Land sublease time is fully 50 years. Exemption of raw land sublease fee during the project life-cycle.
| Preferential policies | ||
| 1 | Preference on corporate income tax
|
For all investment projects:
- Apply the tax rate of 10% for 15 years from the time the project goes into production and business, in which: + The first 4 years since the project has income: completely tax free + Next 9 years: 50% off - After the preferential period: Apply at the current tax rate according to the Government's regulations |
| For large-scale projects with high or new technology that need special investment attraction, the competent authority will consider higher incentives. | ||
| 2 | Exemption of Import Tax
|
- For equipment, machinery (attached accessories), special-use means of transport in technological lines, construction materials that cannot be produced domestically or are produced not up to quality standards.
- Import tax exemption for goods imported to create fixed assets. - Exemption from import tax for 5 years for raw materials that are not available in the country or are produced not up to standards. |
