Guide investment incentives

This Circular guides the implementation of the preferential enterprise income tax (EIT), import duties, taxes, non-agricultural land use for those entitled to investment incentives as stipulated.

For the implementation of the preferential enterprise income tax, the circular stated that new investment projects meet the conditions of the field CIT incentives stipulated by the CIT Law No. 14/2008 / QH12, Law on Amendments and supplementing some articles of the Law on Corporate Income tax No. 32/2013 / QH13, Law on amending and supplementing some articles of the Law on tax number 71/2014 / QH13 (called the CIT Law) or in geographical preferences investment regulations, enjoy preferential corporate income tax at the rate applicable to the respective sectors or geographical areas stipulated by the Law on Corporate Income tax.

New investment projects in areas as economic zones, hi-tech parks (including information technology area focus was established by decision of the Prime Minister) shall be entitled to apply for the tax at new investment projects in economic zones, high-tech zones under the CIT law.

New investment projects in industrial zones (except industrial park located in the conditional - favorable socioeconomic prescribed) that do not belong to the above-mentioned investment projects are entitled to tax incentives at the rate applicable for new investment projects in industrial parks under the CIT law.

In case of new investment projects and meet many preferential conditions shall be selected CIT CIT incentives and enjoyed the most profitable.

Guidelines on preferential import tax

For investment projects in the branches special investment incentives provided for or done in areas with economic conditions - particularly difficult social regulations applicable import tax incentives as follows: Free import duties on goods imported to form fixed assets as prescribed; Raw materials, supplies and components which can not be imported to manufacture production of investment projects (except for projects for the manufacture and assembly of automobiles, motorcycles, air conditioners, electric heaters, refrigerators, washer, electric fan, dishwasher, DVD, stereo, electric irons, kettles, hair dryers, drying hands and other items as decided by the Prime Minister) are exempt from tax imported within a period of 05 years from the date of commencement of production.

Investment projects are imported tax incentives to invest in hotels, offices, apartments, houses, commercial centers, technical services, supermarkets, golf courses, resorts, destinations can sports, amusement parks, clinics, medical treatment, education, culture, finance, banking, insurance, audit and consulting services to be exempt from import duties for goods for the first time the page equipment imports by categories defined in Annex II of Decree No. 87/2010 / ND-CP to form fixed assets of the project.

Tax incentives on non-agricultural land use, the circular stated that the investment project in the branches special investment incentives provided for or invest in areas with economic conditions - particularly difficult social exempt non-agricultural land use as stipulated in Clause 1, Article 9 of the Law on land use tax nonagricultural.

Investment projects with capital of 6,000 billion or more, the minimum disburse VND6,000 billion within 03 years from the date of issuance of the certificate of registration of the investment or from the date of the policy decision investment: to enjoy preferential tax non-agricultural land use for areas with economic conditions - especially social difficulties.

Investment projects in rural areas use 500 or more employees (excluding employees working part-time and contract workers labor under 12 months): To enjoy preferential tax land use fees agriculture for investment projects in geographical areas with difficult socio - economic difficulties ...

This Circular takes effect from the date of 01/8/2016.