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Preferential policies for science firms

by VTV415 February 2019 Last updated at 19:41 PM

VTV.vn - The Government just issued Decree No. 13/2019 on scientific and technological enterprises, including many preferential policies concerning corporate income tax, land leases, and access to credit. Businesses are granted a 4-year tax exemption and a 50% reduction of payable tax for the next nine years.

Scientific and technological enterprises are entitled to exemption or reduction of land lease and water costs in accordance with the law. Regarding credit incentives, projects that apply their own scientific and technological results are entitled to capital incentives based on current legal provisions. They also receive preferential import and export tax incentives for scientific research, technological development, and production activities. The Decree will take effect from March 20.

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