Incentives for Taxation
Numerous local and foreign companies may be eligible for an array of tax incentives in Vietnam, encompassing reduced CIT rates, tax holidays, and circumstances where CIT can be as low as 10 percent.
Corporate Income Tax (CIT) Incentives
CIT incentives serve as a cornerstone of Vietnam’s allure to foreign investors, extending benefits to both local and foreign investors with the objective of promoting investment in sectors aligned with national development strategies. The types of projects qualifying for CIT incentives, alongside the nature and duration of these incentives, are explicitly delineated within Vietnam’s legal framework, including decrees and circulars.
There are two primary CIT incentives in Vietnam: