THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Many incentives for investors in Southeast Nghệ An EZ
VNGOP – Investment projects in the Southeast Nghệ An Economic Zone (EZ) will be granted with best incentives which are applied to the projects in specially disadvantaged areas.
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Southeast Nghệ An EZ |
Under Circular 18/2008/TT-BTC issued by the Ministry of Finance on financial mechanism and customs formalities applied in the EZ, apart from infrastructure incentives, all investment projects aimed to found new production and business facilities within the EZ will be granted with an enterprise income tax rate of 10% for 15 years since the production and business activities are started; an exemption of this tax for four years; and a tax reduction of 50% for nine following years.
Goods and services produced or consumed within the non-tarrif quarters or imported from foreign countries into these quarters and vice versa are exempted from special consumption tax and VAT.
A zero VAT rate will be applied to products exported from Việt Nam into the non-tariff quarters.
The Circular stipulates that products in the List of Goods of Non-tarriff Origin are exempted from customs procedures.
By Uyên Phương