The Ministry of Finance issued Circular 151/2014/TT-BTC on instructions to the enforcement of Decree 91/2014/ND-CP of the Government on amendments and supplements to a number of articles of decrees on tax.
Notably, the circular specifies income tax exemption for some types of incomes: Income from the implementation of scientific research and technological development contracts in accordance with the laws on science and technology, and income from the sale of products made from new technologies applied in Vietnam for the first time in accordance with the laws and the guidelines of the Ministry of Science and Technology.
The Circular takes effect on November 15, 2014. Particularly, the rule is applicable to taxes in the fiscal year 2014.
LH
Đăng ký: VietNam News