Tax Alert – Decision 29/2021/QD-TTg on Special Investment Incentive Mechanism
October 2021 | KPMG in Vietnam
In order to implement the special investment incentive policy to eligible investment projects in accordance with the provisions of Clause 2 Article 20 of the Law on Investment No. 61/2020/QH14 (“LOI No. 68”), the Prime Minister has issued Decision 29/2021/QD-TTg dated 6 October 2021 on the special investment incentive mechanism (“Decision 29”). Accordingly, where an investment project could meet the conditions set therein, a special incentive scheme rather than those available under current tax laws, covering Corporate Income Tax and land and surface rental fee, shall be applied.
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