Investment procedures

Special investment incentive policies:
According to Decision No. 29/2021/QD-TTg dated October 6, 2021 by the Prime Minister
I. CORPORATE INCOME TAX RATE
1. The preferential tax rate of 9% for a period of 30 years applies to income of economic organizations from implementing investment projects subject to the provisions of Point b, Clause 2, Article 20 of the Investment Law.
2. The preferential tax rate of 7% for a period of 33 years applies to income from investment projects in one of the following cases:
a) New investment projects (including the expansion of that newly project) innovation centers, research and development centers with a total investment capital of VND 3,000 billion or more, disburse a minimum of 1,000 billion VND within 03 years from the date of issuance of the Investment Registration Certificate or Decision on investment policy approval.
b) Investment projects under the provisions of Point b, Clause 2, Article 20 of the Investment Law and meet one of the following criterias:
- Being level 1 high-tech project;
- There are Vietnamese enterprises participating in the level 1 chain;
- Added value accounts for over 30% to 40% of the total cost of the final output product provided by the economic organization;
- Meeting the level 1 technology transfer criteria.
3. Preferential tax rate of 5% for a period of 37 years applies to income from activities of subjects or investment projects in one of the following cases:
a) The National Innovation Center was established by decision of the Prime Minister.
b) Investment projects under the provisions of Point b, Clause 2, Article 20 of the Investment Law and meet one of the following criterias:
- Being a level 2 high-tech project;
- There are Vietnamese enterprises participating in the level 2 chain;
- Added value accounts for over 40% of the total cost of the final output product provided by the economic organization;
- Meeting the level 2 technology transfer criteria.
II. PERIOD OF CORPORATE INCOME TAX EXEMPTION
1. Tax exemption for 5 years, 50% reduction of tax payable for the next 10 years for income of economic organizations implementing investment projects in the cases specified in Clause 1, Article 5 of this Decision.
2. Tax exemption for 6 years, 50% reduction of tax payable for the next 12 years for income of economic organizations implementing investment projects in the cases specified in Clause 2, Article 5 of this Decision.
3. Tax exemption for 6 years, 50% reduction of tax payable for the next 13 years for income from activities of subjects or economic organizations implementing investment projects in the cases specified in Clause 3, Article 5 This decision.
III. INCENTIVES FOR LAND RENTAL AND WATER SURFACE RENTAL
1. Exemption from land rent and water surface rent for 18 years and a 55% reduction in land rent and water surface rent for the remaining time for economic organizations implementing investment projects in the cases specified in Clause 1, Article 5 This decision.
2. Exemption from land rent and water surface rent for 20 years and a 65% reduction in land rent and water surface rent for the remaining time for economic organizations implementing investment projects in the investment cases specified in Clause 2 Article 5 of this Decision.
3. Exemption from land rent and water surface rent for 22 years and a 75% reduction in land rent and water surface rent for the remaining time for subjects or economic organizations implementing investment projects in the cases specified in Clause 1 of this Article. 3 Article 5 of this Decision. 

  Reader Comments

You did not use the site, Click here to remain logged. Timeout: 60 second