OrbitaxOrbitax

Vietnam Considers Introducing Extended Tax Benefits for Foreign Direct Investment

|Proposed Changes|Vietnam
Vietnam

A proposal was submitted to the Vietnam National Assembly on 3 November 2014, introducing a 30 year reduced corporate tax rate of 10% for eligible investments. Eligible foreign direct investments include:

  • Investments in pioneer technologies used for the first time in SE Asia or Vietnam
  • Investments in companies with a minimum turnover of VND 20 trillion
  • Investments in export-processing compani…

Continue Reading