Corporate income tax incentive
Tax rate: 20%
Newly established enterprises are exempted from tax for the first 02 years and have 50% reduction in tax payable for the next 04 years.
Projects in the fields of high technology, research and development, investment in developing water plants, drainage systems and software production:
- Tax rate of 10% is applied for the first 15 years.
- Tax exemption is applied for 04 years and 50% tax reduction is applied for the next 9 years.
Investment projects in the field of socialization (approved by the Prime Minister) on education, training, vocational training, healthcare, culture, sports and environment.
- Tax rate of 10% is applied during the entire project implementation period.
Export and Import tax exemption is applied for:
- Export Processing Enterprises (EPE).
- Equipment, machinery (accessories) and specialized means of transport in technological lines and construction materials that are not available domestically and must be imported.
- Projects in the investment promotion sector, as well as projects related to components, technical parts, electricity, and electronic products, are exempt from import duties on raw materials for the first five years from the start of production and business operations.
- Raw materials, accessories, and imported materials for the production of export products.
VAT exemption is applied for:
- Export Processing Enterprises (EPE).
- Special equipment, machinery and vehicles used in technological lines that are not domestically produced and must be imported.
Supports from Industrial Cluster Developer
- Procedures for applying for Investment Registration Certificate and Enterprise Registration Certificate.
- Post-investment procedures (seal and tax code registration, recruitment, etc.
- Procedures for applying for Land Use Right Certificate
- Recruitment of labour force.
- Groundbreaking and factory inauguration ceremonies organization