Pursuant to the Law on Corporate Income Tax dated June 3, 2008 and the Law amending and supplementing some articles of the Law on Corporate Income Tax dated June 19, 2013;
- Pursuant to the Law amending and supplementing some articles of the Law on tax dated November 26, 2014;
- Pursuant to Decree No. 12/2015 / ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law amending and supplementing some articles of the Law on tax and amending and supplementing some articles of the Decree on taxes;
- Pursuant to Circular No. 96/2015 / TT-BTC guiding the corporate income tax in Decree No. 12/2015 / ND-CP of the Government dated 12/02/2015 detailing the implementation of the Law on Amendments and supplementing some articles of the Law on taxes and amendments to some articles of the Decree on tax and amending and supplementing some articles of Circular No. 78/2014 / TT-BTC dated 18/6 / 2014, Circular No. 119/2014 / TT-BTC dated 25/08/2014 of Circular No. 151/2014 / TT-BTC dated 10/10/2014 of the Ministry of Finance.
II.Content
LONG AN (according to the list of regions preferential Corporate Income Tax issued with Decree No. 218/2013 / ND-CP dated December 26, 2013 of the Government)
- Areas with difficult social and economic conditions: Kien Tuong town; Duc Hue, Moc Hoa, Tan Thanh, Duc Hoa, Vinh Hung, Tan Hung.
1. Preferential tax rates
The preferential rate of 10% for a period of fifteen years (15 years) applies to:
a) Income from implementation of enterprise projects new investments in: a region with economic conditions - particularly difficult social provisions in the Annex issued with Decree No. 218/2013 / ND-CP economic zones, high-tech parks including the information technology area focus was established by decision of the Prime Minister.
b)The income of the business from the implementation of new investment projects in the following fields: scientific research and technological development; high-tech applications in the list of high-tech investment and development priorities in accordance with the Law on High Technology; High-technology incubators, business incubators, high-tech; venture capital for high-tech development in the list of high-tech development priorities in accordance with the law on high technology; construction investment - business incubators high technology business incubators tech; investment in the development of water plants, power plants, water supply and drainage systems; bridges, roads and railways; airports, seaports, river ports; airports, railway stations and infrastructure projects especially important due to the Prime Minister for decision; manufacturing software products; producing composite materials, construction materials, light, rare materials; producing renewable energy, clean energy, energy from waste disposal; biotechnology development.
c)Income from implementation of business projects in the fields of new environmental protection, including equipment manufacturing environmental pollution treatment, monitoring equipment and environmental analysis; pollution treatment and environmental protection; collection and treatment of waste water, waste gas and solid waste; recycling and reuse of wastes.
d) High-tech enterprises, agricultural enterprises high-tech applications in accordance with the Law on high technology.
đ)Income from implementation of business projects of new investment in the manufacturing sector (excluding projects produced goods subject to excise tax, mining projects) meets one of two criteria:
- The project has an investment capital registered for the first time a minimum of 6 (six) trillion dongs, disburse no more than 3 years from the time of initial investment permitted under the investment law and A total minimum turnover of 10 (ten) trillion dongs /year at the latest after 3 years from the year the revenue from investment projects (4th slowest year since revenues have now reached total sales minimum fee of 10 (ten) trillion dongs /year).
- The project has an investment capital registered for the first time a minimum of 6 (six) trillion, disburse no more than 3 years from the time of initial investment permitted under the investment law and frequent use of over 3,000 employees at the latest after 3 years from the year the revenue from investment projects (4th slowest year since business revenue to achieve conditions of use regularly average number of employees 3,000 per year on labor).
e)Income from implementation of business projects in the manufacturing sector, excluding commodity production projects excise tax and mining projects, capitalized at a minimum investment of 12 (twelve) trillion, use of technology must be evaluated in accordance with the Law on high technology, science and technology law, shall disburse the total registered capital not exceeding 5 years from the date are permitted to invest in accordance with the law on investment.
g) Income from implementation of enterprise projects new investment product manufacturer on the list of products supporting industry development priorities to meet one of the following criteria:
- Industrial products supporting high technology as stipulated by the Law on high technology;
- Industrial products supporting product manufacturing industries: textile - apparel; Leather - Footwear; electronics and information technology; automotive production and assembly; mechanical engineering that these products as of 01 May 01, 2015 which cannot be manufactured or produced but must meet the technical standards of the European Union (EU) or equivalent.
The preferential rate of 10% during the operation applies to:
a) Income from the operation of the business socializing in the field of education - education, vocational training, health, culture, sports and the environment, judicial assessment (hereinafter referred to as the field socialize).
b) 15% tax rate on corporate income from farming, livestock production and processing in the field of agriculture and fisheries in regions other than areas with socio-economic conditions or areas with difficult conditions special socio-economic difficulties."
c) The income of the publishing activities of the Publisher under the provisions of the Law on Publication.
d) Income from print activities (including advertising in print) of the press agency under the provisions of the Press Law.
e) The income of the business from implementing investment projects - social housing business to sell, lease or lease-purchase for the objects defined in Article 53 of the Housing Law.
f) Income from business: planting, care and protection; income from crops, livestock, aquaculture, agro-processing, fisheries in areas of socio-economic difficulties; Forestry farming conditions in areas with difficult socio-economic; Production, human and plant breeding animals; Manufacturing, mining and production of refined salt unless specified in Clause 1, Article 4 of Decree No. 218/2013 / ND-CP; Investment preservation of agricultural products after harvesting, preservation of agricultural, fisheries and food, including direct investment to preserve investment for rental or storage of agricultural products, fisheries and food. "
g) The income of the cooperative activities in the field of agriculture, forestry, fisheries and salt not in the economic - social problems and economic areas - especially social difficulties.
The preferential rate of 20% in ten years (10 years) applies to:
a) The income of the enterprise from the project implementation of new investment in a region with economic conditions - social difficulties specified in Annex issued with Decree No. 218/2013 / ND-CP .
b) The income of the business from the implementation of new investment projects: the production of high quality steel; producing energy-saving products; manufacturing machinery and equipment for production of agriculture, forestry, fishery and salt; irrigation equipment manufacturing; production and refining of animal feed, poultry and seafood; development of traditional industries (including construction and development of traditional industries in producing handicrafts, processed agricultural products and foodstuffs, cultural products).
Enterprises to implement new investment projects in the field of geographical tax incentives provided for in this Clause from January 01, 2016 the tax rate of 17%.
The preferential rate of 20% during operation (from 01/01/2016 to apply the tax rate of 17%) to be applied to people's credit funds, banks and cooperative financial Organizations microfinance.
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For the People's Credit Fund, cooperative banks and micro finance institutions established in areas with new economic conditions - particularly difficult social provisions in Annex issued with Decree No. 218/2013 / ND-CP of the Government after the expiration of the tax rate of 10% specified in Clause 1 of this Article, to apply the tax rate of 20%; from 01/01/2016 to apply the tax rate of 17%.
2. Incentives for tax holidays and tax reduction
Tax exemption for four years, 50% of the tax payable in the next nine years to:
a) Income from implementation of business projects prescribed in Clause 1 of Article 19 of Circular No. 78/2014 / TT-BTC (as amended and supplemented in Clause 1, Article 11 of Circular No. 96/2015 / TT-BTC) ".
b) The income of the business from the implementation of new investment projects in the field of social mobilization carried out in areas with difficult socio - economic difficulties or exceptional difficulties specified in the Annex attached to Decree No. 218/2013 / ND-CP.
2.2 Tax exemption for four years, 50% of the tax payable in the next five years for the income of the business from the implementation of new investment projects in the field of social mobilization carried out in areas not in the list of areas economic conditions - social difficult or extremely difficult specified in Annex issued with Decree No. 218/2013 / ND-CP of the Government.
2.3 Tax exemption for two years and 50% of the tax payable in the next four years on income from investment projects implemented new provisions in Clause 4 of Article 19 of Circular No. 96/2015 / TT-BTC and income of the business from the implementation of new investment projects in Industrial parks (except industrial park located in the urban districts of special grade, grade I under the central and industrial park located in desk municipalities provincially type I).
3. The case of other tax breaks
- Business activity in the manufacturing sector, construction, transport use from 10 to 100 women workers, including women workers of more than 50% of the 150 employees a regular or frequent use over 100 female workers that some female workers accounted for over 30% of their regular employees of the Corporate Income Tax reduction corresponding payable now with the amount actually spent more for female workers under the guidance of Item clause 2.9 Clause 2 of Article 6 of Circular No. 96/2015 / TT-BTC if separately accounted.
- Business Employers are ethnic minorities are reduced Corporate Income Tax payable corresponds to the amount actually spent more workers from ethnic minorities guidance at Item b, Point 2.9, Clause 2, Article 6 Circular No. 96/2015 / TT-BTC if separately accounted.
- Enterprises to implement technology transfer under the priority areas transferred to organizations and individuals in areas with difficult socio - economic difficulties 50% reduction of corporate income tax payable on the income from technology transfer.
- Source: http://dpi.longan.gov.vn
