- Preferential CIT of 17% shall apply for a period of 10 years for projects implemented in difficult economic areas of Long An province, including Kien Tuong Town; Tan Thanh, Duc Hoa and Thanh Hoa districts.
- 10% preferential CIT applies within 15 years for projects implemented in areas with particularly difficult socio-economic conditions including Duc Hue, Moc Hoa, Vinh Hung, Tan Hung and Long An Border Gate Economic Zones.
Refer to Vietnam Investment Law 2020, No. 61/2020/QH14 dated June 17, 2020.
I. Incentives when investing in industrial parks in Long An province
a. Tax exemption for 02 years, 50% reduction of export tax in 04 years when investing in industrial parks (applicable to all industrial parks) in Long An province.
b. Tax exemption for 04 years, 50% reduction of tax payable in the next 9 years when implementing new investment projects in special investment sectors and professions prescribed in Decree No. 31/2021/ND-CP dated March 26, 2021.
c. Other incentives: Exemption from import duty on imported goods as prescribed in Decree No. 134/2016/ND-CP dated September 1, 2016 and Decree No. 18/2021/ND-CP dated March 11, 2021.
II. Incentives when investing in Long An Economic Zone
a. Incentives on corporate income tax
Corporate income tax rate: 10% tax rate applies for 15 years, then applies 20% tax rate; Tax exemption for 04 years and 50% reduction in the amount of tax payable for the next 09 years.
b. Import and export tax
Exemption from import duty on imported goods as prescribed in Decree No. 134/2016/ND-CP dated September 1, 2016 and Decree No. 18/2021/ND-CP dated March 11, 2021.
c. State land rent
+ Exemption from land rent for 11 years after 03 years of exemption from land rent during the basic construction period.
+ Exemption from land rent for 15 years after the period of exemption from land rent of the basic construction period for projects on the list of investment incentives invested in areas with particularly difficult socio-economic conditions; projects on the list of special investment incentives invested in areas with difficult socio-economic conditions.
+ Exemption from all land rents for projects on the list of special investment incentives invested in areas with particularly difficult socio-economic conditions.