On February 02, 02, the Government issued Decree 2024/11/ND-CP, thereby promulgating regulations on tax exemption for innovative start-up activities arising in Ho Chi Minh City. . Details are as follows:
Exemption from corporate income tax on income from innovative start-up activities arising in Ho Chi Minh City
Innovative startups, science and technology organizations, innovation centers and intermediary organizations supporting innovative startups (collectively referred to as enterprises) have income from startup activities Innovations arising in Ho Chi Minh City are exempt from corporate income tax on this income.
Enterprises whose income is exempt from corporate income tax specified in this Clause must Meets regulations of the People's Council of Ho Chi Minh City on priority areas; criteria, conditions, and content of innovative start-up activities.
Tax free period is is 05 years calculated from the time the enterprise incurs corporate income tax payable from innovative start-up activities arising in Ho Chi Minh City during the time Resolution No. 98/2023/QH15 takes effect. After Resolution No. 98/2023/QH15 expires, the tax exemption period as prescribed in this clause has not ended, the enterprise will continue to implement it until the tax exemption period ends.
In case an enterprise is in the exemption period or is eligible for corporate income tax exemption under exemption conditions other than those prescribed in this Decree, it can choose to enjoy tax exemption under other tax exemption conditions or tax exemption according to regulations. specified in this Decree for the remaining time.
Tax exemption for income from capital transfer and capital contribution rights to creative start-up enterprises in Ho Chi Minh City
During the time Resolution No. 98/2023/QH15 takes effect, organizations with income from transferring capital contributions and the right to contribute capital to creative start-up enterprises in Ho Chi Minh City are exempt from income tax. enter the business for this income.
Innovative start-up enterprises in Ho Chi Minh City specified in this Clause must meet the regulations of the People's Council of Ho Chi Minh City on priority fields; criteria, conditions, and content of innovative start-up activities.
Income from capital transfer and capital contribution rights specified in this Clause is income earned from transferring part or all of the capital and capital contribution rights to creative start-up enterprises in Ho Chi Minh City ( including cases of business sale), except income from transfer of stocks, bonds, fund certificates and other securities according to regulations.
In case of selling an entire one-member limited liability company owned by an organization in the form of transferring capital attached to real estate, declare and pay corporate income tax according to the real estate transfer activity. product.
In case an enterprise carries out many production and business activities, the enterprise shall determine and account income from tax-exempt activities in this Article according to the provisions of corporate income tax law.
Exemption from personal income tax for individuals with income from transferring capital contributions and the right to contribute capital to creative start-up enterprises in Ho Chi Minh City
During the time Resolution No. 98/2023/QH15 takes effect, individuals with income from transferring capital contributions and the right to contribute capital to creative start-up enterprises in Ho Chi Minh City are exempt from income tax. personal income for this income.
Innovative start-up enterprises in Ho Chi Minh City specified in this Clause must meet the regulations of the People's Council of Ho Chi Minh City on priority fields; criteria, conditions, and content of innovative start-up activities.
Income from capital transfer and capital contribution rights specified in this Clause is income earned from transferring part or all of the capital and capital contribution rights to creative start-up enterprises in Ho Chi Minh City ( including cases of business sale), except income from transfer of stocks, bonds, fund certificates and other securities according to regulations.
In case of selling an entire enterprise owned by an individual in the form of transferring capital attached to real estate, personal income tax shall be declared and paid according to the real estate transfer activity.
Determination of income from capital transfer, capital contribution rights and declaration to tax authorities is carried out in accordance with the law on personal income tax and the law on tax administration.
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