Preferential policies and investment support

Monday - 25/06/2018 21:26
1. Import and export tax incentives: To be exempted from export tax and import tax as stipulated in Decree No. 87/2010/ND-CP dated August 13th, 2010 on the implementation of some articles of Law on Export Tax and Import Tax;
2. Incentives on land, water surface rental rates:
- Industry zones:
+ Exemption of land rent during capital construction (Not exceeding 3 years from the issuance date of the decision on land rent);
+ Exemption of land rent for 7 years after the land rental exemption period during capital construction period.
+ Exemption of land rent for 7 years after the land rental exemption period during capital construction period for projects on the list of investment incentive sectors.
+ Land rental rate: equal to 0.85% of annual land rental rates issued by the Provincial People's Committee.
- Lao Bao Special Economic - Commercial Area:
+ Exemption of land rent, water surface rent for investment projects on the list of particularly encouraged sectors.
+ Exemption of land rent during capital construction period (Not exceeding 3 years from the issuance date of the decision on land rent).
+ Exemption of land rent for 11 years after the land rental exemption period of the capital construction period.
+ Exemption of land rent for 15 years after the land rental exemption period of the time of capital construction for projects on the list of investment incentive sectors.
+ Land rental rate: equal to 0.75% of annual land rental rate issued by the Provincial People's Committee and the rate is reduced by 70%.
- South-East Economic Area:
+ Exemption of land rent during project construction period (Not exceeding 3 years from the issuance date of the decision on land rent).
+ Exemption of land rent for projects on the list of particular investment incentive sectors.
+ Exemption of land rent for 15 years for projects on the list of investment incentive sectors.
+ Exemption of land rent for 11 years for the remaining investment projects.
+ Land rental rate: equal to 0.75% of annual land rental rate issued by the Provincial People's Committee.
3. Annual land rent:
- Land in Dong Ha City: equal to 1.2% of land rates issued by the Provincial People's Committee (up to 3% as regulated by the Government).
- Land in Quang Tri Town: equal to 1.1% of the land rates issued by the Provincial People's Committee (up to 3% as regulated by the Government).
- Land in areas with difficult socio-economic conditions and land used as ground for business of projects on the list of investment incentive sectors: 0.85%.
- Land in areas with particularly difficult socio-economic conditions and land used as ground for business of projects on the list of special investment incentive sectors: 0.75%;
4. Enterprise income tax incentives:
- Southern Dong Ha Industrial Park: Tax exemption for 2 years and 50% reduction of tax on income from new investment projects in the next 4 years.
- Quan Ngang and North-west Ho Xa Industrial Park: Preferential tax rate of 20% applied for 10 years. Tax exemption for 2 years and 50% reduction of tax on income from new investment projects in the next 4 years.
- Lao Bao Special Economic-Commercial Area, South-east Economic Zone: Preferential tax rate of 10% applied for 15 years. Tax exemption for 4 years and 50% reduction of tax on income from new investment projects in the next 9 years.
- Investment projects outside industrial parks and economic zones: Tax exemption for 2-4 years after the taxable income is generated; 50% reduction in the next 4 to 9 years and tax rate of 10-20% in the next 10 to 15 years depending on the field and the investment area.
Personal income tax
- Lao Bao Special Economic-Commercial Area: Vietnamese and foreigners who directly work, produce and trade in border gate economic zones and earn income from employment, production and business in border gate economic zones and are liable to personal income tax under the provisions of the Law on Personal Income Tax shall enjoy a 50% reduction of the payable tax amounts.
- South-east Economic Zone: 50% reduction of income tax on income earners who is liable to personal income tax, including Vietnamese and foreigners working in the Economic Zone.
6. Vocational training support policy
One-time training allowance of 500,000 - 1,000,000 dong/person depending on the type of vocational training.
7. Site clearance support
Investors are assisted with compensation and site clearance procedures to implement the project. Site clearance expenses will be paid in advance by the investor and will be supported by the provincial People's Committee in the form of deduction from annual land rent of the project.

Total notes of this article: 0 in 0 rating

Click on stars to rate this article

  Reader Comments

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