Tax-exempt incomes according to the Law on Enterprise Income Tax 2008 of Vietnam

13:58, 12/03/2009

On June 03, 2008, the National Assembly of Vietnam issued the Law on Enterprise Income Tax 2008. One of the basic contents of this Law is the regulation on tax-exempt incomes.

Specifically, according to Article 4 of the Law on Enterprise Income Tax 2008 of Vietnam, tax-exempt incomes include:

1. Income from cultivation, husbandry and aquaculture of organizations established under the Law on Cooperatives.

2. Income from the application of technical services directly for agriculture.

3. Income from the performance of contracts on scientific research and technological development, trial products and products turned out with technologies applied for the first time in Vietnam.

4. Income from enterprises goods and service production and business activities exclusively reserved for disabled, detoxified and HIV-infected laborers. The Government shall specify criteria and conditions for the determination of enterprises exclusively reserved for disabled, detoxified and HIV-infected laborers.

5. Income from job-training activities exclusively reserved for ethnic minority people, the disabled, children in extremely disadvantaged circumstances and persons involved in social evils.

6. Incomes divided for capital contribution, joint venture or association with domestic enterprises, after enterprise income tax has been paid under the provisions of this Law.

7. Received financial supports used for educational, scientific research, cultural, artistic, charitable, humanitarian and other social activities in Vietnam.

View more details at the Law on Enterprise Income Tax 2008 of Vietnam, effective from January 01, 2009.

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