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blue-check Current preferential policies applicable to projects in the environment field

Official letter No. 12338/BTC-CST dated October 28th, 2021 of the Ministry of Finance regarding guidelines on application of regulations of law
Posted: 3/11/2021 7:38:44 AM | Latest updated: 15/11/2021 4:07:57 PM (GMT+7) | LuatVietnam: 5333 | Vietlaw: 535
VietlawOnline

According to the Ministry of Finance, current law is applying the highest incentive to projects in the field of environmental protection (treatment of wastewater, garbage, production of renewable energy; clean energy, etc.). To be specific:

- Entitlement to 10% duty for 15 years, tax exemption for 4 years, a 50% reduction of payable tax amounts for 09 subsequent years (Article 13, Article 14 of the Law on Enterprise income tax No .14/2008/QH12 );

- Exemption from, reduction in levy on use of non-agricultural land (Article 9, Article 10 of the Law on levy on use of non-agricultural land No. 48/2010/QH12 );

- Exemption from duties on goods imported to form fixed assets; exemption from import duties on supplies, components that cannot be produced domestically, etc. (clauses 11, 13 Article 16 of the Law on Import and Export Duties No. 107/2016/QH13 );

- Incentives for land rents (Decree No. 46/2014/ND-CPstatus2 , Decree No. 135/2016/ND-CPstatus2 Decree No. 123/2017/ND-CPstatus2 );

- Borrowing preferential loans from banks (Decree No. 32/2017/ND-CPstatus2 );

- Entitlement to the policies on price and freight subsidies with regard to environmentally-friendly products (Article 141 of the Law on Environmental protection No. 55/2014/QH13).

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 535

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