Draft Circular on tax preferentiality for ODA projects
VGP – The Ministry of Finance is drafting a Circular guiding the implementation of the tax policy and tax preferentiality for programs and projects sponsored by Official Development Assistance (ODA) and preferential loans.
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The Circular defines that tax policy, tax preferentiality and tax refund procedures are determined to non-refundable ODA projects.
Accordingly, owners and contractors of the non-refundable ODA projects will enjoy import and value added taxes as regulated at the Law on Import Tax and Export Tax.
By Thuy Dung