ttipc

TAN THUAN INDUSTRIAL PROMOTION COMPANY - HO CHI MINH CITY, VIETNAM

Tan Thuan Export Processing Zone Saigon South Parkway Saigon South Urban Dredging Soai Rap River Deep-Sea Port About IPC

	About Hiep Phuoc Industrial Park
	Competitive Advantages
	Infrastructure Facilites & Ultilities Provisions
	Prices & Fees
	Tax Benefit for Investors
	Investment Guide

Tax Benefits For Investors

Tax Incentives For Investors:

Withholding Tax On Profits Remitted Abroad
Import Duty Exemption On Capital Goods
Import Duty Exemption On Raw Materials
Import Duty Refund On Raw Materials

Tax Benefits For Investors

Investors in the Hiep Phuoc IP enjoy a wide range of tax benefits including:

- Corporate income tax exemption, reduction and refund upon reinvestment of profits;
- Reduction of withholding tax on profits remitted abroad;
- Import duty exemption on capital goods;
- Import duty exemption on raw materials;
- Import duty refund on raw materials;

Tax Incentives For Investors

Corporate Income Tax Rate, Exemption, Reduction And Refund Upon Reinvestment Of Profits

	Manufacturing Enterprises			Service Enterprises
	Export > 80 % of Production	Export > 50% and < 80 % of Production	Export < 50 % of Production
Enterprises in HPIP	Rate: 10%.	Rate: 10% or 15%.	Rate: 15% or 20%.	Rate: 20%.
	100% Exemption for 4 years commencing from first profit making year.	100% Exemption for 4 or 2 years commencing from first profit making year.	100% Exemption for 2 years commencing from first profit making year.	100% Exemption for 1 year commencing from first profit making year .
	50% Reduction for 4 years after Exemption period.	50% Reduction for 4 or 3 years after Exemption period.	50% Reduction for 3 years after Exemption period.	50% Reduction for 2 years after Exemption period.
	100% or 75% refund upon reinvestment of profits.	100% or 75% refund upon reinvestment of profits.	75% or 50% refund upon reinvestment of profits.	50% refund upon reinvestment of profits.
	Be applied throughout the period of investment project implementation.	Be applied throughout the period of investment project implementation.	Be applied throughout the period of investment project implementation.	Be applied throughout the period of investment project implementation.
Enterprises outside HPIP	Rate: 10% for 15 years, 25% thereafter.	Rate: 15% for 12 years, 25% thereafter.	Rate: 20% for 10 years, 25% thereafter.	Rate: 25%.
	100% Exemption for 4 years commencing from first profit making year.	100% Exemption for 2 years commencing from first profit making year.	100% Exemption for 1 year commencing from first profit making year.	No Exemption.
	50% Reduction for 4 years after Exemption period.	50% Reduction for 3 years after Exemption period.	50% Reduction for 2 years after Exempti on period.	No Reduction.
	100% refund upon reinvestment of profits.	75% refund upon reinvestment of profits.	50% refund upon reinvestment of profits.	No Refund .

Import Duty Exemption On Capital Goods

Foreign-invested enterprises are exempted from import duties on capital goods (equipment and machinery, spare parts, accessories, etc.).

Import Duty Exemption On Raw Materials

Investment projects included in the List of projects where investment is specially encouraged are exempted from import duties on raw materials used for production for a period of 5 years from the commencement of production.

Import Duty Refund On Raw Materials

Import duties paid by foreign-invested enterprises on raw materials are refunded upon export of the finished products, in proportion to the quantity of finished products export.