1- Land rent, water surface
fees
and exemption from and reduction of land rent, water surface
fees
:
1.1- Land rent:
-
Land rent per year is 0,25% of land price in terms of land use purpose
in respect of projects on the list of investment incentive sectors as
stipulated in annex A promulgated
with Decree No. 108/2006/NĐ-CP dated 22/09/2006 or in geographical
areas of investment incentives (Duc Hoa, Duc Hue, Moc Hoa, Tan Thanh,
Vinh Hung, Tan Hung).
- Land
rent per year is 2% of land price in terms of land use purpose in
respect of projects not included in geographical areas of investment
incentives (Duc Hoa, Duc Hue, Moc Hoa, Tan Thanh, Vinh Hung, Tan Hung)
but executed in wards of Tan An town and township of districts.
-
Land rent per year is 0,5% of land price in terms of land use purpose
in respect of investment projects in the remaining areas.
- The compensation and resettlement which have been made will be deducted from land rent payable.
1.2- Water surface fee:
- Projects which use fixed water surface: from 10.000.000 dong to 100.000.000 dong/km2/year.
- Projects which use unfixed water surface: from 50.000.000 dong to 250.000.000 dong/km2/year.
1.3- Exemption from and reduction of land rent, water surface fees:
The
exemption from and reduction of land rent, water surface are not
applicable for holding an auction of land use rights to lease land,
water surface.
The exemption from land rent, water surface fee is applied in the following cases:
-
Projects using land to build apartment buildings for workers of
industrial zones under projects approved by the competent authority
including the selling price or house rent, in the system of the selling
price or house rent without the cost of land rent; projects using land
to build dormitory with money originating from the State budget, units with assignment to manage
and use for students’ living are allowed to collect fees just enough to
cover the service fees, expenses for electricity and water, management
fees and other relevant expenses, but not to calculate land rent and
depreciation of house; projects using land to build public works with
business purposes (socialization) belong to the education, health,
culture, sports, science and technology sectors.
- During
the course of temporary postponement of construction, and operation in
line with confirmation of licensing or business registering bodies due
to the project has dealt with difficulties and temporary postponement of
construction, operation.
- Upon the project completion and bringing the project into operation, as follows:
+ Enjoy tax exemption for 3 years in respect of projects on sectors in which investment is encouraged (List A);
in new production and business establishment of economic organization
which relocates in accordance with planning or as a result of
environmental pollution.
+
Enjoy tax exemption for 07 years in respect of investment projects in
Duc Hoa, Duc Hue, Moc Hoa, Tan Thanh, Vinh Hung, Tan Hung; projects in the list of Incentive investment sectors
+ Enjoy tax exemption for 11 years in respect of projects in The list of investment incentive sectors in Duc Hoa, Duc Hue, Moc Hoa, Tan Thanh, Vinh Hung, Tan Hung.
2- Corporate income tax:
- Corporate income tax rates applied is of 28%.
2.1- Preferential corporate income tax rates:
-
The tax rate of 20% applicable to business establishments newly
established from investment projects in lines of business and sectors
under the list of Incentive investment sectors
or executed in Duc Hue, Tan Hung, Vinh Hung, Moc Hoa, Tan Thanh, Duc
Hoa for 10 years starting from the commencement of production or
business.
-
The tax rate of 15% applicable to business establishments newly
established from investment projects in lines of business and sectors
under the list of Incentive investment sectors
or executed in Duc Hue, Tan Hung, Vinh Hung, Moc Hoa, Tan Thanh, Duc
Hoa for 12 years starting from the commencement of production or
business.
-
The tax rate of 10% applicable to business establishments newly
established from investment projects in lines of business and sectors
under the list of Incentive investment sectors for 15 years starting from the commencement of production or business.
2.2- Duration of exemption from and reduction of corporate income tax:
-
Production establishments which have newly established from an
investment project and business establishments which relocate from urban
areas in accordance with approved planning shall be exempted from
corporate income tax for 02 years from when taxable income arises and
shall be entitled to a 50% reduction of the amount of corporate income
tax payable for two subsequent years.
-
Business establishments newly established from an investment project in
lines of business and sectors under the list of investment incentive
sectors shall be exempted from corporate income tax for 02 years from
when taxable income arises and shall be entitled to a 50% reduction of
the amount of corporate income tax payable for 3 subsequent years.
-
Business establishments newly established from an investment project
executed in Duc Hue, Tan Hung, Vinh Hung, Moc Hoa, Tan Thanh, Duc Hoa
and business establishments which relocate to Duc Hue, Tan Hung, Vinh
Hung, Moc Hoa, Tan Thanh, Duc Hoa shall be exempted from corporate
income tax for 02 years from when taxable income arises and shall be
entitled to a 50% reduction of the amount of corporate income tax
payable for 06 subsequent years.
-
Business establishments newly established from an investment project in
lines of business and sectors under the list of investment incentive
sectors and executed in Duc Hue, Tan Hung, Vinh Hung, Moc Hoa, Tan
Thanh, Duc Hoa shall be exempted from corporate income tax for 03 years
from when taxable income arises and shall be entitled to a 50% reduction
of the amount of corporate income tax payable for 07 subsequent years.
-
Business establishments newly established from an investment project in
lines of business and sectors under the list of investment incentive
sectors shall be exempted from corporate income tax for 04 years from
when taxable income arises and shall be entitled to a 50% reduction of
the amount of corporate income tax payable for 09 subsequent years.
3- Import duties:
3.1-
Enterprises shall be exempted from import duties for the imported goods
for the purpose of forming fixed assets of project in the list of
investment incentive sectors as stipulated in annex A
promulgated with Decree No. 108/2006/NĐ-CP dated 22/09/2006 or executed
in Duc Hue, Tan Hung, Vinh Hung, Moc Hoa, Tan Thanh, Duc Hoa,
including:
a. Equipment, machinery;
b.
Specialized means of transportation included in a technological process
defined by the Ministry of Science and Technology; means of
transportation used to transport workers including vehicles with 24 or
more seats, and watercraft;
c.
Components, small parts, accessories, spare parts, attachment, moulds,
kits accompanying for installing or using synchronously with equipment,
machinery, specialized means of transportation referred to point a and b
of this article.
d.
Raw materials and supplies for manufacturing equipment, machinery
included in a technological process or for manufacturing components,
small parts, accessories, spare parts, attachment, moulds, kits
accompanying for installing or using synchronously with equipment,
machinery as stipulated in point a of this article.
đ. Domestic construction materials which cannot be manufactured.
3.2--Enterprises
shall be exempted from import duties for 05 (five) years starting from
the commencement of production for imported raw materials, supplies,
components for production of projects in the list of Incentive
investment sectors as stipulated in annex A promulgated
with Decree No. 108/2006/NĐ-CP dated 22/09/2006 or in the domains of
producing mechanical, electric and electronic accessories, components
