Investment Incentives Policy

1. The rent and water surface rent: The rent and water surface rent bracket stipulated by the People’s Committee of Thanh Hoa province issued and stable for many years.
The maximum rental period of 70 years, expired on possible extension if investor demand.

2. Exemption from land rent and water surface rent
2.1. Exemption from land rent and water surface rent during construction; free from 11 to 15 years after the project goes into operation, depending on the field of project business lines.
2.2. Exemption from land rent and water surface rent during project implementation for projects in the field of special investment incentives stipulated by the Government.

3. Corporate income tax: Income Applicable to Enterprise from implementing new investment projects.
3 .1. Nghi Son EZ: Apply preferential tax rate of 10% within 15 years, 04-year tax exemption and 50% tax for the next 09 years.
3.2. For investment projects to expand the scale of production, capacity expansion, technological innovation (that meet the criteria prescribed by Decree 218/2013 / ND-CP dated 26/12/2013 stipulating information and guidelines for implementation of the Law on corporate income tax) are selected tax incentives under the project is active for the remaining time (if any), exempt or reduce income tax on the increase due to head Expanding brings. Time of tax exemption or reduction for income taxes increased due to expanded investment by tax holidays, tax reduction applies to new investment projects.

4. Export Tax and Import Tax
Depending on the field of project sectors that investor preferences:
– Tax exemption for goods imported to create fixed assets and means of transport in the technological line service investment projects means carrying workers …
– Import tax exemption for a period of 5 years, since the project goes into production to produce raw materials, supplies, components and semi-finished products which Vietnam can not be manufactured or produced substandard quality.

5. Personal Income Tax
Reduce 50% income tax on income subject to income tax, including Vietnam and foreigners working in the EZ.

6. Other policies
6.1. Policy on prices:
Applying a price policy for goods, services and land rent for investors are institutions and individuals, irrespective of domestic and foreign production activities, trading in Nghi Son Economic Zone .
6.2. Switching losses:
Investors after the tax settlement with the tax authorities that loss shall be carried forward losses to subsequent years; This loss amounts to be deducted from the income subject to corporate income tax under the provisions of the Enterprise Income Tax Law. Time forward losses not exceeding 5 years.
6.3. Depreciation:
Investment projects in Nghi Son EZ applicable asset depreciation fast for fixed assets; The maximum depreciation rate is twice the depreciation of each asset depreciation regime.

7. Support policy of Thanh Hoa province for investment projects in industrial zones 3, 4, 5 – Nghi Son EZ:
Provincial budget support 10% of expenses based leveling settlement documents by the management of Nghi Son economic zone evaluation. The level of support must not exceed 500 million / 01 ha.

Thanh Hoa province has a policy that rewards the organizations and individuals that work to mobilize foreign investment project in the list of sectors to encourage investment in Nghi Son Economic Zone and industrial zones in the province of Thanh Hoa, with the highest award of 500 million.
Nghi Son EZ Management Board committed to guiding and supporting investors to perform simple administrative procedures, quick, convenient and investors accompany during project implementation.