Vietnam: Corporate income tax incentives, investment project guidance

Vietnam: Corporate income tax incentives guidance

Guidance—issued as decisions and official letters by the Ministry of Finance and General Department of Taxation—concerns:

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  • The corporate income tax incentive for large-scale projects
  • The requirements for initial applications for investment projects
  • Whether income from trading activities is eligible for corporate income tax incentives
  • Value added tax (VAT) invoices not required for interest payments made to “non-business individuals”
  • VAT invoices and lists of goods and services not required for the transfer of land use rights from non-business individuals
  • Policies for the development of support industries


Read a December 2015 report [PDF 205 KB] prepared by the KPMG member firm in Vietnam: Technical Update (December 2015)


Other topics briefly discussed in this KPMG report include discussions of official letters concerning certain VAT topics (input VAT, claw-back of VAT, treatment of VAT on flight cancellation, VAT on services provided to bonded warehouses); discussions of individual (personal) income tax and the region-based minimum salary; and on import and export duty (export processing enterprises and the number of articles regarding the regulations of industrial zones, export processing zones, and economic zones).

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