Industries eligible for corporate income tax incentives

Law on Corporate Income Tax No. 67 takes effect from October 1. One of the points that the business community is interested in is the new regulations on applicable subjects and industries.

The first group to benefit from the new law is small and medium-sized enterprises. According to regulations, the tax rate of 15% applies to enterprises with annual revenue of no more than 3 billion VND; the rate of 17% is for enterprises with revenue of over 3 to 50 billion VND. Regular enterprises still apply the rate of 20%. This policy is expected to help reduce the financial burden on millions of small-scale enterprises - which account for a large proportion of the Vietnamese economy .

The next target is businesses with social and humanitarian activities. The law stipulates tax exemption for businesses with more than 30% of employees being people with disabilities, people with HIV, and people after drug rehabilitation. At the same time, income from vocational training activities for ethnic minorities and children in special circumstances is also given priority for tax exemption.

Enterprises conducting scientific research, innovation, and digital transformation are also exempted from tax for up to 3 years on income from these activities. This is considered an important boost for companies to boldly invest in the field of research and application of new technologies, thereby improving competitiveness.

In addition, businesses participating in environmental protection and sustainable development activities are also eligible for incentives. Income from the transfer of emission reduction certificates, carbon credits, and green bonds is tax-free, aiming to promote the carbon credit market and motivate businesses to participate in green transformation.

Source: https://vtv.vn/doi-tuong-nganh-nghe-ap-dung-uu-dai-thue-thu-nhap-doanh-nghiep-100251002225546447.htm