference translation at   http://www.gdt.gov.vn/wps/portal/!ut/p/z1/tZJLU8IwFIX_ii667OSmCbRdth2kFAQZxkKzcdI0lGgfPCKKv94gbhEdxuzu5OQ7J3cOYmiBWMP3quRatQ2vzJyx7lM0HUbpMAXwJncYBr0HL47dMaYJoBQxxESj13qFsrLQN6JttGy0BbIpK7VbWVC0YnfYaVlbUMmSVxYItRWvFd9a4ADumtkDSYSf28R3uE3dAmxedDx7SQvs5LkUlOOjz1qoAmW_Us8vBWfmGs6cAMx79iWJ-kFM3ZEh0D7AgIaTcRxNDYt8C35gZCaDezZD6KD5Xsk39Ni029rsevbHL8YXHfCVDic8UH8w8tLZhAA2K_CdeJi4HQLQuRKfIFZWbX6qmXrebFhgunTsz7tGi38t07quPXKwX5b3PUKzZP8Rjm2WBbefsfx4TQ!!/dz/d5/L2dBISEvZ0FBIS9nQSEh/

 

Download Vietnamese: Circular 212/2015/TT-BTC providing guidelines for the Corporate Income Tax Policies for the environmental protection activities regulated at Decree 19/2015/ND-CP detailing the implementation of a number of articles of the Law on Environmental Protection