The corporation tax rate is 10% in 15 years since its business operation; for the projects of high technologies, the corporation tax rate is 10% for the whole duration of projects.
- Four-year exemption from corporation tax since the company receives taxable income; a reduction of 50% in the corporation tax for the next nine years.
- If there are business losses, the losses will be transferred and deducted from the taxable income. The allotted time for loss transferring does not exceed five years.
- Reduction of 50% in income tax for high income earners.
- Five-year exemption from import duty since its start of production of raw materials, supplies, components and semi-finished products which have not been domestically produced.
- Tax exemption for imported equipment, machinery, vehicles as fixed assets, shuttle buses which have not been domestically produced or did not meet the requirement.
- Preferences of other taxes are given to areas with special socio-economic difficulties.
Special tax incentives applied to non-tariff zone:
- Goods are not subjected to export tax and import duty such as goods from the non-tariff zones exported to foreign countries; goods imported from foreign countries into non-tariff zones and used only in there; goods from this non-tariff zone transferred to or sold in other non-tariff ones, or for enterprises export, or for bonded warehouses and vice versa; other goods are not subjected to export tax and originated from inside Vietnam into tax-free zones.
- Goods are not subjected to value added tax such as goods and services of production and consume in the non-tariff zone or imported from foreign countries into the non-tariff zones and vice versa; goods and services from the non-tariff zones are transferred or sold to export processing zones and vice versa; goods and services from within Vietnam exported to the non-tariff zones are entitled the value added tax rate of 0%.
- Goods are not subjected to the excise tax such as goods and services listed to be subjected to the excise tax are produced and sold in the non-tariff zone or imported from abroad into tax-free zones and vice versa (except list of specified items); goods and services, which are subjected to the excise tax, are imported from inside Vietnam to non-tariff areas (except list of specified items); goods and services subjected to the excise tax transferred or sold from the non-tariff zones to export processing zones and vice versa.