CIT Rates THREE RATES Standard rate 25%: applicable to and foreign enterprises Special rates from 32% to 50%: applicable to oil and gas industries and precious natural resources Incentive rates from 10% 20%: applicable to encouraged fields of activities (industries) and to location of investment where socio-economic conditions are difficult or specially difficult CIT Rates Incentive Rates – 10% RATE IN 15 YEARS Newly-established enterprises from investment projects in 1. locations where the socio-economic conditions are specially difficult as provided for in Decree 124 Newly-established enterprises from investment projects in 2. economic zones, high-tech zones Newly-established enterprises from investment projects in: 3. (1) high-tech, (2) water plants, power plants, water supply systems, bridges, roads and railways, airports, seaports, (3) computer software products … 33
CIT Rates THREE RATES Standard rate 25%: applicable to and foreign enterprises Special rates from 32% to 50%: applicable to oil and gas industries and precious natural resources Incentive rates from 10% 20%: applicable to encouraged fields of activities (industries) and to location of investment where socio-economic conditions are difficult or specially difficult CIT Rates – Incentive Rates 10% RATE IN 15 YEARS 1. Newly-established enterprises from investment projects in locations where the socio-economic conditions are specially difficult as provided for in Decree 124 2. Newly-established enterprises from investment projects in economic zones, high-tech zones 3. Newly-established enterprises from investment projects in: (1) high-tech, (2) water plants, power plants, water supply systems, bridges, roads and railways, airports, seaports, … (3) computer software products 33