To agree on personal income tax exemption with leading experts in specific fields in Vietnam

To agree on personal income tax exemption with leading experts in specific fields in Vietnam

Specifically, according to Resolution 135/NQ-CP 2023 on the project Law on National Defense, Security, and Industrial Mobilization, the government basically agrees with the content of the law project. The Ministry of National Defense presides over and coordinates with the Ministry of Public Security, the Ministry of Justice, the Government Office, and relevant agencies to research and absorb the maximum opinions of government members to ensure the requirements.

In particular, regulations on personal income tax exemption for leading experts, scientists, and general engineers in specific fields:
I agree that there should be appropriate incentive regulations to attract experts and scientists in this field. The Ministry of National Defense coordinates with the Ministry of Public Security and the Ministry of Finance to present content to ensure the uniformity of the legal system.

Supplementing the Planning for construction and development of defense industry and security industry in the draft Law, Regulations on Planning for construction and development of defense industry and security industry are national sector planning. The Ministry of National Defense coordinates with the Ministry of Public Security and the Ministry of Planning and Investment to review the order, procedures, and authority in planning work, ensuring the consistency of the legal system.

Regarding regulations on specialized capital sources for defense and security industry development: Agree on the need to have specific financial sources for defense and security industries guaranteed from state resources, combined with mobilizing other legal capital sources prescribed by competent authorities.

The Ministry of National Defense coordinates with the Ministry of Public Security, the Ministry of Finance, and the State Bank to stipulate principles in the draft law, ensuring feasibility and synchronization with relevant laws. The order and procedures for handling specific capital sources are assigned to the government for regulation.

More details can be found in Resolution 135/NQ-CP 2023, issued on August 30, 2023.

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