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Vietnam Publishes Release on Investment Tax Incentives

03 August 2016

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Approved Changes

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Vietnam

On 1 August 2016, the Vietnam Ministry of Finance published a release on the availability of certain tax incentives governed by Circular 83/2016/TT-BTC ({News-2016-07-26/A/5- previous coverage}). The release covers: The import duty exemption for imported goods as fixed assets that are not produced domestically; The five-year import duty exemption for imported materials, supplies and components not produced domestically; and The non-agricultural land use tax exemption. The investments incentives are available for: Projects with operational sectors subject to special investment incentives; Projects operating in areas with extremely difficult socio-economic conditions; Projects with capital of VND 6 trillion or more; and Certain...