BUSINESS LINES AND AREAS FOR TAX INCENTIVES IN VIETNAM

Danh mục nội dung

Tax incentives in vietnam means application of a lower rate of taxes for enterprises in forms of

corporate income tax incentives, exemption from import tax – export tax, exemption from and reduction of land levy and land rents, accelerated depreciation, increasing the deductible expenses upon calculation of taxable income.

BUSINESS LINES IN VIET NAM ELIGIBLE FOR TAX INCENTIVES:

Hi-tech activities, hi-tech supporting industry products, research, manufacturing and development of products formed from science and technology results in accordance with regulations of law on science and technology;
Manufacturing of new materials, new energy, clean energy, renewable energy; manufacturing of products with an added value of 30% or more; energy-saving products;
Manufacturing of key electronics, mechanical products, agricultural machinery, automobiles, automobile parts; shipbuilding;
Manufacturing of products on the List of prioritized supporting industry products;
Manufacturing of IT products, software products, digital contents;
Breeding, growing and processing of agriculture products, forestry products, aquaculture products; afforestation and forest protection; salt production; fishing and fishing logistics services; production of plant varieties, animal breeds and biotechnology products;
Collection, treatment, recycling or re-use of waste;
Investment in development, operation, management of infrastructural works; development of public transportation in urban areas;
Pre-school education, general education, vocational education, higher education;
Medical examination and treatment; manufacturing of medicinal products and medicinal materials, storage of medicinal products; scientific research into preparation technology and biotechnology serving creation of new medicinal products; manufacturing of medical equipment;
Investment in sports facilities for the disabled or professional athletes; protection and promotion of value of cultural heritage;
Investment in geriatric centers, mental health centers, treatment for agent orange patients; care centers for the elderly, the disabled, orphans, street children;

AREAS AND BUSINESS LOCATIONS IN VIETNAM ELIGIBLE FOR TAX INCENTIVES

Areas and locations eligible for investment incentives:

Disadvantaged areas and extremely disadvantaged areas;
Industrial parks, export-processing zones, hi-tech zones and economic zones.

To apply for tax incentives, the investors, in addition to choosing the right scopes of business lines and investment areas, must also strictly follow the procedures for granting investment certificates, investment capital, and contributions, tax invoices and accounting regimes according to Vietnamese regulations.

VIVA Business Consulting provides a platform to help manage and choose industrial parks in Vietnam according to tax incentive criteria, manage investment and required business compliance procedures from the entry market step and during business operation, manage rental contracts and and relationships with industrial park owners.

[sc name=”footer-content-en”

Read more relevant content tax and investment incentives

Read more:

LEGAL EXPERT

VIVA BUSINESS CONSULTING

WHO WE ARE?

VIVA is the premium business consulting firm in Vietnam for market entry procedures, tax management, employment relation, corporate finance and local business procedures at local competent state agencies since 2006.
Our staying power thanks for the deep insights and integrated backgrounds in business laws – tax management – accounting – corporate finance – employment relations enhance us build trust and confidence and chosen by thousands of local and international clients from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. for their confident partner and successful business in Vietnam.

WHAT WE DO

VIVA offers one-stop platform, fully complied in optimal ways by local laws, for whole circle life of any enterprise in Vietnam:

Market entry and business regulations
Tax management
Accounting and Corporate Finance
Management of labor relations and payroll
Corporate – secretarial services
Local business procedures at any local competent state agencies
Mergers and Acquisitions.

WHERE WE ARE

With over 20-year journey in a single industry, our name valued by expanding list of successful and loyal clients:

We are recognized and selected by thousands of multinationals – foreign direct investment companies and investors in Vietnam
We are recognized and selected by thousands of global enterprise – foreign representative offices in Vietnam
We are recognized and selected by thousands of famous local companies in Vietnam

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

* VIVA Business Consulting is strictly complied with regulations on protection of personal data, according to Decree No.13/2023/ND-CP dated April 17, 2023, issued by Viet Nam government. VIVA use and keep your info for NO other purposes but providing exclusive service for you.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

Richard Branson