[Video] For the first time, businesses are not limited in spending from the Science and Technology Fund

All expenditure on R&D and innovation will be included in eligible expenses when determining taxable income.

Previously, enterprises were only allowed to allocate a maximum of 10% of their taxable income to the Science and Technology Fund, a figure much smaller than the total revenue of the enterprise and not enough to motivate innovation.

This "unleashing" is expected to help businesses increase investment in R&D by 10-20 times.

Source: https://nhandan.vn/ video -first-time-business-not-limited-by-limits-from-science-and-technology-post872977.html