Legal Counselling

Vietnam: Highest preferences shall be granted to entities participating in software industry

17:04, 10/05/2007

Recently, the Government of Vietnam has issued Decree No. 71/2007/NĐ-CP detailing and guiding the implementation of a number of articles of the Law on information technology regarding information technology industry.

hoạt động CN phần mềm, CN nội dung, Nghị định 71/2007/NĐ-CP

Specifically, according to Article 26 of Decree No. 71/2007/NĐ-CP of Vietnam’s Government, the State shall grant the highest preferences to organizations and individuals participating in software industry or content industry activities in accordance with law, including:

- Organizations and individuals investing in the manufacture of, or trade in, softwares; other manufacture of digital information content products are entitled to tax preferences provided for by the tax law and land use preferences;

- Software and digital information content products manufactured in Vietnam and software services supplied by organizations and enterprises of all economic sectors operating in Vietnam enjoy the highest preferences in terms of value added tax and export tax.

If organizations or enterprises participate in the software industry or content industry and in many other activities, they are only entitled to preferential policies prescribed in this Article for the manufacture and supply of software products and services or the manufacture of digital information content products.

View more details at Decree No. 71/2007/NĐ-CP of Vietnam’s Government, effective from June 08, 2007.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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