The enterprises are exempted from import duties for goods imported under the provisions of Decree No. 149/2005/ND-CP dated December 6, 2005 by the Government detailing the implementation of Law on Export and Import Tax and Circular No 59/2007/TT-BTC dated June 14, 2007 by the Ministry of Finance guiding the implementation of export taxes, import duties, tax management for export and import goods
Imported goods in the following cases are exempted from import tax:
1. Goods imported to create fixed assets for the projects of investment preference specified in List A or B Annex I or Annex II (including the districts of Son Dong, Luc Ngan, Luc Nam, Yen The, United Hoac and the industrial zones established by decision of the Prime Minister) issued together with Decree No. 108/2006/ND-CP dated September 22,2006 by the Government detailing and guiding the implementation of some articles of Law on Investment.
2. Tax exemption for import of raw materials, materials for direct production activities of software products which can not be produced in the country.
3. Import duty exemption for goods imported for direct use in scientific research and technological development, including: machinery, equipment, spare parts, materials, means of transport which can not be produced in the country; technology which can not be created in the country; documents, books, scientific journals and electronic information resources in science and technology.
4. Materials, supplies and components imported for production of projects in the portfolio of areas especially investment promotion in List A of Annex I or in the portfolio of areas with extremely difficult socio-economic conditions (Son Dong district) specified in Annex II promulgated at the Decree No. 108/2006/ND-CP dated September 22, 2006 by the Government; or in the fields of manufacturing components, mechanical spare parts, electrics, electronics are exempted from import tax within 5 (five) years from the start of production.
5. Materials, supplies, semi-final products which can not be produced for production under the projects in the portfolio of fields of investment promotion specified in List B, Annex I; semi-final products which can not be produced in the country for the projects in the list of areas of especially investment promotion specified in Annex I List A or areas of extremely difficult socio-economic situation (Son Dong district) specified in Annex II promulgated at the Decree No. 108/2006/ND-CP dated September 22, 2006 of the Government are exempted from import tax within 5 years from the date of commencement the production.
6. Machinery, equipment, facilities, equipment, materials, imports specified in Clause 10 Section II, Part A of the list issued at Decree No. 04/2009/ND-CP dated 14/01 /2009 by the Government on preference, support environmental protection activities.
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Investment Incentives
