Many incentives when establishing science and technology enterprises

Exemption of income tax for 4 years, 50% reduction in 9 years and enjoy corporate income tax rate of 10% during the validity of the certificate of science and technology enterprises.

That is one of the many incentives that science and technology enterprises enjoy.

The above information was informed by Mr. Tran Van Tung, Director of the Organization and Personnel Department (Ministry of Science and Technology) at the conference 'Guidance on the establishment of science and technology enterprises and introduction of programs to support the implementation of decree 115/2005 / ND- CP and Decree 80/2007 / ND-CP 'held on October 22 in Ho Chi Minh City.

Representatives of many science and technology enterprises said that although they received many incentives, they still faced many difficulties . (Photo: ML).

In the introduction to the program to support transition organizations under Decree 115 and Decree 80, Mr. Tran Van Tung said that there are many incentives that science and technology enterprises will enjoy when they are established.

Specifically, in addition to tax incentives, science and technology enterprises are also entitled to incentives for land rent and land use in the lease and use of land; incentives for funds from science and technology development funds; At the same time, registration fee is exempted when registering land use rights, home ownership as well as using research equipment at national key laboratories, using free services of nursery facilities. create technology and create businesses created by state agencies.

Explaining the questions of a number of delegates attending the conference on the need to establish science and technology enterprises as well as the differences between science and technology enterprises and other enterprises, Director Tran Van Tung said that science and technology enterprises must be real currently incubating and mastering technology from science and technology results. The technology must then be transferred or directly produced on the basis of the technology created and mastered.

At the same time, it is allowed to use or legally use specific areas such as information - communication technology, especially informatics software technology; biotechnology, especially agricultural - aquatic - medical services; automation technology, new materials, nano, environmental protection; energy technology, universe and some other technologies.

Accordingly, the process of establishing science and technology enterprises, registration and accreditation procedures was also introduced at the conference.

Specifically, for individuals and organizations that establish new science and technology enterprises, they must register to establish enterprises under the Enterprise Law and register for recognition of science and technology enterprises at the Department of Science and Technology.

However, for science and technology organizations transformed into science and technology enterprises, it is necessary to formulate a project to be a science and technology enterprise and submit it to a competent state agency for approval before registering and establishing a science and technology enterprise.

Although receiving many incentives when setting up science and technology enterprises, however, speaking at the conference, many individuals and organizations said that they still face difficulties in the process of registering and recognizing the establishment of businesses. science and technology

Even some science and technology enterprises are recognized as 'outstanding' such as Thuy Phuong High Quality Food Processing Joint Stock Company, Ba Ria - Vung Tau Urban Drainage and Development Company. said difficulties in enjoying tax incentives etc. when operating under the mechanism of science and technology enterprises.