25 Jun Exclusive Incentives For Business In Software Activities
Conditions for Tax Incentives on Software industry activities
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 softwares
- Application softwares
- Utility softwares
- Tool softwares
- Other softwares
SOFTWARE-SERVICES INCLUDE
- 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.
VIVA has been an in-depth consultant on business compliance procedures in Vietnam since 2006, based on our professional - integrated background in Business laws - Accounting and corporate finance - Tax management - Labor relation and payroll – Business administration procedures. VIVA offers exclusive services in an integrated tailor-made, consist of 5 specialized-expertise platforms and the inheritance experience up to hundreds of years for every job. Our extensive expertise and management system that facilitates us to connect local resources and be ready to deliver exclusive solutions that exceed all standard limits and satisfy all expectations of our clients.
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