Vietnam to extend economic zone tax concessions to 30 years
Vietnam Investment Ministry reported on December 7, the Vietnamese Ministry of Planning and Investment is 29/2008 / N-CP agreed to amend the draft for advice, agreed to amend the draft of the most important point is to extend the economic zone Tax preferential treatment for investment projects.
In this case,
Vietnam Planning and Investment Ministry of Economic Zone Management Division said that the current economic zone investment enterprises to enjoy the tax policy is that the business income tax rate is 10%, the number of years is 15 years, and the implementation of the four-free policy of nine by half. In order to improve the attractiveness of the economic zone, to ensure that investment administrative procedures fast, will reduce the ex ante review, strengthen the ex post inspection. Agreed to amend the draft will enjoy the business income tax rate of 10% of the number of years from the current 15 years to 30 years.
In this case,
The preferential treatment is for projects invested in specially-favored industry sectors: investment of over 600 billion rupiah (about US $ 264 million), with funds not exceeding three years, or employing more than 3,000 workers; investment of 120 billion rupiah Investment in economic and technological infrastructure projects (water, electricity, etc.) in order to enjoy the above benefits.