Businesses manufacturing electronic devices are eligible for corporate income tax incentives if their revenue from electronic device manufacturing accounts for at least 70% of their total revenue.
Criteria for eligibility for tax incentives
According to the draft, enterprises undertaking electronic equipment manufacturing projects that are eligible for corporate income tax incentives must simultaneously meet the following criteria:
Revenue from the production of electronic devices accounts for at least 70% of the company's total revenue.
For large enterprises: There must be a research and development department with a minimum of 10 employees holding a university degree or higher, including at least 5 Vietnamese nationals.
For small and medium-sized enterprises: They must have a research and development department with at least 3 employees holding a university degree or higher, including at least one Vietnamese national.
Total expenditure on scientific research, technological development, and innovation must reach at least 3% of average net revenue over three consecutive fiscal years; in the case of enterprises operating for less than three years, the average is calculated over the entire operating period since establishment, but not less than one full fiscal year.
Criteria for foreign-invested enterprises
According to the draft, foreign-invested enterprises undertaking electronic equipment manufacturing projects will be entitled to corporate income tax incentives if they meet the criteria specified in the above regulations.
If a foreign-invested enterprise fails to meet one of the prescribed criteria, it must meet one of the following additional criteria:
Transfer technology to at least one Vietnamese enterprise within 5 years from the date of issuance of the Investment Registration Certificate or the Decision approving the investment policy or a written agreement with the competent state agency.
There are Vietnamese businesses participating in the value chain that simultaneously meet the following two conditions:
Between 20% and 30% of Vietnamese businesses are involved in and execute contracts for assembling, supplying raw materials, components, and providing services directly for electronic equipment manufacturing projects.
At least 20% of the product's cost must be generated by Vietnamese businesses participating in the value chain.
The Ministry of Science and Technology is currently seeking feedback on this draft on the Ministry's online portal.
Source: https://doanhnghiepvn.vn/cong-nghe/de-xuat-tieu-chi-doanh-nghiep-san-xuat-thiet-bi-dien-tu-duoc-huong-uu-dai-ve-thue/20251015115031432
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