1. CORPORATE INCOME TAX (CIT)
Pursuant to the Government’s Decree No. 118/2013/NĐ-CP dated 26 Dec. 2013 and other current regulations.
- Newly established enterprises in Bao Minh IP enjoy CIT as follows:
+ CIT Rate of 20%.
+ CIT exemption for 2 years (starting from the first profitable year).
+ CIT reduction of 50% for 4 subsequent years.
- Special CIT exemption and reduction:
CIT Rate Criteria Period
CIT exemption 50% CIT reduction
when CIT exemption period expired
10% Newly established enterprises in:
Locations: with specially difficult socio-economic conditions; Economic Zones, High Tech Zone established under PM’s decision.
Sectors: high technology, scientific research and technology development, investment in development of specially important infrastructure facilities of the State; production of software products.
15 years from the first year of revenue generation (maximum 30 years at PM’s approval) 4 years 9 years Enterprise operating in the field of socialization (education – training, occupational training, health care, culture, sport and the environment) During the whole operation period 17% Newly established enterprise in areas of difficult socio-economic conditions 10 years from the first year of revenue generation 2 years 4 years
2. OTHER PREFERENTIAL POLICIES
Under the current laws and regulations:
- Import Tax exemption for the following goods: machinery, equipment and vehicles as fixed assets, materials for the production of export goods, and construction materials which cannot be made or produce domestically.
- Value Added Tax (VAT) is applied for goods and services circulated and consumed in Vietnam and collected through production, trading and provision of services. Applicable VAT rates are 0%, 5% and 10%. The 0% rate applies to export of goods and certain services, including sales to Bao Minh IP.
3. INVESTMENT SUPPORTING SERVICES
We provide following supporting services:
- Legal procedures:
- Business registration, Tax code registration, registration for certificate seals
- Branch office registration
- Investment certificate license; building permit
- Land use certificate.
- Environmental Impact Assessment
- Firefighting safety approval
- Import and export, customs declaration for machinery for investment, supplies for outsourcing business
- Registration of foreign employees.
- Design & Construction Service: We ensure to implement the entire design and build work of customer’s project professionally with the highest standards and qualifications besides our supporting activities.
- Warehouse: Bao Minh IP has large area for warehouse at reasonable renting price that satisfy customer’s storage needs.
4. OTHER SERVICES
- Foreign Language Training (of English/Japanese/Chinese) and HR Development Center
- Virtual Office Service
- Quality Environmental Consulting Service
- Comprehensive Supporting with Business Matching and Government Advocacy.