Law on Water Resources 2017 - Increased State Incentives

17:10, 11/07/2024

Here is the highlight of the Law on Water Resources 2017 passed by the 14th National Assembly, 3rd session, on June 19, 2017.

In the context of hydraulic activities, in addition to the preferential policies outlined in the 2001 Ordinance on the Exploitation and Protection of Hydraulic Works, the State has supplemented a series of preferential policies such as:

- Tax incentives for organizations and individuals managing and exploiting hydraulic works that provide public utility products and services following legal tax regulations.

- Support for organizations and individuals investing in the construction, repair, etc., of small-scale, on-field irrigation systems; advanced, water-saving irrigation systems; advanced and modern irrigation and drainage systems; and water treatment systems for reuse.

Law on Hydraulic Works took effect on July 1, 2018.

Source: Management Board of Forestry Projects

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