Projects eligible for enterprise income tax incentives in Vietnam according to Circular 55

11:55, 01/01/2016

This is a notable content of the Circular No. 55/2015/TT-BCT regulating procedures for incentive certification and verification of projects for manufacturing of supporting products on the list of prioritized supporting products, issued by the Ministry of Industry and Trade of Vietnam on December 30, 2015.

According to the Circular No. 55/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, every new investment project that is eligible for enterprise income tax incentives under regulations of laws No. 71/2014/QH13 amending and supplementing a number of articles of the Law on taxation dated November 23, 2014 shall manufacture supporting products that satisfy one of the following requirements:

- The list of supporting products given priority in Vietnam that are manufactured before January 01, 2015 (Appendix 1 hereof) and granted a Certificate of Conformity to EU technical Regulations (standards promulgated by CEN - European Committee for Standardization) or equivalents (if any);

- All supporting products on the List compiled on the Decree No. 111/2015/ND-CP on development of supporting industry dated November 03, 2015 of the Government but not included in Appendix 01 of this Circular.

View more details at the Circular No. 55/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from January 01, 2016.

- Khanh Chi -

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