CORPORATE INCOME TAX EXEMPTION FOR FOREIGN INVESTORS IN VIETNAM

According to Article 16 of Decree No. 218/2013/ND-CP Detailing and Guiding the implementation of the Law on Corporate Income Tax and Article 1.6 of Decree 91/2014/ND-CP Amending and Supplementing a number of articles in some the tax decrees, foreign investors will be exempt from corporate income tax, specifically:

- Tax exemption for 4 years, reduction of 50% of tax payable for the next 5 years for enterprise’s income from performing new investment projects in the field of socialization in the areas not in the list of difficult or extremely difficult socio-economic conditions specified in the Annex issued with Decree 218/2013/ND-CP.

-  Tax exemption for 2 years and 50% tax reduction for the next 4 years for the incomes from performing new investment projects prescribed in Article 15.3 of Decree 91/2014/ND-CP and income of the business from performing new investment projects in industrial parks (except for industrial parks located in socially and economically advantaged areas).

All above is the advice of Gattaca Law. We hope that you will get the necessary information to carry out the investment activities with the highest efficiency.