The text also clearly state when the project goes into operation, the PPC will process the prime consideration for enjoy corporate income tax of 10% for the duration of the project.In the process of production and business activities, after tax with the tax authorities, if loss, the business was moved to the years following losses to except on taxable income. The time switch holes no more than 5 years.In addition, this unit was reduced 50% personal income tax for high income earners, bap including regular income and not regular (including Vietnam and foreigners) working at Vung Ang economic zone.Formosa is also tax free importation of machinery, equipment and transport means to create fixed assets of the project. In addition, Formosa was also imported taxes for 5 years, since the start of production for the production of raw materials, materials, semi-finished products and components are imported in the country have not produced.In the text also clearly Formosa are tax-exempt land 15 years from the date the lease of land legal effect. Land leasing period stated in the text is 70 years. Upon expiry of the land lease, if there is demand, Formosa will be priority continue to land rental, land lease policy is applied according to the legal provisions Vietnam at that time.About supporting the cost of advertising, this unit reduces 50% of the cost of newspaper ads and radio Ha Ha Tinh tv for the new products of the plant during 1 year.Quang Phong
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