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List of branches and professions special preferential investment from and preferential investment

(BP Portal) - Issued together with Binh Phuoc Provincial People's Council Resolution 01/2022/NQ-HDND of March 31, 2022.
 
APPENDIX I

LIST OF BRANCHES AND PROFESSIONS

SPECIAL PREFERENTIAL INVESTMENT FROM AND PREFERENTIAL INVESTMENT
 
(Issued together with Binh Phuoc Provincial People's Council resolution 01/2022 / NQ-HDND of March 31, 2022)
 
 A. BRANCHES AND TRADES WITH SPECIAL INVESTMENT PREFERENCES

I. High technology, information technology, supporting industry.

1. High-tech applications are included in the category of high technology first developed under the decision of the Prime Minister.

2. Production of products on the list of high-tech products is encouraged to be developed under the decision of the Prime Minister.

3.  The production of products on the list of supportive industrial products is developed under the Government's regulations on industrial development.

4.  Hi-tech nurturing and hi-tech enterprises; To invest in the development of high technology, the application, research and development of high technology in accordance with the provisions of the legislation on high technology; The production of biotechnology products; High-tech artificial island; The provision of high-tech services.

5. The production of software products, digital information content products, information technology looking after software, software services as prescribed by the legislation on information and technology; The production of safe cyber information products and the provision of cyber information safety services ensures conditions as prescribed by the Law on cyber information safety, the production of products formed from the scientific and technological results in accordance with the provisions of the legislation on science and technology.

6.  Renewable energy production, clean energy, energy from waste disposal.

7.  Composite materials, light build materials, rare materials.

8.  Production is on the list of mechanical products at the focus of the decision of the Prime Minister.

II. Agriculture

1. To plant, care for, nurture, protect and develop forests, to carry out the production of forests in bare land, bare hills and mountains, to plant great timber forests and convert small timber forests into large timber plantations; To promote off-wood products, restore natural forests.

2. Farming, processing and preserving farm, forest, aquatic resources, processed forest products outside of wood.

3. Production, propagation and cross-breeding of plant breeds, livestock breeds, forestry plant varieties, aquatic breeds, development of high-tech forestry crop varieties.

4.  Investing in research and production of biotechnology products for food.

5 production of wood products; Production of artificial planks, including: civil planks, masonboards, MDF planks.

III. Environmental protection, building infrastructure

1.  Collect, treat, recycle, reuse concentrated waste.

2.  Construction and business in infrastructure of industrial parks, high-tech parks, functional areas within economic zones.

3. Making investment in the development of water plants, power plants, water supply and drainage systems, Bridges, roads, infrastructure, transport and railway industry; Airports, airports, terminals, and other especially important infrastructure works are decided by the Prime Minister.

4. Development of public passenger transport in cities.

5.  Investment in the construction and management and business of markets in rural areas.

6. Investment in development and operation of and management of infrastructure works in industrial cluster technical.

IV, culture, society, sports, health

1. Social housing and resettlement.

2. Making business investment in establishments performing sanitation against epidemics.

3. Scientific research in conservancy technologies, biotechnology, for the production of new drugs, new veterinary drugs, vaccines and biological products used in water.

4. To produce drugs as well as major drugs, essential medicines, cigarette burns, social disease prevention drugs, vaccines, medical products, drugs from pharmaceuticals and medical medicines; Drugs about to expire on patents or related monopolies, apply advanced technology, bio-technology to produce medicinal drugs for persons meeting international GMP standards, manufacture and expose them directly to drugs.

5.  Methadone production base investment.

6. Making business investment in high performance sports training and training centers and sports training and training centers for disabled people; To build a sporting establishment equipped with training facilities and facilities, in order to meet the requirement of organizing international competitions; Professional sports, training.

7. Making investment in business in gerontology and psychiatric centers and treatment of orange toxics; The center provides care for the elderly, disabled, orphans, and children who wander aimlessly.

8.  Making investment in business of medical and educational and social labor centers; Establishments for detoxification of tobacco; HIV/AIDS treatment facilities; District authorities provide counselling and support for the treatment of community-marrow drug addiction.

9. Investment in business on national foundation, national cultural writer; National singing, dancing, music; Theater, studio, production and white production establishments; Art and photography exhibitors; The production, manufacture, repair of national Musical Instruments, maintenance and preservation of museums, nationalist cultural houses and art cultural schools; Establishments and craft villages for introducing and developing traditional branches and trades, for business investment in various forms of the guidance and deception arts; Investments in the National Library of Vietnam, the public library of the province and city directly under the Central Government, and the library are important.

B. INDUSTRIES AND PROFESSIONS HAVE PREFERENTIAL INVESTMENT INCENTIVES.

I. Science technology, electronics, mechanics, materials production, information technology.

1.  Investment in research and development (R&D).

2.  Embryonic steel production from iron ore, advanced steel, alloy.

3. Producing activated coal.

4.  To do energy-efficient products.

5.  Production of petrochemicals, pharmaceuticals, basic chemicals and speciality.

6.  Production of products with value added from 30 % or more (under the guidance of the Ministry of Planning and Investment)

7.  For cars and parts.

8. Production of accessories, electronic components and clusters of electronic details not included in this category A appendix.

9.  The production of machinery, machinery, spare parts equipment and machinery in service of agricultural, forestry, fishing, food processing machines and urine irrigation equipment is not on this list A of appendices.

10.  Production of Amiing material.

11.  Production of lightweight non-heated building materials (with density less than 1000 kg/m3).

12.  Investments take advantage of body heat in Thai to generate electricity from facilities producing building materials to conserve energy and protect the environment.

13.  Artificial crushing sand instead of natural cutting.

14.  Treatment investment, using waste spectrum of thermal power plants, chemical fertilizer plants, and metallurgical plants to make construction materials.

15.  Treat, use domestic waste as a fuel for the production of building materials…

16. Investment in the production of equipment, supplies and spare parts for the cement production industry; Prayers; Paved with tiles; Fireproofing materials investment in production of construction materials substitute for construction materials produced with rear technology.

17.  The production of environmentally friendly vehicles.

18.  Production of diesel locomotive; Carriages with loading capacity of 30 tons or more; High-end coaches with a speed of 100 km/are good at locomotives and coaches in the railway field.

19. Production and processing of the building materials.

20. Production and business of products is formed from scientific and technological results of scientific and technological enterprises.

II. Agriculture

1. Drug farming, cultivation, harvesting and processing; To protect and conserve gene resources and rare, endemic medicines.

2.  Production and processing of animal feeds and fisheries.

3.  Scientific and technical services in cultivation, animal husbandry, aquatic resources and plant and animal protection.

4. To build new, renovate and upgrade slaughter establishments; Preservation, processing of poultry, concentration of livestock for focal points, auction establishments for livestock and animal products.

5.  To build and develop areas of raw materials concentrated in service of the processing industry.

6.  Investment in the production of bio-plant protection drugs, production of organic fertilizers, scientific research and technological transfer to the development of organic fertilizers.

7.  Farming and processing of agricultural products, forest products and aquatic products in the form of links to the product chain; Farming and processing of agricultural products, forestry and aquatic resources in the form of organic agricultural production.

8.  Manufacture of fine arts and crafts, bamboo and woven products, ceramics, water - provinces, textiles, fabrics, fiber, embroidery, knitting.

9. Scientific research and technological development in the field of agricultural science.

10.  Keep the original livestock breeds, preserve gene sources for rare domestic animals and native livestock breeds.

III. Environmental protection, construction of infrastructure.

1.  Construction and development of industrial cluster infrastructure.

2. To build apartment buildings for workers working in industrial parks, export processing zones, high-tech parks and economic zones; Building communal dormitories of students and housing for subjects of social policy; Investment in building functional urban areas (including kindergartens, schools, hospitals) served workers.

3.  Overcoming incidents of mountain avalanches, dike landslides, river banks, dams, reservoirs and other environmental incidents; Use of mitigation technology with housing effects, destruction of the ozone layer.

4.  Investment in business establishments Goods Exhibition Centers, Logistics Centers, shallow ports, warehouses, supermarkets, trade centers.

5.  Production and supply of environmental monitoring equipment, ecological water treatment equipment on the spot, eco-friendly products and services are certified with Vietnam ecological labels in accordance with the provisions of the law on environmental protection.

6.  Making investment in business establishments which nurture technology, scientific and technological enterprises in accordance with the provisions of the legislation on technology.

7. Business investment in creative Innovation Centers, research and development centers.

8.  Domestic wastewater treatment has a capacity of 2,500m3/day (24 hours) or more for urban areas of Type IV or higher.
9.  Collection, transport and treatment of solid waste are concentrated

10.  Treat hazardous waste, treat hazardous waste.

11. Handling and rehabilitation of contaminated environmental areas in public areas.

12.  Processing, chemical and other environmental issues.

13.  Building technical infrastructure for environmental protection of industrial parks, industrial clusters and craft villages.

14.  Relocation or transfer of activities of serious environmental polluters.

15.  Environmental Monitoring.

16.  Construction of cemeteries, fire tanks and burial facilities.

17. Assessment of environmental damage, assessment of environmental health. Environmental assessment of imported goods, scrap materials, machinery, equipment, technologies.

18.  Manufacturing applications of inventions to protect the environment are protected by the state in the form of licensing monopolies of inventions or monopolies on useful solutions.

19. Production of eco-friendly products labelled Vietnamese green by the Ministry of Natural Resources and Environment; Products from institutional activities, solid waste disposal of waste treatment establishments (living, industrial and hazardous wastes).

20. Production of gasoline, diezen fuel and chartered certified biofuels; Biochar; Quantum energy uses wind, sunlight, tide, geothermal, and other forms of renewable energy.

21. Production of machinery and specialized equipment and facilities for direct use in the collection, transport and treatment of waste; Thai water monitoring equipment and automatic, continuous Thai water monitoring; Opaque measuring, sampling and environmental analysis equipment; Of renewable energy production; Handling environmental pollution, handling, handling environmental accidents.

22. Production, business and service activities of environmentally friendly establishments are certified ecologically by the Ministry of Natural Resources and Environment.

23.  Production of water - saving products, equipment and technologies.

IV. Education, culture, society, sports, health.

1. Investment in business and infrastructure of educational and vocational establishments; Investment in the development of educational and training institutions, non-public vocational and training institutions at various levels: pre-school education, general education, vocational education.

2. To produce medical equipment, to build warehouses for storing goods and medical medicines for prevention of natural disasters, natural disasters and dangerous epidemic.

3. To produce medicinal materials and pesticides; Animal prevention, animal therapy, fisheries.

4. Production of incoppers, raw materials for making veterinary medicines, preservation of medical medicines, production of veterinary equipment and equipment.

5. Investment in biotesting and evaluation of drug availability; Establishments meeting criteria for good practice in drug manufacture, baoding, testing and clinical trial.

6. The research investment demonstrates the scientific basis of Traditional medicines, traditional medicines, and the development of the criteria for testing Chinese medicines and traditional medicines.

7. Making business investments in sport training centers, training houses, sports sports clubs, stadiums, swimming pools; Production, fabrication and remodeling of equipment and physical training means.

8. Business investment in business of district public libraries, specialized libraries, university libraries, libraries of educational institutions, community libraries and private libraries that serve the community and cultural development.

9.  Investment in the development of organizations inspecting the quality of vocational education and the production of vocational education equipment.

V. Industry, other professions.

1. Operations of people's Credit Funds and microfinance institutions.

2.  Publishing of electronic products.

3.  Investment in business in the distribution chain of small enterprises and the creation of small and medium enterprises; Investment in enterprise and technical support establishments for small and medium enterprises; Investment in joint business zones for creative and small enterprises under the provisions of the law on support of small and medium enterprises.

4.  Creative start-ups.
APPENDIX II

THE LIST OF BRANCHES AND TRADES OFFERED PREFERENTIAL INVESTMENT IN AGRICULTURE AND RURAL AREAS.
 
(Issued together with Binh Phuoc Provincial People's Council resolution 01/2022 / NQ-HDND of March 31, 2022)
 
1. Forest planting, forest protection, material planting, trees for non-timber production, organic agricultural production.

2. To invest in and develop the concentrated materials area for the processing industry. To build this big field.

3.  Concentrated animal husbandry, poultry, and fisheries.

4. Production and development of plant breeds, livestock breeds, forestry plant varieties, aquatic breeds.

5. The application of information technology, biotechnology, new materials technologies, automation technologies and high technologies are given priority for investment in development in agricultural, forestry, irrigation and aquatic production.

6. The production of raw materials and the processing of animal feeds, poultry, aquatic products, biological products.

7.  Processing of the sea, preserving agricultural, forest, aquatic resources, are documented.

8.  Manufacturing of pulp, paper, beer and planks directly from agricultural and forestry raw materials.

9.  Production of drugs and raw materials for plant protection, antimedicine, products for handling and remediation of the environment in animal husbandry and aquaculture.

10.  The manufacture of crafts; Cultural products, traditional nation.

11.  Invest in clean water supply, drainage, irrigation works and advanced and economical irrigation systems.

12.  New investment, renovation and upgrading of slaughtering and processing of cattle, poultry, concentration and industry establishments.

13. Collecting and treating solid waste, living water and waste in rural areas; Village waste disposal.

14. investment in rural areas; Housing for laborers in rural areas.

15. Production of machines, additives and auxiliary equipment in service of agricultural, forestry, fishing and food processing machines.

16.  Plant and animal protection services in rural areas.

17. Scientific and technical consultancy services in agricultural, forestry and hydrothermal production in rural areas.
 
APPENDIX III

LIST OF AREAS WITH INVESTMENT INCENTIVES

(Issued together with Binh Phuoc Provincial People's Council resolution 01/2022 / NQ-HDND of March 31, 2022)

 I. Areas with extremely difficult socio-economic conditions.
 
1. Loc Ninh district.

2. Bu Dang District

3. Bu Dop district .

4. Bu Gia Map district.

5. Phu Rieng district ,

6. Economic zones and high-tech zones (including concentrated information technology zones established under the Government's regulations).

II .  Difficult socio-economic areas

1. Hon Quan District. 

2. Chon Thanh District .

3. Dong Phu district.

4. Phuoc Long Town

5. Binh Long Town

6. Industrial parks, export processing zones and industrial clusters are established according to the Government's regulations.
 
APPENDIX IV

LAND PREFERENCES

(Issued together with Binh Phuoc Provincial People's Council resolution 01/2022 / NQ-HDND of March 31, 2022)
 
I.Exempt from land rent and water rent.

1. Projects are exempt from land and water surface rents for the whole lease term.

a) Investment projects in the areas with special investment preferences being invested in the socio-economic localities with special difficulties.

b) Investment projects for the construction of housing for workers of industrial parks or economic zones leased land by the State or leased land by the investor in the infrastructure construction business or economic zone for the implementation of the plans approved by the competent State agency; Investors are not allowed to charge the cost of land rent into the rent and rent prices.

c) Land to carry out the project on protective forest planting.

d) Projects on using land to build scientific research establishments of scientific and technological enterprises if meeting the relevant conditions include: land for laboratory construction, land for building technological nurturing establishments and land for building scientific and technological enterprises, land for building experimental establishments, land for constructing experimental production establishments;

đ) Projects of the agricultural cooperative using land as ground for construction of the cooperative headquarters and yard of drying houses; To build services and direct services in service of agricultural and forestry production and aquaculture;

e) Land for construction of maintenance, repair and parking stations (including ticks, management parks, public service parks) for service of public passenger transport activities according to the provisions of the road transport legislation.

f) Land for water supply construction projects, including: water exploitation and treatment works, pipes and works on the network of water supply pipes and projects supporting the management and operation of the water supply system (administrative houses, managers, operators, workshops, warehouses of supplies and equipment)

g) Land for construction of the infrastructure for common use in an industrial park and an industrial cluster according to the plan approved by the competent level.

2.  Land rent is exempt from the time limit.

a) Exemption of land and water surface rents for the period of capital construction.

The investor shall be exempt from land rent and water surface rents for the period of capital construction according to the project approved by the competent level but not more than three years from the date when the decision on land lease or water lease is taken. In cases where the tenants of land using land for agricultural production (planting perennial crops) according to the projects approved by the competent level, the time for the basic construction of plant gardens shall be exempt from land rent applicable to each kind of plant as prescribed by the Technical process of planting and taking care of perennial crops as prescribed by the Ministry of Agriculture and Rural Development. The exemption from land rent and water rent during the time of capital construction is carried out under projects attached to the state's renting of new land and the transfer from land allocation without collection of land use levy to land lease, does not include cases of investment in the construction of reclamation, expansion of the production and business establishments and re-farming of trees in the land area currently leased by the State.

b) To exempt land and water surface rents after the capital construction period

- Exemption of 3 years: Projects on the list of investment preferences; - To the new production and business establishments of the economic organizations which carry out the relocation according to the planning and displacement caused by environmental pollution;

- Exemption for 7 years: Projects to invest in areas with difficult socio-economic conditions; Project of investment in non-colonial industrial clusters in investment preference,

 - Exemption of 11 years: Domestic investment projects with exceptionally difficult socio-economic conditions; Investment projects on the lists of investment preferences and projects on the list of investment preferences in areas where they have difficult socio-economic conditions;

- Exemption for 15 years: Projects on the list of investment preferences in the local area with particularly difficult socio-economic conditions; Projects on the list of special investment preferences provided for in areas with difficult socio-economic conditions;

- Exemption from 19 years: Projects on the list of investment preferences shall be invested in HL bordergate economic Zone;
Investors leased land by the State for investment in the construction and business in infrastructure of industrial parks, industrial clusters and export processing zones shall be exempt from 11 years of land rent if investment is offered in non-indigenous areas; 15 years if the investment is made in the area with difficult socio-economic conditions; The whole land lease period if the investment is made in the area with particularly difficult socioeconomic conditions.

- The list of areas of investment preferences and special areas of investment preferences prescribed by Appendix I and II attached to this Resolution; A difficult socio-economic situation as well as a particularly difficult socio-economic condition prescribed in Annex III together with this Resolution;

- Projects to be allocated land by the State with land use levy collection before July 1st, 2014, which are being entitled to land use levy exemption exemption when converted to the form of land lease, shall continue to be exempt from paying land rent for the remaining land use duration.

c) Exemption of land and water surface rent as stipulated by Decision 29/2021/QD-TTg of October 6, 2021 of the Prime Minister on special privileges.

- Exemption of land rent, water surface rent for 18 years and a reduction of 55 % of land rent and water rent for the remaining time for the investment project implementation economic organizations which are prescribed in Clause 1, Article 5 of Decision 29/2021/QD-TTg;

- Exemption of land rent, water surface rent for 20 years and a reduction of 65 % of land rent and water rent for the remaining time for the investment project implementation by an economic organization defined in Clause 2, Article 5 of Decision 29/2021/QD-TTg;

Exemption of land rent for 22 years and 75 % reduction of land rent and water rent for the remaining time applicable to the subjects or economic organizations that carry out the first project is provided for in Clause 3, Article 5 of Decision 29/2021/QD-TTg.

d) The preferential contents stipulated at Points A and B above are not applicable to mineral resources exploitation projects.

II. Reduce land rent, water rent.

Reduction of land and water surface rents in the following cases:

1.  The cooperatives that rent land for use as production and business ground shall enjoy a 50 % reduction of land rent.

2. Renting of land and water surface for use for agricultural, forestry and aquaculture purposes with natural disasters and fires causing damage under 40 % of the output to be considered for reduction of land rent according to the damage percentage; Losses of 40 % of output or more shall be considered without rent for the year of damage.

3.  To rent land and water surface for use for production and business purposes which are not agricultural, forestry, aquaction-raising or which are not part of an economic zone or high tech park when suffering from natural disasters, fires or accidents, shall be entitled to 50 % reduction of land and water surface rent in the period of production and business termination.

III. Land use levy exempt.

The enterprises and cooperatives themselves shall invest capital in building social housing houses shall be exempt from land use levy for the areas assigned to carry out the projects, and the investors shall not be entitled to invest the land expenditures in the prices for tax, rent and sale of houses.

IV. Land use levy exemption or reduction for border-gate economic zones

Investors in an economic zone who are assigned land by the State, shall enjoy exemption or reduction of land use levy as follows:

1.  Land use levy exemption for special investment preferential projects.

2.  Reduction of 50 % of land use levy to be paid to the State budget for projects in the field of investment preferences.

3. 30 % reduction of land use levy amounts payable to the State budget for investment projects not covered by the above-mentioned Entries 1 and 2.

APPENDIX V

PREFERENTIAL TREATMENT ON ENTERPRISE INCOME TAX

(Issued together with Binh Phuoc Provincial People's Council resolution 01/2022 / NQ-HDND of March 31, 2022)

I. Enterprise income tax preferential Tax rates.

1.  The preferential tax rate of 10 % for 15 years shall apply to:

a) Enterprise income from the implementation of new investment projects in areas with particularly difficult socio-economic conditions, economic zones and high-tech parks;

b) Incomes of enterprises from the implementation of new investment projects in the domains: scientific research and technological development; The application of high technology on the list of high technologies shall be given priority for development investment in accordance with the provisions of the Law on High Technology; Investment in the development of water plants, power plants and drainage systems; The structure, roads and other particularly important infrastructure works decided by the Prime Minister, the production of software products (on the list of software products meeting the process of the production of software products as prescribed by law); Composite production, light construction materials, rare materials; Renewable energy production, clean energy, energy from waste disposal; Developing biotechnology;

c) Enterprise income from the implementation of new investment projects in the field of environmental protection, including: production of environmental pollution treatment equipment, environmental monitoring and analysis equipment; Dealing with pollution and environmental protection, collecting and treating waste water, gas and solid waste; Recycling and reuse waste.

d) The incomes of high-tech applications according to the regulations on industrial enterprises and agricultural enterprises.

đ) Enterprise income from implementation of new investment projects in the field of production (except for projects of production of goods subject to special consumption tax and projects exploited in production amounts) shall meet one of the following two criteria:

- The project has a minimum investment capital size of 6 trillion VND, the disbursements shall not exceed 3 years from the time it is granted the first investment registration certificate as prescribed by the investment legislation, and a minimum turnover of 10 trillion VND/year after three years after the turnover beginning;

- The project has a minimum investment capital size of 6 trillion VND, disbursements shall not exceed 3 years from the time the investment registration certificate is first prescribed by law on investment and the regular use of more than 3,000 laborer

e) The incomes of enterprises from carrying out investment projects in the production field, except for the projects of production of goods subject to the special consumption tax and the mineral exploitation projects, which have a minimum investment capital of 12,000 billion VND, have to be evaluated in accordance with the provisions of the Law on High Technology, the Law on Science and Technology, and the disbursement of total registered investment capital not more than five years after being permitted to invest;

g) Enterprises with investment projects (new investment and expanded investment) product production on the list of industrial products supporting the development priority, carried out before January 1st, 2015, meeting the conditions of the project on production of supporting industrial products as provided for in the Amended Law Supplementing a number of articles of the tax laws and approved by the competent agency for granting the preferential treatment for the production of industrial products with support for the enterprise income tax, as provided in the Government's Decree No.57/2021/ND-CP of June 4, 2021 on supplementing Point g, Clause 2, Article 20 of Decree No.218/2013/ND-CP (amended and supplemented in Decree No.12/2015/ND-CP) on preferential enterprise income tax to the project on the production of industrial products supported.

The list of industrial products with priority for development shall be entitled to tax preferences, as provided for in Decree No. 111/2015/ND-CP of November 3, 2015 of the Government on supporting industrial development. When the relevant legal documents.

2.  The preferential tax rate of 10 % shall apply to:

a) Their incomes from the socialization activities carried out in the fields of education - training, vocational training, health, culture, sport, environment and judicial evaluation; A list of types, norms of the socialization enterprises and criteria stipulated in this Section is set by the Prime Minister.

b) Incomes of enterprises from the implementation of investment and social housing business projects for sale, leasing or renting of the buyers as provided for in Article 53 of the Housing Law;

c) The income of the press agency from printing activities, including advertising on the printing press as prescribed by the Law on the Press; The income of the publishing agency from publishing activities as provided for by the Law on Publication;

d) Enterprise incomes from: Forest planting, care and protection; Incomes from the cultivation, animal husbandry, farming and processing of agricultural and aquatic products in the localities with difficult socio-economic conditions; Forest product farming in the local area with difficult socio-economic conditions; Production, multiplying and crossbreeding of plant and animal breeds; Production, exploitation and refining of salt, except for salt production prescribed in Clause 1, Article 4 of Decree No12/2015/ND-CP of February 12, 2015 of the Government detailing the implementation of the Law amending and supplementing a number of Articles of the Tax Laws and amending and supplementing a number of Articles of the Tax Decrees; Investment in the preservation of post-harvest agricultural products, preservation of agricultural products, aquatic products and food, including investment in direct preservation or investment marks to lease agricultural troops and fish and food resources;

đ) Incomes of a cooperative operating in the fields of agriculture, employment, fishing and non-indigenous enterprise with difficult socio-economic conditions or with exceptionally difficult socio-economic conditions, except the income of the cooperative, stipulated in Clause 1, Article 4 of Decree No.12/2015/ND-CP.

3.  The preferential tax rate of 15 % shall apply to:

The incomes of the horticultural, animal husbandry and processing enterprises in the agricultural and aquatic fields in non-indigenous areas have difficult socio-economic or local conditions with particularly difficult socio-economic conditions.

4. The preferential tax rate of 17 % for a period of 10 years shall apply to:

a) Enterprise income from the implementation of new investment projects in areas with difficult socio-economic conditions;

b) Income of enterprises from the implementation of new investment projects: advanced steel production; To produce energy-efficient products; The production of machinery and equipment in service of the production of agriculture, forestry, fishing and matches; Production of irrigation equipment; The production and refining of fodder, poultry, fishery development of traditional trades (including the construction and development of traditional trades in the production of handicrafts, agricultural food products, cultural products).

5. The preferential tax rate of 17 % for the duration of its operation is applied to the people's Credit Fund, the Bank for cooperatives and the financial organization for tissues.

With regard to people's credit funds, the Cooperatives Bank and the newly established microfinance organizations in the areas with particularly difficult socio-economic conditions after the expiry of the tax rate of 10 %, the tax rate shall be changed to 17 %.

A microfinance organization stipulated in This Clause is an organization established and operating in accordance with the Law on Credit Institutions.

6.  Duration for the application of preferential tax rates:

Calculated continuously from the first year when enterprises have revenues from new investment projects; For high-tech enterprises, hi-tech applied agricultural enterprises shall be counted from the date they are recognized as high-tech or hi-tech enterprises and applied agricultural enterprises; For high technology application projects shall be counted from the date they are granted the certificate of high technology application projects.

7.  The preferential tax rate under Decision No.29/2021/QD-TTg of October 6, 2021 of the Prime Minister provides for special privileges.

a) The preferential tax rate of 9 % for 30 years shall apply to the income of economic organizations from the implementation of investment projects stipulated in Point b, Clause 2, Article 20 of the Investment Law.

b) The preferential tax rate of 7 % for a period of 33 years applied to the death income of investment projects in one of the following cases:

- New established investment projects (including the extension of such new establishment projects) Creative innovation centers, research and development centers with a total investment capital of 3,000 billion VND or more, disbursing a minimum of 1,000 billion VND within 3 years after being granted an investment certificate or decision to approve the investment strategy.

- Investment projects defined in Point b, Clause 2, Article 20 of the Investment Law and meeting one of the following 4 indicators:

+ It is a high-technology project of level 1;

+ having Vietnamese enterprises in a Level 1 chain;

+ Value added accounting for more than 30 % to 40 % of the total cost of final output court provided by the economic organization;

+ met the technology transfer criteria of level 1.

c) The preferential tax rates of 5 % for a period of 37 years shall apply to income from the activities of the subjects or investment projects of one of the following cases:

- National Innovation Centre established by decision of the Prime Minister.

- Investment projects defined in Point B, Clause 2, Article 20 of the Investment Law and meeting one of the following four criteria:

+ It is a high tech project level 2;

+ having Vietnamese enterprises in a Level 2 chain;

+ Value added accounting for more than 40 % of the total cost of the final output output supplied by economic organization;

+ met the criteria for technology transfer level 2.

d) Criteria on high technology transfer, Vietnamese enterprises joining domestic production chains and values shall comply with the provisions of Article 3 of Decision No.29/2021/QD-TTg.

II. Tax exemption and reduction

1.The tax exemption for 4 years, a 50 % reduction of the payable tax amount for the next 9 years for:

a) The income of the real enterprise is stipulated in Section I, Part I and this appendix.

b) Enterprises newly established in the field of socialization implemented locally have difficult or especially difficult socio-economic conditions.

2. Exemption from tax for 4 years, 50 % reduction of the payable tax amount over the next 5 years for newly established enterprises in the field of socialization implemented in areas not on the list of areas suffering or especially difficult.

3. Tax exemption for 2 years and a 50 % reduction of the payable tax amount over the next 4 years for:

a) Enterprise income from the implementation of new investment projects in areas with difficult socio-economic conditions;

b) Income of enterprises from the implementation of new investment projects: advanced steel production; To produce energy-efficient products; The production of machinery and equipment in service of agricultural, forestry and fishery production; Production of irrigation equipment; Production and refining of animal feeds, poultry and aquatic resources; To develop the traditional professions.

c) Income from the implementation of new investment projects at industrial zones (except for industrial zones located on the localities with favorable socio-economic conditions).

Favorable socio-economic conditions prescribed in this clause are the inner arrondissements of urban special categories, Class I urban centers under the Central Government and the Category I graphs under the province, which do not include the arrondissements of urban special categories, Category I urban centers directly under the Central Government and Category 1 municipalities under the province which have been created from the district as of January 1, 2009; In cases where industrial parks are located above both favorable localities and unfavorable localities, the determination of tax incentives for industrial parks based on the actual location of the investment projects in the field of determination of special category cities and Category I stipulated in Item shall comply with the Government's regulations on the classification of cities.

The tax exemption or reduction duration: to be calculated continuously from the first year when the taxable income from the new investment project is entitled to tax preferences in case there is no taxable income for the first three years and from the first year the turnover from the new investment project shall be calculated from the fourth year. The time for tax exemption and reduction for high-tech enterprises, hi-tech agricultural enterprises which apply shall be counted from the time they are recognized as high-tech enterprises or hi-technology application agricultural enterprises.

In cases where an enterprise's new investment projects have their production and business periods exempted from tax or tax relief for less than 12 months, the enterprise is selected to enjoy tax exemption or reduction for the new investment project at the time of the red tax calculation or to register with the tax agency the time when starting the tax exemption or reduction from the next tax era.

4.  Preferential treatment for Expanded Investment projects.

a) An enterprise has investment projects in the development of operation investment projects in the field, territory where it provides preferential tax treatment for the enterprise's production scale, capacity raising, renovating and/or renovating its production technology if it meets one of the three prescribed regulations to be selected to enjoy tax privileges under the remaining projects or to receive tax exemption or reduction for the increased income brought about by the expanded investment. The time of tax exemption or reduction for added income from the expanded investment is equal to the time of tax exemption or reduction applicable to new investment projects on the same native land and the fields of preferential enterprise income tax;

b) Targets of expanded investment project.

The cost of fixed assets increased when the investment project is completed into operation to reach a minimum of 20 billion VND for the expanded investment project eligible for enterprise income tax preferences as provided for or from 10 billion VND for the expanded investment projects carried out in difficult or especially difficult localities under the legislation on enterprise income tax;

- The extra cost of fixed asset prices to reach a minimum of 20 % from the total cost of fixed assets before the investment.

- The capacity of the designs increased at least 20 % from the designed capacity before invested.

In cases where an operating enterprise has invested in upgrading, replacing or renewing the technology of its operating project in this field or indigenous area, which enjoys preferential tax collection under this regulation and does not meet one of the above three criteria, the tax preference is granted according to the currently operating project for the remaining time.

In case the enterprise chooses to enjoy tax preference according to the expanded investment, its added income from the expanded investment shall be accounted separately; In case of no personal accounting, income from expanded investment activities shall be determined according to the ratio of the cost of fixed assets put into production and business to the total cost of fixed assets of the enterprise.

The tax exemption or reduction duration to be refined from the five completed investment projects based on income production and business; In case there is no taxable income for the first three years and from the first year the turnover from the expanded investment projects, the tax exemption or reduction duration shall be calculated from the fourth year.

This preference does not apply to cases where an enterprise is extended as a merger, acquisition or acquisition is being made.

5. Exemption from enterprise income tax reduction under Decision No. 29/2021 QD-TTg of October 6, 2021 of the Prime Minister on special privileges:

a) The 5-year tax exemption or 50 % reduction of the payable tax amount over the next 10 years in exchange for income of the economic organization that has carried out investment projects shall fall under the provisions of Clause 1, Article 5 of Decision No.29/2021/QD-TTg.

b) The tax exemption for 6 years, a 50 % reduction of the tax amount to be paid within 12 years following the investment project's change of import by the economic organization is stipulated in Item 2, Article 5 of Decision No.29/2021/QD-TTg.

c) The tax exemption for 6 years, a 50 % reduction of the payable tax amount over the next 13 years, in exchange for income from the activities of the subjects or economic organizations engaged in investment projects, which are stipulated in Clause 3, Article 5 of Decision No.29/202L/QD-TTg.
 
Translator: Ms.Thao
>>Chapter I - GENERAL REGULATIONS
>>Chapter II - POLICIES ON GENERAL INVESTMENT PROMOTION, PREFERENTIAL AND SUPPORT
>>Chapter III - THE POLICY ON INCENTIVES, PREFERENCES AND SUPPORT FOR ADDITIONAL INVESTMENT FOR INDUSTRIAL PARKS, ECONOMIC ZONES, HIGH-TECH APPLIED AGRICULTURAL AREAS, INDUSTRIAL CLUSTERS
>>Chapter IV - POLICIES ON PROMOTION, PREFERENCES AND SUPPORT OF INVESTMENT IN PROJECTS OF SOCIAL HOUSING FOR WORKERS
>>Chapter V - THE POLICY ON INCENTIVES, PREFERENCES AND INVESTMENT SUPPORT FOR SPECIAL PROJECTS CALLING FOR PROVINCIAL INVESTMENT
>>Chapter VI - POLICIES ON INCENTIVES, INCENTIVES AND SUPPORT FOR INVESTMENT IN THE FIELD OF SOCIALIZATION
>>Chapter VII, VIII - THE POLICIES ON PROMOTION, PREFERENCES AND SUPPORT OF INVESTMENT IN AGRICULTURE AND RURAL AREAS - IMPLEMENTATION ORGANIZATION

 

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