According to the Decree 164/2003/NCP on 22/12/203, the Decree 152/2004/NCP on 06/8/2004 of our Government and Decision 53/2004/QD-TTg on 5/4/2004 of the Prime Minister
According to the Decree 164/2003/NCP on 22/12/203, the Decree 152/2004/NCP on
2.1. In the industrial zones, the processing and exported zones and high- tech zones
| Investment fields |
|
| Services in the industrial zones |
20% in 10 years, a full remission of 2 years and a remission of 50% in the following 6 years. From the 11th year on, the tariff is 28% |
| Production in the industrial zones(IZ), services in the processing and exporting zones(PEZ) |
15% in 12 years, a full remission in 3 years and a remission of 50% in the 7 following years. From the 13th year on, the tariff is 28%
|
| Enterprises in IZ and PEZ |
10% in 15 years, a full remission in 4 years and 50% in the following 7 years. From the 16th year on, the tariff is 28%. |
| Projects of specially promoted field |
10% in 15 years, a full remission in 4 years and 50% in the following 9 years. From the 16th year on, the tariff is 28% |
| High tech enterprises investing into high tech zone |
10% in the period of operation, a full remission in 3 years and 50% in the following 9 years. |
2.2. Period of enterprise tax remission:
- New investment projects (no discrimination of invested fields and areas) get a full remission in 2 years (from the day having income under tax) and a remission of 50 % tax for the 2 following years.
- Projects on infrastructure development in IZ and PEZ get a full remission in 4 years, and a remission of 50% tax for the 7 following years.
- Projects of the models of BOT, BTO, BT; projects of specially promoted fields; projects of sickness examination and treatment, education and training and scientific researches get a full remission in 4 years and a remission of 50% tax for the 9 following years.
- Other cases, depending on the projects on the fields that are promoted by the Government, in List B or C, or using ethnic labor, will get a full remission from 2- 4 years, and a remission of 50% in from 3-9 years.
- In addition, the Government will consider to have favorable treatment for the projects on investment of scale expanding, technology shift, environmental improving, production ability upgrading; projects to have exported productions and some special cases as regulation.
- When paying tax, if the projects are at loss, the loss will be transmitted into the income under tax of the following years. The time for loss transmission is not as far 5 years..
(Source: the Province Peoples’ Committee)
