Preferential income taxes offered in EZs
Laws -
Individuals working for economic zones (EZs) in Việt Nam will enjoy a
50% reduction of their yearly income tax, stipulates the Ministry of Finance’s
(MoF) Circular 176/2009/TT-BTC.
The beneficiaries include both Vietnamese and foreign
residents or non-residents directly working in management boards, State
management agencies, and business enterprises in EZs.
Especially, employees who serve for organizations or
individuals operating outside EZs and are assigned to work in EZs
will enjoy the tax reduction policy.
However, the MoF also noted that employees, serving
for organizations and individuals within EZs but not working there are not
beneficiaries of the policy.
Organizations and individuals have to pay income
taxes imposed on their salaries, wages and revenues from business and
production activities conducted within EZs.
The regulation is eligible for income taxes arising
since January 1, 2009.
.:: Other news
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• Ministry issues new preferential tariffs (27/12/2011)
• Extension for corporate income tax payments (08/12/2011)
• Corporate income tax likely to be cut by 5 percent: congressman (15/11/2011)
• Personal income tax considered too high (14/11/2011)
• Income tax to be cut 30 per cent for small businesses (11/11/2011)
• Corporate income taxes may decline (07/11/2011)
• Ministry plans to simplify income tax procedures (27/10/2011)
• Decision details extension on corporate income tax payments (21/10/2011)