Hi DMS Lawyers in Vietnam, We are about establishing a Company in Vietnam. Can you tell us briefly information about enterprise income tax incentives in Vietnam. Thanks,
The words of regulations is very lengthy. Therefore, DMS Lawyers in Vietnam provides briefly information about enterprise income tax incentive in Vietnam as follows:
1. The preferential tax rate of 10% for fifteen (15) years is applicable to:
a/ Incomes of enterprises from the implementation of new investment projects in geographical areas with particularly difficult socio-economic conditions specified Decree No 218/2013/ND-CP, economic zone, hi-tech zone.
b/ Incomes of enterprises from the implementation of new investment projects in the fields of scientific research and technological development; application of high technologies on the list of high technologies prioritized for development investment in accordance with the Law on High Technologies; nursery of high technologies and hi-tech enterprises, etc …
Projects to develop water plant, electricity plant, drainages, airport, seaport, etc …
c/ Incomes of enterprises from the implementation of new investment projects in the field of environmental protection, covering manufacture of equipment for treating environmental pollution …
d/ Hi-tech enterprises and agricultural enterprises applying high technologies defined in the Law on High Technologies;
dd/ Incomes of enterprises from the implementation of new investment projects in the fields of production (except projects producing goods items liable to excise tax and mineral mining projects) which satisfy either of the stipulated conditions
2. The preferential tax rate of 10% is applicable throughout the operation duration to:
a/ Incomes of enterprises from socialized education and training, job training, health care, culture, sports and environmental protection activities (referred to as socialized fields) as specified in the list approved by the Prime Minister;
b/ Incomes of publishing houses from publication activities in accordance with the Law on Publication;
c/ Incomes of press agencies from printed newspapers (including advertisements on printed newspapers) in accordance with the Law on Publication;
d/ Incomes of enterprises from the implementation of projects on investment and trading in social houses for sale or lease to or hire-purchase by the subjects specified in Article 53 of the Housing Law;
e/ Incomes of enterprises from the forest planting, tending and protection; agricultural cultivation, planting of forest trees and aquaculture in geographical areas with difficult socio-economic conditions …
f/ Incomes of cooperatives engaged in agriculture, forestry, fisheries or salt production and not located in geographical areas with difficult or particularly difficult socio-economic conditions.
Article 19 Circular No 78/2014/TT-BTC dated June 18, 2014
Amended by Article 11 Circular No 96/2015/TT-BTC dated June 22, 2015.
Enterprise income tax in Vietnam
|DMS Law firm in Vietnam|
Lawyer Do Minh Son
DMS Lawyers in Vietnam advise on value added tax (VAT) for foreign companies in Vietnam
Law office in Vietnam advises about value added tax (VAT) for foreign companies in Vietnam