PRIORITIES ON LAND
I. Exemption of Land Leasing Fee, Water Surface Leasing Fee
1. The projects with the land leasing fee and water surface leasing fee exempted for the whole leasing period:
a) The investment projects in the sectors with special investment priorities invested in the locations with special socio-economic difficulties.
b) The projects using the land to construct the accommodation for the workers at the industrial parks according to the projects approved by the competent authorities, the project owners are not permitted to include the land leasing fee into the house leasing fee.
c) Land used for implementing the protective forestation projects.
d) The projects using the land for constructing the science research facilities of the science and technology enterprises if meeting the relevant conditions (if any) including: the land for constructing the laboratory, the land for constructing the experimenting facilities, the land for constructing the testing production facilities.
e) The projects invested by the agricultural cooperative using the land for constructing the office of the cooperative, drying yard, warehouse; constructing the service facilities directly serving for the agricultural, forestry production and aquaculture activities.
f) Land used for constructing the maintenance, repair workshop, parking area (including the ticket area, operation management area, public areas) serving for the public passenger transportation activities according to the regulations of the law on road transportation.
g) Land used for constructing the water supply works including: water exploitation and treatment works, pipeline and the works on the water supply pipeline network and the works supporting for management and operation of the water supply systems (administration office, management house, workshop, material and equipment warehouses).
h) Land used for constructing the infrastructure shared in the industrial park, industrial complex, processing and export areas according to the master plan approved by the competent authority.
2. Exemption of the land leasing fee with term:
a) Exemption of the land leasing fee and water surface leasing fee during the basic construction duration:
The investors will have the land leasing fee and water surface leasing fee exempted during the basic construction duration according to the project approved by the competent authority but not exceeding 03 years since the effective date of the decision on leasing land, leasing water surface. In case the land leasee uses the land for the agricultural production purposes (planting perennial trees) according to the project approved by the competent authority, then the basic construction duration of the tree garden will have the land leasing fee exempted for each kind of tree according to the technical procedures for planting and caring perennial trees issued by the Ministry of Agriculture and Rural Development. The exemption of land leasing fee, water surface leasing fee during the basic construction duration is implemented according to the project which is closely linked to the cases that the State newly leases the land, changes from the land handing over without land use fee to leasing the land, excluding the cases invested into constructing, upgrading, expanding the business and production facilities and re-farming the tree garden on the land area which is being leased by the State.
b) Exemption of land leasing fee, water surface leasing fee after the basic construction duration:
- Exempting for three (03) years: the project under the list of the sectors with investment priorities, for the new production and business facilities of the economic organizations which are displaced according to the plan, displaced due to environmental population.
- Exempting for seven (7) years: The investment project into the locations with the socio-economic difficulties;
- Exempting for eleven (11) years: the investment projects into the locations with especial socio-economic conditions; the investment projects into the list of sectors with special investment priorities; the project in the list of sectors with investment priorities invested in the locations with the socio-economic difficulties;
- Exempting for fifteen (15) years: The project in the list of sectors with investment priorities invested in the locations with special socio-economic difficulties; the project in the list of sectors with special investment priorities and invested in the location with the socio-economic difficulties;
- List of the sectors with investment priorities, the sectors with the special investment priorities; the locations with socio-economic difficulties, locations with the special socio-economic difficulties according to the regulations of the law on investment
- The project with the land handed over by the State with land use fee collected before July 1st 2014 which is still receiving the priorities of land use fee exemption will continue to have the land use fee exempted for the remaining land use duration when moving to the land leasing method.
II. Reduction of land leasing fee, water surface leasing fee
The land leasing fee, water surface leasing fee is reduced for the following cases:
1. The cooperative that hires the land to use for building the production and business facilities will have the land leasing fee reduced 50%
2. The land, water surface hired to use for the agricultural, forestry production, aquaculture activities which suffers from the natural disaster, fire with the damage of less than 40% of the output will be considered to have the land leasing fee reduced respectively to the impact percentage; the damage of from 40% of the output or more will be considered to have the land leasing fee exempted for the year with damage.
3. The land, water surface hired to use for the production and business purposes which are not for agricultural, forestry production, aquaculture activities or not in the economic area, hi-tech industrial park which suffers from the natural disaster, fire, force majeure accident will have the land leasing, water surface leasing fee reduce 50% for the time with production, business interruption.
III. EXEMPTION OF LAND USE FEE
The enterprise, cooperative that invests themselves in constructing the social housing will have the land use fee exempted for the area handed over to implement the project, the project owner is not permitted to include the land use fee into the house leasing, selling price.
IV. PRIORITIES ON ENTERPRISE INCOME TAX
The preferential tax rate for enterprise income tax
1. The preferential tax rate of 10% for 15 years applied to:
a) The income of the enterprise from implementing the new investment project in the locations with special socio-economic difficulties, economic area, hi-tech area;
b) The income of the enterprise from implementing the new investment project into the sectors as follows: science research and technology development; application of high technology in the list of high technologies given with the priorities for investment and development according to the law on high technology; the investments into developing the water plants, power plants, water supply and drainage systems; bridge, road and other specially important infrastructure works decided by the Prime Minister; production of software (in the list of software meeting the procedures on software production according to the regulations of the law); production of composite materials, light construction materials, rare and valuable materials; recycle energy production, clean energy, energy from waste disposal; development of biological technology.
c) The income of the enterprise from implementing the new investment project in environmental protection sector, including: production of environmental pollution treatment equipments, environment monitoring and analyzing equipments; pollution treatment and environmental protection; collection and treatment of wastewater, emission, solid waste; recycling and reusing the solid waste.
d) Hi-tech enterprises, agricultural enterprises applying high technologies.
e) The income from the enterprise from implementing the new investment project in production sector (except the production of goods bearing special income tax, mineral exploitation) and meeting one of two criteria below:
- The project with the investment capital of 6 (six) thousand billion at the minimum, and the disbursement is carried out no more than 3 years since the date of issue of the first investment certificate according to the regulations of the law on investment and has the minimum revenue of 10 (ten) thousand billion VND per year at latest 3 years after the year with revenue;
- The project with the investment capital of 6 (six) thousand billion at the minimum, and the disbursement is carried out no more than 3 years since the date of issue of the first investment certificate according to the regulations of the law on investment and uses regularly more than 3,000 labors at latest 3 years after the year with revenue;
f) The income of the enterprise from implementing the investment project in production sector, except the project that produces the goods bearing special income tax and the project that exploits the minerals with the investment capital of 12,000 (twelve thousand) billion VND at the minimum, and uses the technology which is appraised according to the regulations of the law on high technology, the law on science and technology, and has the total registered investment capital disbursed no later than 5 (five) years since the date of getting the investment license according to the regulations of the law on investment.
g) The income of the enterprise from implementing the new investment project in producing the products in the list of the supporting industry products given with the priorities for development and meeting one of the following criteria:
- The supporting industry product for the high technology according tot eh regulations of the Law on high technology;
- Supporting industry products for producing the products of such sectors as: garment-textile, leather-footwear; electronics - computing; automobile production and assembling; mechanical processing for such products that have not yet produced in the country or can be produced in the country but required to meet the technical standards of EU or equivalent up to January 1st 2015.
The list of supporting industry products with the priorities for development will receive the tax priorities according to the regulations of the Government.
2. Preferential tax rate of 10 % during the operation applies to:
a) Income from operation of business socializing;
b) The income of the enterprise from implementing the social housing investment and trading project to sell, lease the objects regulated in Article 53 of the Housing Law;
The social house regulated in this clause is the house invested by the State or organization, individual under the construction investment economic sectors and meets the criteria on housing, house selling price, house leasing price, objects, conditions to be entitled to buy, lease the social house according to the regulations of the law on housing and the definition of income tax eligible for receiving the tax rate of 10% regulated in this Clause shall not depend on the time of signing the contract on selling, leasing the social house;
c) The income of the enterprise from: planting, caring, protecting the forest; the income from planting, animal raising, aquaculture, processing agricultural and aquatic products in the locations with the socio-economic difficulties; forestry production in the locations with the socio-economic difficulties; production, multiplication and breeding of plants and animals; investment into preserving the agricultural products after harvesting, preserving the agricultural, aquatic products and food including the investments to directly preserve the products directly or the investments for leasing the preservation services for agricultural, aquatic products and food;
d) The income proportion of the cooperative operating in agricultural, forestry activities which are not in the locations with socio-economic difficulties and locations with the special socio-economic difficulties, except the income proportion of the cooperative as regulated in clause 1 Article 4 of Decree No. 218/2013/NĐ-CP dated 26/12/2013 by the Government.
3. The preferential tax rate of 15% applied to:
The income of the enterprise in planting, animal breeding, processing in agricultural and aquaculture sectors in the locations which are not the locations with socio-economic difficulties or the locations with special socio-economic difficulties.
4. The tax rate of 20% for 15 years applied to:
- The income of the enterprise from implementing the new investment projects in the locations with socio-economic difficulties.
- The income of the enterprise from implementing the new investment projects in: high-ranking steel production, producing energy-saving products; producing machines, equipments serving for agricultural, forestry, fishery activities; producing the irrigation equipments; producing and processing foods for livestock, poultries, aquatic products; developing traditional industry;
Since January 1st, 2016, the tax rate of 17% is applied.
5. The time for applying the preferential tax rate: Applied continuously from the first year with the income from the new investment project; for the high technology enterprise, enterprise applying high technology, it will apply from the date of being certified as the hi-tech enterprise or the enterprise applying high technology; for the high technology application project, it will be applied from the date of being granted with the certificate of high technology application project.
V. Tax exemption, tax reduction
1. Tax is exempted for 4 years and reduced 50% for the next 9 years for:
- The income of the enterprise implementing the new investment project in the locations with special socio-economic difficulties, economic area, hi-tech zone;
- The newly established enterprise in socialized sector in the locations with the socio-economic difficulties or special socio-economic difficulties.
2. The tax is exempted for 4 years and reduced 50% for the next 5 years for the newly established enterprise in socialized sector in the locations which are not in the list of the locations with socio-economic difficulties or special socio-economic difficulties.
3.The tax is exempted for 2 years and reduced 50% for the next 4 years for:
- The income from implementing the new investment project of the enterprise specialized in planting, animal breeding, processing in the agricultural and fishery sectors in the locations which are not the locations socio-economic difficulties or special socio-economic difficulties;
- The income of the enterprise from implementing the new investment project in the locations with socio-economic difficulties;
- The income of the enterprise from implementing the new investment project in: high-ranking steel production, producing energy-saving products; producing machines, equipments serving for agricultural, forestry, fishery activities; producing the irrigation equipments; producing and processing foods for livestock, poultries, aquatic products; developing traditional industry;
- The income of the enterprise from implementing the new investment project in industrial park.
4. The time for tax exemption, tax reduction: Applied continuously from the first year with the income from the new investment project that receives the preferential tax; in case there is no income in the first three year, then since the first year with the revenue from the new investment project, then the time for tax exemption, tax reduction is from the forth year. The time for tax exemption, tax reduction for the high technology enterprise, agricultural enterprise applying high technology is calculated from the time of being verified as the high technology enterprise, agricultural enterprise applying high technology.
In case, during the first tax calculation period that the new investment project of the enterprise has the production and business time to have the tax exempted, reduced of less than 12 (twelve) months, then the enterprise is entitled to choose to have the tax exempted, reduced for the new investment project right from the tax calculation period or register with the taxation agency to have the time for starting tax exemption, reduction from the next tax calculation period.
INVESTMENT ENCOURAGEMENT AND PRIORITY POLICIES FOR THE SOCIALIZED SECTOR
Implementing according to Decree No. 69/2008/NĐ-CP dated 30/5/2008 by the Government and Decree No. 59/2014/NĐ-CP dated 16/6/2014 by the Government on amending and supplementing some articles of Decree No. 69/2008/NĐ-CP dated 30/5/2008 by the Government on the socialization encouragement policies for the activities in education, health, vocational training, cultural and environmental sectors.
INVESTMENT ENCOURAGEMENT AND PRIORITY POLICIES FOR AGRICULTURAL AND RURAL SECTORS
Implementing according to Decree No. 210/NĐ-CP dated 19/12/2013 by the Government; Circular No. 05/2014/TT-BKHĐT dated 30/9/2014 by Ministry of Planning and Investment; Circular No. 30/2015/TT-BTC dated 09/3/2015 by Ministry of Finance.
OTHER SUPPORTS
1. Supports in providing information, consultancy in investment and business procedures:
a) Being provided free of charge information on the investment environment; information on the sector planning, investment sector, land fund approach.
b) Being supported and advised free of charge on the procedures for enterprise establishment, establishment of commercial and travel office inside and outside the country, documents for administration procedures during the investment preparation (decision on investment policy, construction permit, the certificate of land use right, environmental impact assessment, fire fighting and fire prevention) through the. Investment Promotion Center, Commerce and Tourism of Binh Phuoc.
c) Being supported free of charge on the procedures for issuing the Work Permit, issuing and extending the visa; supports in legal issues and solving the difficulties during the operation.
2. Being supported in investment, trade and tourism promotion:
a) Receive the partial financial support for the investors of the infrastructure for industrial park, industrial complex when carrying out the investment promotion activities.
b) Receive the partial financial support for participating in the exhibition and fairs to expand the market, build the trademarks for the key products of the province.
c) Receive the partial financial support for constructing the signal, instruction system for the tourists; publishing the publications, organizing the conferences in tourism promotion.
d) Receive the support free of charge for advertising and introducing the enterprise, introducing the products on the website of the Provincial People’s Committee, Department of Planning and Investment, Center for Investment, Trade and Tourism Promotion.
3. Receive support for labor training:
The Provincial People’s Committee provides the preliminary and regular vocational training of less than 03 months for the labor to meet the demands for the production of each enterprise.
4. Receive support in interest rate:
The Provincial People’s Committee provides the support in the interest rate to the credit organization to some investment projects following PPP to construct the key infrastructure works of the province. The support for each project, the list of supports shall be according to the Decision by Provincial People’s Committee.
VI. LIST OF INVESTMENT PREFERENCE LOCATIONS
a) Extremely difficult socio-economic locations, including districts: Loc Ninh, Bu Dop, Bu Dang, Bu Gia Map, Phu Rieng.
b) Difficult socio-economic locations, including districts: Dong Phu, Chon Thanh, Hon Quan, Binh Long, Phuoc Long, Industrial parks are established according to government regulations.
VII. INCENTIVE IN THE AREA OF SOCIALIZATION
1. The field of socialization of education and training, vocational training, health care, culture, physical training and sports, the environment and judicial expertise: To ensure compliance with the criteria specified in Decision No. 1466 / QD- TTg dated 10 October 2008 and Decision No. 693 / QD-TTg dated 06 May 2013 of the Prime Minister on the detailed list of types, criteria, scale and standards of social facilities. In the field of education - training, vocational training, health, culture, sports, environment, judicial expertise.
2. The field of socialization of investment and operation of car terminals: According to the Decision No. 12/2015 / QD-TTg of April 16, 2015 on mechanisms and policies to attract the investment in and operation of car terminals.
3. In addition to the preferential policies and general investment support of the province, the establishments shall also enjoy investment incentives on land rent, deduction of compensation, site clearance and incentives for The area of socialization of investment and exploitation of car terminals.
Apart from general investment incentive policies, investment in socialization also enjoys preferential land tax rates higher than the old regulations. The highest level is free of all land rent. The lowest level is the exemption of 10 years land rental for investment projects in urban areas.
4. To step up the building of infrastructure outside the fences of industrial parks, economic zones and industrial clusters.
5. Advertising support
Within 03 (three) years, since investment projects in the list of industries calling for and attracting investment from Binh Phuoc province came into operation, domestic and foreign enterprises invested in Binh Thuan province. Phuoc is supported the cost of advertising products under the Law on Advertising on the mass media of the province (Radio Binh Phuoc and Binh Phuoc Newspapers), the support level is not more than 02 million VND / time and no more than 06 times a year;
Free support in advertising, introduction of images of enterprises, product introduction on the website of the provincial People's Committee, the Department of Planning and Investment, the Center for Investment Promotion, Trade and Tourism.
Provide basic vocational training and vocational training for less than 3 months for laborers.
VIII. TIME TO SETTLE ADMINISTRATIVE PROCEDURES
Committed to shorten time, solving administrative procedures and applying the inter-agency one-stop-shop mechanism as a focal point for receiving and processing dossiers and procedures at the provincial / municipal Planning and Investment Services and Economic Zone Management Boards. . The time limit for settling investment procedures inside and outside the industrial zone shall be shortened to a maximum of one third of the prescribed time of the Central Government./.
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