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blue-check Current polices on tax incentives applicable to projects in economic zones

Official letter No. 12858/BTC-CST dated November 10th, 2021 of the Ministry of Finance regarding preferential policies on taxes, land rent, water surface rent
Posted: 11/11/2021 10:12:22 AM | Latest updated: 25/11/2021 5:48:29 AM (GMT+7) | LuatVietnam: 5341 | Vietlaw: 537
VietlawOnline

“Economic zones” belong to extremely disadvantaged areas, new investment projects in economic zones shall be entitled to tax incentive as follows:

- Entitled to the enterprise income tax (EIT) rate of 10% for 15 years, reduction of 50% of tax payable for the next 9 years (clause 1 Article 15, clause 1 Article 16 of Decree No. 218/2013/ND-CPstatus2 );

- Entitled to import duty incentives according to clause 11, clause 13 Article 16 of the Law on Import and Export Duties No. 107/2016/QH13;

- Entitled to incentives for tax on use of non-agricultural land according to Article 9 of the Law on use of non-agricultural land No. 48/2010/QH12;

- Entitled to incentives for land rent, water surface rent according to Article 8 of Decree No. 35/2017/NĐ-CP ;

With regard to policies supporting enterprises amid Covid-19, the National Assembly, the Government, etc. promulgated many policies on tax exemption, tax reduction, extension of deadlines for payment of tax, land rent, etc. since 2020.The details are provided in Resolution No. 406/NQ- UBTVQH15, Decree No. 92/2021/ND-CP, Decision No. 27/2021/QD-TTg .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 537
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