KPMG’s Tax Alert – Draft Decree on supporting Industries

November 2021 | KPMG in Vietnam

On 3 November 2015, the Government issued Decree 111/2015/ND-CP (“Decree 111”) guiding the development of supporting industries (“SI”), focusing on a number of business sectors such as textiles – garment industry, shoe – leather industry, electronics industry, automobile manufacturing and assembly industry, mechanical engineering industry and supporting products serving for high-tech industry.

Currently, the Government and the Ministry of Industry and Trade are drafting a Decree amending Decree 111 (“the Draft Decree”) with the aim to clarify some regulations on determination of SI incentives, expanding the list of SI products, and also adding more criteria for entitlement of SI incentive.

Explore further to learn more about how KPMG can help:
— Download English PDF
— Download Vietnamese PDF

Tax and Legal Alerts: Keep up to date with our Tax & Legal Alerts for the latest changes to tax and legal laws relating to your business, the market and professional activities.

Other editions:
— IFRS Conversion Services and Workshops (Link)
— 2021 Tax Audit Support Program (Vietnamese)
— 2021 Year-end Corporate Income Tax Compliance (5 Languages)
— VAT Refund Support (5 Languages)
— Tax incentive for Supporting industries (5 Languages)
— Global Mobility Services (English, Vietnamese)
— Legal Immigration & Employment (English, Vietnamese)
— International Tax Advisory (English)
— Transfer Pricing in Vietnam (English)
— Future-Ready with KPMG: Partnering for Success (English, Vietnamese)
— Future-Ready with KPMG: Partnering for Growth (English, Vietnamese)

Visit KPMG COVID-19 Resource Centre A guide to the business implications of COVID-19.

Download our OnDemand App! A virtual platform providing regular updates, guidance, and other advisory resources for smarter business decisions.