GENERAL TAX INCOME POLICIES OF ECONOMIC ZONES
APPLYING THE MOST PREFERENTIAL CIT OF VIETNAM
General offer
Corporate income tax rate of 10% for 15 consecutive years from the first year the enterprise has revenue.
The business is profitable from the first year
In case the enterprise has profit from the first year: Tax exemption for 4 years, 50% reduction of payable tax for the next 9 years counting from the first year the enterprise has taxable income.
The business is profitable from the 4th year
If an enterprise has no taxable income in the first three years, from the first year of revenue, the tax exemption or reduction period is counted from the fourth year.
SPECIAL POLICY FOR PROJECTS IN THE NON-TAX AREA
IMPORT AND EXPORT DUTY
Not subject to duty for:
Goods exported from The Free Trade Zone to foreign countries;
Goods imported from foreign countries to the Free Trade Zone;
Goods move from one Free Trade Zone to another.
VAT
Not subject to VAT for:
Goods and services trade between foreign countries and Free Trade Zones and between Free Trade Zones.
0% Tax rate for:
Exported goods, services sold and supplied to the Free Trade Zone;
Construction and installation of works in the Free Trade Zone.
EXCISE TAX
Not subject to Excise Tax for:
Imported goods from foreign countries to the Free Trade Zone;
Local good sold to the Free Trade Zone and used only inside the Free Trade Zone;
Goods are traded between Free Trade Zones.
OTHER INCENTIVES FOR PROJECTS IN FREE TRADE ZONE
No need to pay import tax in advance and do not have to do quite complicated import tax refund procedures, occupying production capital, taking a long time with raw materials to produce exported goods, not being sold in the market. inland.
The operation regulations of the Non-Tariff Zone and the coordination mechanism with the Customs will ensure the smooth circulation of goods in and out of the Non-Tariff Zone, quickly helping customers to reduce costs and time. time.
All warehouses and logistics centers in the project area have the same role as Tax-suspension warehouses, bonded warehouses, ICDs, etc.