Land sublease time is fully 50 years. Exemption of raw land sublease fee during the project life-cycle.
|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.