Depending on the investment project, corporate income tax incentives can be up to 9% and the corporate income tax exemption period is up to 37 years…
Standing Deputy Prime Minister Pham Binh Minh signed and promulgated Decision No. 29/2021/QD-TTg of the Prime Minister on special investment incentives.
The special investment incentives and supports specified in this Decision comply with the provisions of Clause 6, Article 20 of Decree No. 31/2021/ND-CP and the principles such as special investment incentives are applied to new investment projects and expansion investment projects.
In which, the preferential tax rate of 9% for a period of 30 years applies to incomes of economic organizations from the implementation of investment projects that fall into the categories specified at Point b, Clause 2, Article 20 of the Law on Investment.
The preferential tax rate of 7% for a period of 33 years applies to income from investment projects under newly established investment projects (including the expansion of such newly established projects) of innovation centers which sellte the research and development center with total investment capital of 3,000 billion VND or more, disbursed at least 1,000 billion VND within 3 years from the date of issuance of investment registration certificate or decision. approved investment policy.
Preferential tax rate of 5% for a period of 37 years applies to income from the activities of subjects or investment projects under the National Innovation Center established under the decision of the Prime Minister and the Prime Minister. an investment project that falls under the subjects specified at Point b, Clause 2, Article 20 of the Law on Investment and meets one of the following four criterias.
- Being a level 2 high-tech project;
- Vietnamese enterprises participating in the chain of level 2;
- Adding value accounts for more than 40% of the total cost of final output products provided by economic organizations;
- Meeting the criteria for technology transfer level 2.
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