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Circular No. 109/2014/TT-BTC of Ministry of Finance dated October 01, 2010 shall implement various preferential policies towards no duty sector of entry economic zone

The policies are concentrated to financial obligations including preferential enterprise income tax, preferential personal income tax for enteprises and people working in the zone.

Value-Added Tax and special comsuming tax shall be excluded for products and services produced, consumed, imported, or exported from outside to the zone (the exceptional regulations still prevail).

Equipment, products, and service meeting demands of this Circular shll be exempted from importing taxes. The exemption and reduction of land, land-use, and water surface renting shall be governed by Decision No. 72/2013/QD-TTg.

To gain such preferential policies, the zone should meet conditions proposed by Circular No. 109/2014/TT-BTC including the identified borders and assured inspection conditions.

Reported by Thanh Hong – Translated by Vi Bao