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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/NDCP 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


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