Vietnam: Tax incentives for investments in industries

Corporate income tax incentives for investments made in certain industries

Corporate income tax incentives for investments made in certain industries

There are tax incentives with regard to investments made in certain industries.

Specifically, the corporate income tax incentives for investments made in certain manufacturing industry sectors can include:

  • An incentive rate of corporate income tax of 10% for 15 years, beginning from the year revenue is generated
  • A tax exemption for four years from the year taxable when income is derived
  • A 50% reduction in the amount of corporate income tax payable for nine subsequent years

There are also provisions to address the effects of subsequent legislation and the implications for these tax incentives.

Read a June 2021 report prepared by the KPMG member firm in Vietnam

 

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