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PROJECTS INVESTED IN AN IP/EPZ
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CORPORATE INCOME TAX (CIT) |
Tax rate:
- 20%: within the first
10 years since the commencement of production/operation.
Tax holiday:
- Tax holiday within 2
years since earning profits.
- 50% reduction within 4 years afterwards.
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IMPORT TAX |
Commodities:
- To form fixed assets for
all projects in IPs/EPZs: tax holiday for the whole duration of project.
Raw materials and materials:
- Not yet domestically produced for manufacturing in
IPs/EPZs: tax holiday within 5 years.
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EXPORT TAX |
Tax holiday for the whole duration of project. |
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VALUE
ADDED TAX
(VAT) |
-
Goods imported into EPZs and/or imported by export processing enterprises: VAT
0%
- Means of public transportation including bus and electric
tramcars in IPs and EPZs: exemption from VAT
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REMITTANCE TAX |
None |
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