[Video] Tax incentives help drive innovative start-ups

Ho Chi Minh City is implementing a range of tax incentive policies to promote its innovation-driven start-up ecosystem, in line with resolutions of the National Assembly and the City’s People’s Council.

Under these policies, innovative start-ups are eligible for corporate income tax exemptions of up to five years under Resolution 98, or a two-year exemption followed by a 50% reduction for the next four years under Resolution 198.

Income derived from the transfer of capital contributions in start-ups is also exempt from tax, thereby encouraging investment.

NDO
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