According to the Law on Corporate income tax, the common tax rate applied from 2016 was 20%.
|No.||Tax rate||Provision||The duration of application||Exemption, Reduction from corporate income tax|
|Exemption of corporation income tax||Reduction of corporation income tax|
|15 years from the first year of taxable incomes from investment projects||4 years||50% reduction but not exceed 9 years in subsequent years|
|Incomes of hi-tech enterprises and agricultural enterprises that apply high technologies according to the Law on High Technologies||15 years from the issuing date of the certificate|
– Incomes of enterprises from the execution of new projects of investment in localities facing socio-economic difficulties;
|15 years from the first year of taxable incomes from investment projects||2 years||50% reduction but not exceed 4 years in subsequent years|
III. THE CITY ENCOURAGE ENTERPRISES WITH FOREIGN CAPITAL INVEST IN TRADES AND SERVICES, SPECIFIC FIELDS AS FOLLOWS:
1. Nine main services: finance; banking; insurance; commerce; travel; transport services, port and warehousing; postal service, telecommunications, information technology and media; real estate business, consulting services of science and technology; medical service; educations and training.
2. Industries: High technology; mechanical engineering, electronics – computing; automobile manufacture and assembly; Industries support for the development of this sectors and the processing crystals food industry and pharmaceutical industries.
3. Agriculture: The city is encouraging invest in fields: Production and development trees, animals, forest trees, aquatic animals; biotechnology applications; production and refining of animal, poultry and aquatic animals feed; manufacture machines that server for agricultural production, forestry, fisheries, salt production, food processing machines, irrigation equipment; Development and high-tech incubators; Technical industrial crops services, forest trees; plant protection services, pets; Scientific consulting services, technology about cultivation, animal husbandry, aquaculture, animal health, plant protection.
4. The project building the synchrous infrastructure system with the modern large-scale, such as:
(Source: Department of Planning and Investment of Ho Chi Minh City)