From the year of 2017, new regulations on CIT and PIT incentives are applied
- Enterprises with total annual turnover not exceeding 20 billion VND: apply the tax rate of 17% from 01/01/2017 to 31/12/2020. (This revenue is the revenue of the preceding year)
- Start-ups: apply the tax rate of 17% from January 01, 01 to December 2017, 31. (Criteria for determining startups are implemented in accordance with the Government's regulations)
Note that this preferential tax rate does not apply to:
- Income from capital transfer, right to contribute capital; income from transfer of real estate (except for social housing prescribed in the Law on CIT), income from transfer of investment projects, transfer of rights to participate in investment projects, transfer of exploration and exploitation rights mineral; income received from production and business outside of Vietnam.
- Income from searching, exploring and exploiting oil, gas and other precious and rare resources and income from mineral exploitation.
- Incomes from services subject to excise tax according to the Law on Special Consumption Tax.
- Other cases as prescribed by the Government.
- Enterprises that make profits from real estate transfer, investment projects, right to participate in investment projects (excluding transfer of rights to explore and exploit minerals): are offset against losses from production and business (minus in case the income from production and business of an enterprise is enjoying CIT incentives) from January 01, 01 to December 2017, 31.
- Incomes of enterprises from implementing new investment projects providing software services are subject to the tax rate of 10% for 15 years, tax exemption for 4 years and 50% reduction of payable CIT amount for the next 9 years. from January 01, 01 - December 2017, 31.
- Income of enterprises from implementing investment projects to renovate and rebuild old state-owned condominiums sold to current tenants, badly damaged, in danger of collapse, unsafe. to users for sale, lease, or lease purchase under the Housing Law: 10% tax rate is applied from January 01, 01 to December 2017, 31.
Enterprises must separately account the income of each investment project to renovate or rebuild old condominiums as a basis for tax incentives.
The list of investment projects on renovating and rebuilding state-owned old apartment buildings sold to current tenants is prepared by the provincial People's Committee and reported to the Prime Minister for consideration..
According to "Draft Resolution stipulates tax solutions to remove difficulties and problems and promote the development of enterprises".
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