9 November 2021
Tax Department of Ha Tinh Province issued the Official Letter No. 2415/CTHTI-TTHT dated 20 October 2021 on guiding tax incentive policies with the following contents:
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Business cooperation contract means a contract between investors for business cooperation and distribution of profits or products without the establishment of a business organization.
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For incomes from the implementation of new investment projects, enterprises will be exempt from tax for 2 years and reduce 50% of the payable tax for the next 4 years.
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Enterprises currently engaged in production and business activities may continue enjoying tax incentives for the remaining duration if they have a change in their enterprise registration certificates which does not affect the satisfaction of the prescribed conditions for tax incentives.
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The enterprises having investment projects to develop operating investment projects such as the expansion of production scale, increase of capacity, and renewal of production technology in the fields or geographical areas eligible for CIT incentives may be chosen to enjoy CIT incentives.
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The preferential tax rate of 10% is applicable throughout the operation duration to incomes of enterprises from: The forest planting, tending and protection; Agricultural cultivation, planting of forest trees and aquaculture in geographical areas with difficult socio-economic conditions; Production, propagation, and hybridization of plant varieties and animal breeds; Salt production, exploitation and refinery, except salt production; Investment in the preservation of post-harvest farm produce, aquatic products and foodstuffs.
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