Free Income tax (0%) when invest in Industrial Park at Long An Province, VietNam
Date: 10/22/2012 9:41:17 AM
Income tax free for 02 years and income tax rate at 50% for the following 04 years to newly established businesses in critical socio-economic condition provinces stated in the Appendix to Circular 124/2008/ND-CP issued 11/12/2008 by the Government (Point 03, Part 03, Article H of Circular 130/2008/TT- BTC, issued 26/12/2008).
- Businesses after finalizing the tax, if loss then the loss is transferrable to the Income tax of the follow- ing years. The accumulated years must not exceed 05 years from the year of loss (Point 02, Part 05, Article C of Circular 130/2008/TT-BTC, issued 26/12/2008).
- Favorable income tax rate 20% in 10 years apply to newly established businesses in critical socio-eco- nomic condition provinces stated in the Appendix to Circular 124/2008/ND-CP issued 11/12/2008 by the Government (Point 04, Part 02, Article H of Circular 130/2008/TT-BTC, issued 26/12/2008) .
- Income tax rate is 25%, exceptional cases stated at Point 02, Part 05, Article C of Circular 130/2008/ TT-BTC, issued 26/12/2008.
- Pursant to Prime Minister’s Decree No 124/2008/ND – CP dated December 11, 2008 on the implementation of business income tax law
- Pursuant to Prime Minister’s Decree No 87/2010/ND – CP dated August 13, 2010 on the implementation of exporting, importing tarifflaw
Tax types
|
Content – object
|
Preference level
|
Business income tax
|
Manufacturing enterprises & service providing enterprise
|
Newly-established enterprises
|
20% in 10 years
|
Tax rate
|
20%
|
The first 02 year
|
0%
|
The next 04 years
|
10%
|
The last 04 years
|
20%
|
Value-added tax (VAT)
|
Products and goods
|
VAT, current law
|
Export- Import tax
|
Decree No 87/2010/ND–CP of the Prime Minister dated August 13, 2010 about the implementation of exporting- importing-tax law
|
Free duty according to Decree No 87/2010/NĐ – CP dated August 13, 2010 about the implementation of exporting- importing-tax law
|
Tax on profit transferedabroad
|
Profit transfered abroad
|
0% No 186/2010
|
(Source:)