Preferences abrogated in BEZs

VGP – PM Nguyễn Tấn Dũng has just signed Decision 16/2010/QĐ-TTg to abrogate some categories of corporate income tax incentives in seven border-gate economic zones (BEZs), namely Cầu Treo, A Đớt, Mộc Bài, Đồng Tháp, An Giang, Bờ Y and Lao Bảo.

March 05, 2010 2:38 PM GMT+7

A corner of the border-gate economic zone Lao Bảo

The Decision will take effect from May 1, 2010 on.

Under the Decision, all the projects in these BEZs will no longer enjoy a 4-year exemption of corporate income tax applied for the profits brought back by equipping new production lines, expanding production capacity, renovating technologies, and protecting the environment.

No VAT for goods to Cầu Treo BEZ

All goods and services, produced and consumed in the Cầu Treo BEZ or imported from abroad into the BEZ, will not be subjected to value added tax (VAT).

Goods and services originated from Việt Nam or imported from abroad into Cầu Treo will also be exempted from import-export tax.

Cầu Treo-based enterprises will not have to pay VAT and import tax for cars of less than 24 seats until December 31, 2012.

By Hải Minh