INVESTMENT INCENTIVES
Business Income Tax
- Pursuant to Art 6, Circular no. 151/2014/TT-BTC of 10/10/2014, the enterprise is “exempted from taxes for 2 years and get 50% discount of payable taxes for 4 years after that upon income from new investment project as stated in Clause 4, Art 19, Circular no. 78/2014/TT-BTC of 18/6/2014 by Ministry of Finance and the enterprise’s income from the beginning of new investment project at IP”
Receive incentives
- New investment as stated in Clause 3, Art 10, Circular no. 96/2015/TT-BTC:
+ Project issued first Investment Certificate of 01/01/2014 and accruing revenue of such project after being issued Investment Certificate
+ Domestic investment along with new enterprise establishment with investment capital less than 15 billion VND and not in the list of conditional investment category issued Business Certificate from 01/01/2014
+ Investment project independent from the operating project of the enterprise (including project with investment capital less than 15 billion VND and not in the list of conditional investment category) issued Investment Certificate from 01/01/2014 to conduct such independent project
+ Notary Public established at areas of difficulty in socioeconomic condition
- New investment project receives incentives in business income tax as stipulated must be issued Investment Certificate or Investment Permit by the competent authority or permitted to invest in accordance with law on investment
Rules on term of tax exemption and reduction
About the term of tax exemption and reduction, pursuant to Clause 2, Art 12, Circular no. 96/2015/TT-BTC: The term of tax exemption and reduction is successively counted from the first year the enterprise has taxable income earned from the new investment project of tax incentives. In case the enterprise does not have taxable income in the first 3 years, since the first year of revenue from the new investment project, the term of tax exemption and reduction is counted from the 4th year where the new investment project accrues revenue
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