Earlier, the Ministry of Finance submitted to the Prime Minister some measures and policies on tax incentives to promote the application and development of IT in Vietnam.
The Finance Ministry was assigned to discuss with the National Committee on Information Technology Application issuing involving extending tax payment schedules for IT firms.
On the enterprise's income tax, IT service and software will be subject to tax preferences. They will be able to enjoy the preferential tax rate of 10% for 15 years. In special cases, companies that employ more than 1,000 workers, can enjoy the preferences for no more than 30 years, and get four-year tax exemptions and 50% tax reduction for no more than nine years.
On personal income tax, IT workers can enjoy a 50% tax reduction.
At the meeting held on September 2015, the Government required the Ministry of Information and Communications to coordinate with the Ministry of Finance to offer clear guidance on tax incentives for the IT sector.
Accordingly, policies must be built in view of encouraging and developing IT enterprises, not simply satisfying users of services.
The Finance Ministry was assigned to discuss with the National Committee on Information Technology Application issuing involving extending tax payment schedules for IT firms.
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On personal income tax, IT workers can enjoy a 50% tax reduction.
At the meeting held on September 2015, the Government required the Ministry of Information and Communications to coordinate with the Ministry of Finance to offer clear guidance on tax incentives for the IT sector.
Accordingly, policies must be built in view of encouraging and developing IT enterprises, not simply satisfying users of services.
