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GUIDE FOR FOREIGN INVESTMENT IN VIETNAM HOCHIMINH |
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Page 2 of 4
GUIDE
FOR FOREIGN INVESTMENT IN VIETNAM HOCHIMINH SAIGON VIETNAM
MECHANISM, POLICIES ENCOURAGING AND SUPPORTING INVESTMENT INTO EXPORT
PROCESSING ZONES (EPZs), INDUSTRIAL ZONES (IZs)
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TAX
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Content
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EPZs
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Export tax
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Products, commodities
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Exemption
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Import tariffs
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Machinery, equipment, specialised transportation
means making fixed assets
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Exemption
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Materials, fuel
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Exemption
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Corporate income tax
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* Manufacturing companies
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10%
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4 years since profitable year
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Exemption
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Next 4 years
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reduction 50%
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* Service companies
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15%
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2 years since profitable year
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exemption
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* Manufacturing company
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Exports 80-100% of products
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4 years since profitable year
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Next 4 years
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Exports 50-<80% of its products
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2 years since profitable year
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Next 2 years
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Exports < 50% of its products
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2 years since profitable year
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* Service company
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1 year since profitable year
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Value-added tax (VAT)
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exemption
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Tax on profit transferring
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5%
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INCENTIVES OF THE EPZS AND IZS ENTERPRISES IN HCM CITY
(According to the Decree 24/2000/NN-CP dated July 31, 2000)
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TAX
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CONTENT
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EPZ
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IZ
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Export Tax
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-Products, commodities
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Exemption
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Exemption
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Import Tax
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- Machinery, equipment, special-use vehicles as
part of the fixed asset of the enterprise
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Exemption
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Exemption
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-Materials, fuel (including construction
material to be not produced in Vietnam)
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Exemption
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- Exemption according to export rate
- To be in debt within 9 months (275 days)
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Business Income Tax
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1- High-tech Enterprise:
- 8 years from the first making-profit year.
2-Infrastructure development Enterprise:
- 4 years from the first making-profit year
- 4 years thereafter
3-Manufacturing enterprise:
+ Export from 80 ? 100%:
- 4 years from the first making-profit year
- 4 years thereafter
+ Export from 50 - <80 %:
- 2 years from the first making-profit year
- 3 years thereafter
+ Export under 50 %:
- 1 years from the first making-profit year
- 2 years thereafter
4- Service enterprise:
- 1 years from the first making-profit year
- 2 years thereafter
- 2 years from the first making-profit year
- 3 years thereafter
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10 %
Exemption
10 %
Exemption
Reduction of 50%
10%
Exemption
Reduction of 50%
15%
Exemption
Reduction of 50%
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10 %
Exemption
10%
Exemption
Reduction of 50%
10%
Exemption
Reduction of 50%
15%
Exemption
Reduction of 50%
20%
Exemption
Reduction of 50%
20%
Exemption
Reduction of 50%
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Value Added Tax
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Exemption
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Performing under
Current VAT Law
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Withholding Tax
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3 %
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3 %
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Corporate Income Tax
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25%
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25%
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Vietnam Category| Advertising (2), Airline Agency (2), Apparel & Fashion (1), Architecture (1), Art & Creation (1), Auction (1), Auditing (1), Auto (4), Bag & Luggage (0), Bamboo (1), Banks (6), Barber shop (1), Bars and Clubs (1), Beauty Salons (1), Bookstore (1), Business association (1), Business Services (2), Camera (1), Carpet (1), Chemicals (1), Cleaning/Maid's service (1), Cloth & Fashion (3), Construction-design (2), Consultancy (4), Contractor (1), Curtain (1), Dating (1), Electronics (2), Embassies (1), Energy (1), Entertainment (1), Environment (1), Eyewears (1), Festival (1), Film (1), Fitness center/Sport (2), Flower shop (1), Food & Beverage (2), Forecast (1), Forwarding Service/EMS (1), Fuel (1), Fumigation (1), Fund (1), Furniture (1), Gallery (1), Games (1), Gift shop (3), Golf (1), Handicraft (1), Hats (1), View more... |
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