Application submitted for confirmation of incentives for supporting industrial products

 

 

 

 

Application for confirmation of incentives for supporting industrial products

 

I. Incentive confirmation documents

 

Incentive confirmation dossier for projects producing supporting industrial products in the List of priority supporting industrial products for development includes:

1. Document requesting confirmation of incentives: This is an important part of the dossier, issued according to Appendix 2 attached to Circular 55/2015/TT-BCT. Reference link
2. Certificate of Business Registration or Certificate of Business Registration: This is a document certifying that the business has been registered to operate.
3. Project Description: This component will vary depending on the status of the project.

• In case the project is implemented for the first time or operates independently: Investment (project) report according to current regulations on investment and construction.
• In case the project is in production:
• Description of current status of production process, facilities (factory), machinery and equipment (list and capacity of specialized machinery and equipment for main stages suitable for the products and scale of production of the facility; measuring and quality control equipment); production capacity; Independent audit report of the most recent year before the time of submitting the application for confirmation of incentives (or financial report).
• Description of investment in expanding scale, technological innovation with application of new equipment, new production process according to current regulations on investment and construction with production capacity increased by at least 20%.
• Decision approving environmental impact assessment report(for new investment projects) or commitment to protect the environment according to environmental protection laws or confirmation of completion of works and environmental protection measures (for operating projects).
• Certificate of conformity to European Union technical standards or equivalent: This is a certificate that the product meets the technical standards issued by the European Committee for Standardization CEN - European Committee for Standardization or equivalent standards.

 

II. Authority to confirm incentives

 

The competent authority confirming incentives for the Project of manufacturing supporting industrial products in the List of supporting industrial products prioritized for development is:

• For small and medium enterprises: The competent authority of the locality where the project is implemented or the Ministry of Industry and Trade.
• For the remaining subjects: The Ministry of Industry and Trade.

 

 

III. Time limit for settlement

 

The time limit for processing the confirmation of incentives for the Project of manufacturing supporting industrial products in the List of supporting industrial products prioritized for development is stipulated as follows:

• Within five (05) working days, the competent authority will check the validity and completeness of the dossier. If the dossier is incomplete or invalid, the competent authority will notify the organization or individual to supplement and complete the dossier.
• Within fifteen (15) working days, the competent authority will appraise the contents of the dossier and conduct an on-site inspection if necessary. After that, this authority must issue a written notice of the results of the confirmation of incentives no later than thirty (30) working days.

 

IV. Who can apply?

 

The dossier confirming incentives for projects manufacturing supporting industrial products in the List of priority supporting industrial products for development can be used by:

• Small and medium-sized enterprises wishing to confirm incentives for projects manufacturing supporting industrial products.
• Other entities related to incentives for projects manufacturing supporting industrial products.

 

V. Application instructions

 

The application for preferential treatment is one of the important documents to obtain the necessary benefits from the government or competent organizations. This can be done through three different ways of submitting the application, including directly submitting to the competent authority, by post or online.

Before submitting the application, individuals or organizations need to check and ensure that all the requirements are met and are complete according to the regulations of that agency. This helps increase the chance of your application being approved and achieving the desired purpose.

If you decide to submit the application directly to the competent authority, you need to go to the address of that agency and look for the department related to preferential treatment registration. You will then be guided to fill in the necessary information and submit the application.

However, if you cannot go directly to that agency, you can choose to submit the application by post. You need to send your application to the address provided by the competent authority and ensure that all relevant information is clearly stated on the package to ensure smooth confirmation and processing.

In addition, another method is to submit the application online. This requires you to access the website or application provided by the registration authority and fill in all the required information on the website. Once completed, you need to wait for confirmation from the authority to know whether the application has been approved or not.

However, no matter which method you use to submit your application, you must always comply with the regulations and procedures of the registration authority. In addition, copies of the application must be sealed and clearly state the information related to the organization or individual applying for the incentive to ensure the authenticity and legality of the application.

By following the correct regulations and procedures, you can increase the chances of your application being approved and achieving the desired benefits from the competent authority.

 

VI. Conclude

 

The dossier confirming incentives for the Project to produce supporting industrial products in the List of priority supporting industrial products for development is an important and complicated process. Preparing complete and accurate dossiers is necessary to ensure that the Project will receive the desired incentives. This process requires small and medium-sized enterprises to prepare complete and accurate dossiers according to the regulations of the competent authority. Doing this will help ensure that the Project receives the expected incentives and contributes to the development of the supporting industry. Therefore, small and medium-sized enterprises need to work carefully and comply with the regulations of the competent authority to get the best results for their projects.

There are still many questions from enterprises surrounding the issue of product codes that are eligible for incentives when submitting dossiers to the Ministry of Industry and Trade and many enterprises also have the problem of not knowing whether their enterprise meets the requirements to enjoy corporate income tax incentives or not? If you need advice, please contact the experts of Tam Viet Tax!

We are confident with many years of experience in helping dozens of Vietnamese and foreign enterprises including Japan, Korea, Taiwan, China... to enjoy tax incentives successfully and receive tax refunds in the shortest time. 100% of our customers are satisfied with Tam Viet Tax's services and are willing to introduce them to other partners.

 

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