Vietnam tax incentives are applied for corporate income tax, import tax on goods imported to form fixed assets; export tax; exemption and reduction of land levy and land rent… Enterprises shall determine conditions for enjoyment of tax incentives, preferential tax rates, the tax exemption or reduction duration, and losses allowed to be cleared against taxed incomes in order to declare and finalize tax with tax agencies.
Software product means software, and accompanying documents which are produced and displayed or stored in objects of any form and can be purchased, sold or transferred to other subjects for exploitation or use. Software industry activities are activities of designing, manufacturing, and supplying software products and services, including manufacturing packaged software, manufacturing software under orders or embedded software; processing software, and providing software services.
SOFTWARE PRODUCTS INCLUDE
- System software
- Application software
- Utility softwares
- Tool softwares
- Other softwares
- Administration, warranty and maintenance of operations of software and information systems
- Software quality counseling, assessment, and evaluation
- Software project counseling and formulation
- Software valuation counseling
- Software technology transfer
- System integration
- Assurance of safety and security for software products and information systems
- Distribution and supply of software products
- Other software services
TAX INCENTIVES ON SOFTWARE ACTIVITIES
- Applied Incentive tax rate of 10% within 15 years for new investment projects.
- Tax exemption for 4 years, reduction of 50% of tax payable for the next 9 years for Income of enterprise from performing new investment projects
- Software activities are not subjects to VAT obligations.
CONDITIONS FOR TAX INCENTIVES ON SOFTWARE ACTIVITIES
- Lawful establishment with the Enterprise registration certificate and Investment registration certificate.
- Perform the software activities as specified
- Fully complied with the tax and accounting laws and regulations in Vietnam.
ABOUT VIVA BUSINESS CONSULTING
VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.
Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…
VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.