The investment projects in Ca Mau city are applied to get preferential policies under the “investment incentives” policies as follows:
1- Exemption, reduction for land rent, water surface rent:
a) Exemption of land rent is applied for projects on construction of apartment buildings for workers in industrial zones; projects for public construction works for business purposes (social purposes) in the fields of education, health, culture, physical training, sports, science and technology;
b) Exemption for land and surface rent during construction period according to the projects approved by competent authorities.
c) From the date that projects are completed and put into operation:
- Exemption for land rent, water surface rent is applied within 15 years for agricultural projects under Decree No. 210/2013/ND-CP and other projects in the field of special investment incentives issued together with Decree No. 108/2008/ND-CP.
- Exemption for land rent, water surface is applied within 11 years for projects which aim to encourage agriculture in accordance with Decree No. 210/2013/ND-CP and other projects in the field of investment incentives are issued. Accompany with Decree No. 108/2008/ND-CP.
- Exemption for land rent, water surface rent is applied no more than 7 years for other projects.
2- Exemption, reduction of land use fees.
- Exemption of land use fees for projects on construction of condominiums for industrial zone workers or projects for public construction works for business purposes in the fields of education, health, sport (socialization).
- Reducing 70% of land use levy on agricultural investment projects if the State allocates land under Decree No. 210/2013/ND-CP.
- Reducing 50% of land use fees for projects in the field of agriculture encouraging investment under Decree No. 210/2013 / ND-CP and projects in the special preferential investment field issued together with the Decree 108/2008/ND-CP.
- Reducting 30% of land use fees for projects in the field of investment incentives.
- Reducting 20% of land use fee for other projects.
3-Tax rate and reduction, exemption of corporate income tax
3.1 Tax rate:
a) 10% tax rate during operation period is applied for the income which related to education, vocational training, health care, culture, sports and environment (collectively referred to as socialization) as well as the enterprise's income from plantation, tending, forest protection, agro-forestry and aquaculture; production, artificial and hybrid plants and animals; Investment in post-harvest agricultural products, seafood and food.
b) The tax rate of 10% is applied within 15 years, started from when the new investment project generates turnover (particularly for hi-tech enterprises, started from the date of being granted the certificate of being a high technology enterprise), in the field of:
- High technology according to the provisions of law; scientific research and technological development; To invest in developing specially important infrastructure of the State according to the provisions of law; Producing software products; production of composite materials, light building materials; production of renewable energy, clean energy; development of biotechnology; environmental Protection; etc.;
- The manufacturing sector (except for production projects subject to special taxation, mining) meets one of two criteria:
+ Projects with investment capital of VND 06 trillion shall be disbursed within three years from the date of being granted the investment certificate and generate turnover of VND 10,000 billion/ year after three years of turnover;
+ The project with investment capital of VND 06 trillion, disbursed no more than three years from the date issuing investment certificate and employs over 3,000 workers.
c) The tax rate of 20% is applied within 10 years for enterprises which conduct new investment projects in other fields. The tax reduction period is calculated from the time when the new investment project has revenue.
3.2- Tax exemption and reduction:
a) To be exempted from income tax for no more than 4 years and a 50% reduction of the payable tax not later than 9 subsequent years after the taxable income is generated from the implementation of the new investment project in fields of education, training, health care, culture, sports and the environment (so-called socialization).
b) Exemption for income tax is no more than 2 years, a reduction of 50% of tax payable in the next four years is applied for the enterprises income from new investment projects in other fields from the first year of investment projects. In case of having no taxable income for the first three years which start from the first year of turnover generated from new investment project, the tax exemption or reduction duration shall be calculated from the fourth year.
4- Investment credit and export credit
Investment projects will be considered for loans for investment credit, post-investment support and loans for export credit.
5- Import tax exemption
Import tax exemption is applied on goods, means, machinery and equipment which create fixed assets; raw materials and materials which can not be produced in domestic country; machinery in the technological line or for the manufacture of components, details, spare parts, attachments, molds and accessories to be assembled together with equipment and machinery in accordance with government regulations.
Plant varieties and animal breeds permitted to be imported for implementation of investment projects in the fields of agriculture, forestry and fishery.
Some special machinery, equipment and materials are mentioned under the Government policy.
Commitment of the locality
Ca Mau Provincial People's Committee is committed to creating the most favorable conditions for investors to learn and invest in Ca Mau province.
The province is responsible for clearing the ground, preparing the ground for conditional investors to implement the project quickly. At the same time, consider supporting investment in essential infrastructure such as roads, electricity systems to the fence of industrial parks and projects, etc.
During the operation, local authorities are willing to receive feedback from businesses, investors. Depending on the functions and tasks of the agency, classification, treatment or prompt reporting to the Provincial People's Committee and competent agencies to consider and resolve.
Provincial leaders will periodically organize meetings with enterprises and investors to solve difficulties and problems.