From March, Border Gate Economic Zones No Longer Receive Tax and Fee Incentives

Thuy Phu

18:19, 10/07/2024

The Prime Minister of the Government of Vietnam has just signed Decision 01/2018/QD-TTg on the abolition of Decision 72/2013/QD-TTg regarding the financial mechanisms and policies for border gate economic zones.

No preferential policies shall apply to economic zones formed in land border areas with international border gates or main border gates, bilateral border gates:

- Investment and credit policies;- Preferential policies on corporate income tax (CIT), value-added tax (VAT), special consumption tax (SCT), export tax, import tax; preferences for land rent, water surface rent, and land levy;- Fees and charges related to the state management activities of the Border Gate Economic Zone management board.

For projects that are enjoying preferential policies as stated in the Investment License, Investment Certificate, etc., according to Decision 72, the preferential treatments will continue to apply for the remaining duration of the project.

Decision 01/2018/QD-TTg was issued on January 16, 2018, and officially came into effect on March 1, 2018.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn