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Corporate income tax treatments for a number of COVID-19 related expenses

22 December, 2020

Due to the ongoing COVID-19 outbreak, enterprises have been incurring a number of expenses for the COVID-19 prevention and control measures, including:

  • Expenses incurred for foreign experts’ quarantine;
  • Expenses incurred for foreign experts’ COVID-19 tests, examinations and treatment;
  • Allowances paid for employees severely impacted by the social distancing caused by the COVID-19 pandemic; 
  • Donations, sponsorships made for COVID-19 prevention and control activities; 
  • Depreciation set aside for fixed assets provisionally inactive due to the COVID-19 pandemic impacts.

The existing rulings are silent on the specific treatment for the aforementioned expenses. Nonetheless, PwC would like to provide you with the brief of the following Resolution and some relevant guidance as recently issued by the General Department of Taxation and local tax departments for your further reference.

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Get in touch

Nguyen Thanh Trung

Partner, Tax Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Nguyen Huong Giang

Partner, Tax Services, PwC Vietnam

Tel: +84 24 3946 2246

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