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Decree No.04/2018 On Incentives Regulations For Investment In Da Nang Hi-Tech Park

February 25, 2018 | Legal Updates

On 04 January 2018, the government of Vietnam issued Decree No.04/2018/ND-CP on incentive regulations and policies for Danang Hi-Tech Park.

Significant points are as follows:

1.CIT incentives:

-10% tax rate within 15 years for new projects setting up in Da Nang Hi-Tech Park;

-10% tax rate within 30 years for new projects in which the amount of investment is VND 3,000 billion and more;

-Tax exemption for the first 4 years and 50% tax reduction for 9 consecutive years for new projects;

2. Import tax incentives:

-Import tax exemption for goods, machines, equipment used for creating the assets in Da Nang Hi-Tech Park;

-Import tax exemption for goods which can not found in Viet Nam and are materials for operating of new projects.

3. Land rent incentives:

- Exemption of all land rents during the lease term for certain investment projects;

- Non- agricultural land use tax is exempted for during the investment period;

4. Visa:

Investors, specialists and employees that are foreigners, Vietnamese living oversea have worked in Danang Hi-Tech Park and their families will be issued the multiple visa suitable with the purposes of entering and exiting in Vietnam. 

 

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