Uni 20-11-2013 - Guidance on tax preference for new projects in the official information technology area

According to Decree No.154/2013/NĐ-CP, enterprises performing newly-invested projects in the information technology field in the official information technology area will be entitled to tax preference as follows:

·         CIT tax rate of 10% within 15 years, 4 years tax exemption, 50% reduction of payable tax amount in 9 following years for the income from performing newly-invested projects in the official information technology area.

·         For newly-established enterprises of the projects in the information technology field having large-scale should be paid special attentions to investment attraction, time of applying to  CIT tax rate of 10% can be extended but not exceeding 30 years.

·         To be exempted import tax for import goods to form fixed assets used for producing products, services of information technology

·         To be entitled to import tax for products, services of information technology under regulations of Law;

In addition, enterprises’ incentive conditions will be to:

·         Create favorable conditions about customs procedures, credit incentive of investment, export;

·         Hand over land with use payments or land leasing or land with available infrastructure.

            ·          Be entitle to other incentive policy applied to enterprises operating in the official information technology area