Legal Counselling

Vietnam’s regulation on tax incentives policies on science and technology activities

Nguyễn Trinh

10:20, 28/08/2018

The Law on Science and Technology 2013 of Vietnam was issued on June 18, 2013. In order to encourage and promote the key role and driving force of science and technology, the state has prescribed a number of preferential policies for science and technology activities, typically tax incentives.

Specifically, according to Article 64 of the Law on Science and Technology 2013 of Vietnam, the following cases are eligible for tax incentives as prescribed in the law on taxation:

One, earnings come from the implementation of the contract for scientific research and technological development;

Two, earnings from products made from technologies applied for the first time in Vietnam; products in the process of trial production;

Three, hi-tech enterprises, agricultural enterprises applying high technology and a number of activities in the areas of high technology;

Four, scientific and technological services;

Five, machinery and equipment, accessories, materials imported for activities of scientific research and technological development;

Six, grants from organizations, individuals for scientific research; grants received for scientific research;

Seven, transfer of technology of priority areas to organizations, individuals in socio-economically disadvantaged administration divisions;

Eight, other cases as prescribed.

The Law on Science and Technology 2013 of Vietnam officially comes into force from January 01, 2014.

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