INCENTIVES FOR INVESTMENT IN THE FORM OF PUBLIC-PRIVATE PARTNERSHIP
On May 04, 2018, the Government issued the Decree No. 63/2018/ND-CP on investment in the form of public-private partnership, within that, there are many incentives for the form of public-private partnership.
In particular, investors, special purpose entities shall be given the enterprise income tax incentives according to the laws on enterprise income tax; Goods imported for the execution of projects shall have opportunities to approach incentives according to the laws on export and import tax.
Besides, investors, special purpose entities shall be entitled to exemption of land levies for the land allocated by the State or exemption from land rent during the execution of the project according to the laws on land.
What’s more important that, Price, cost of goods, services, other revenues and conditions, procedures for adjustment shall be agreed upon in the project contract according to the principles that benefits of investors, projects enterprises, customers and the State shall be ensured, and these parties concerned shall receive proper conditions to recover their capital as well as gain profits.
When adjusting prices, fees of goods, services and other revenues (if any), the investor or special purpose entity shall send a notice to the intended users for a period of 30 days prior to the date of adjustment.
This Decree takes effect June 19, 2018.
