This Decree details and guides the implementation of Articles 52, 53,54,58 and 63 of the Law on Science and Technology regarding investment in, and financial mechanism applicable to, scientific and technological activities, some necessary contents on state budget estimation and expenditures on scientific and technological activities, and state management of science and technology development funds.
According to Article 9 of this Decree, a state enterprise shall annually deduct between 3% and 10% of the income liable to enterprise income tax to set up its science and technology development fund.
Particularly, a non-state enterprise may make deductions for setting up its science and technology development fund at an appropriate level not exceeding 10% of the income liable to enterprise income tax.
This Decree takes effect from December 01, 2014 and annuls Decision No. 117/2005/QD-TTg dated May 27, 2005.
|Published||Vietlaw's Newsletter No. 200|