Proposal to allow research and development costs to be calculated at 200% of actual costs

The draft law adds the concepts of "green technology" and "contactless CGCN" to match world trends and practices.

The above draft law is being appraised by the Ministry of Justice , focusing on 6 policy groups to create motivation, control and enhance state management capacity on technology transfer.

Accordingly, the subject of technology appraisal is expanded, not only in investment projects, but also in other cases upon request. The concepts of "green technology" and "contactless CGCN" are added to suit world trends and practices.

The second policy group is to support and promote endogenous technology transfer, including technology transfer between domestic enterprises/organizations and individuals, and commercialization of research and development results. Specifically, regulations on technology transfer rights are specified, including the establishment, recognition and protection of technology ownership rights, reducing risks for related parties, especially for technologies that are not registered for intellectual property protection...

Regarding the national technology innovation program and the National Technology Innovation Fund to continue implementing activities to support technology transfer, including endogenous technology transfer, the completely new content is the regulation: The State purchases and disseminates technology to serve the purpose of research and application for social and public interests (such as health ), promoting endogenous technology transfer, developing the supply and demand of technology in the science and technology market.

The fourth policy group is to create financial, institutional, and legal incentives for technology transfer activities. The provisions of Resolution No. 68-NQ/TW of the Politburo on private economic development are institutionalized in Article 35 of the draft law, allowing enterprises to calculate research and development costs equal to 200% of actual costs into deductible expenses when determining taxable income.

Incentive and preferential policies according to the level of technology reception and development (application and operation; mastery and improvement; innovation and development) are also more clearly defined, creating more attractive incentives for businesses to invest in technology transfer and innovation.

The remaining two policy groups are to strengthen control of cross-border technology transfer to both control technology security, promote effective international technology transfer, and strengthen state management capacity, monitor, collect statistics, and measure the effectiveness of technology transfer. The draft specifically states the technologies that are encouraged to be transferred, including from abroad to Vietnam and from Vietnam to abroad through tax incentives, credits, and market promotion costs.

MR. PHUONG

Source: https://www.sggp.org.vn/de-xuat-cho-phep-tinh-chi-phi-nghien-cuu-va-phat-trien-bang-200-chi-phi-thuc-te-post811357.html