Investors encouraged in Cầu Treo Border-gate Economic Zone
VNGOP – The investment projects in the Cầu Treo International Border-gate Economic Zone (Hà Tĩnh central province) are exempted from land rent for first 11 years and from income tax for four years since earning the taxable revenue. Their enterprise revenue tax is also reduced half for nine following years.
These above-mentioned tax reduction and exemptions are clearly stipulated in the Statutes on the operation of the Cầu Treo Border-gate Economic Zone just ratified by the PM.
Accordingly, the Government encourages domestic and foreign investors to take part in infrastructure construction of the zone. All investment projects here are granted with highest incentives applied for disadvantaged localities.
The investment projects will enjoy an enterprise revenue tax rate of 10 percent for 15 years since their business activities are started. The employees working within the zone will be given a reduction of 50 percent of their individual income.
Products made, reprocessed and assembled within the zone, using materials, spare parts and semi-products imported from foreign countries will be exempted from import tax for five years since the production begins.
The Government pledges to protect legal interests and rights of all investors who do investment and business activities in the Cầu Treo Economic Zone.
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