Tax policies still unapproachable to science-technology businesses in HCMC

Tax policies still unapproachable to science-technology businesses in HCMC

The Ho Chi Minh City (HCMC) Department of Science and Technology has lately launched various activities and policies to support companies to register for a science-technology business (STB) certificate to enjoy preferential conditions. However, these favorable policies seem still out of reach to them.

Research on new products in USM Healthcare Company, specializing in exporting medical equipment, with 100 percent domestic investment capital. Photo by Tan Ba

Science-technology businesses to receive new incentives

The Decree No. 13/2019/ND-CP on preferential policies for science and technology businesses takes effect from this March 20, bringing about various new opportunities for these firms thanks to exemptions from land and water surface rental, income tax incentives, and preferential credit conditions.