New corporate revenue tax applied early next month
Laws/Hà Nội - Enterprises do not have to pay tax for their incomes from providing technical services in husbandry, aqua-culture, scientific research; from production and business activities in favor of the disabled; and from activities like contributing capital, buying shares and setting joint-ventures with local enterprises.
The Decree also defines a list of fields and areas to get tax incentives, including the localities with socio-economic difficulties and disadvantages.
New enterprises established in disadvantaged areas will enjoy a preferential tax rate of 10% for the first 15 years of operation.
They are also granted with a tax exemption for 2-4 years and a 50% reduction for 4-9 following years.
Annually, each enterprise can deduct 10% of its total pre-tax income to enrich their science and technology development fund.
Incomes from luxury consumer goods and bonus games are not offered with tax incentives.
By Hải Minh
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