Conditions for Tax Incentives on Software industry activities

25 Jun Exclusive Incentives For Business In Software Activities

Posted at 18:07h in Resources by admin

(Last Updated On: June 17, 2021)

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.

WHO WE ARE

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006.
The insights and consistent backgrounds in Business Laws - Accounting and Corporate Finance - Tax Management – Labor Relations and Payroll - Secretarial services help us build trust and confidence in the entrepreneurs’ community.
We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigner working in Vietnam, Vietnamese SMEs, Chief Operation Officers.
VIVA's logo is our Brand name, our signature, it states our faith - independence - transparence - and loyalty for client's interest. The signature is commitment and honor on our outstanding expertise and professionalism. It is the symbol of good standing for our clients whenever they are doing business with customers, partners, the local competent state agencies...