Pursuant to the Circular, the List of projects receiving incentives for enterprises' agricultural and rural investment is compiled according to the principles in which the following projects are entitled to incentives:
- Projects in processing of agricultural produce that use local materials or a lot of employees (at least 100 employees).
- Projects in production of mechanical products, equipment, components of equipment and auxiliary products for the agriculture industry.
- Projects with manufacturing processes which are eco-friendly, consume less energy and reduce emission.
- Projects in forming production linkages to create value chains in the agriculture industry, organic and hi-tech agricultural production projects.
Additionally, the Circular No.04 provides guidance on exemption and reduction of land use fees, land rents and water surface rents as follows:
- Exemption and reduction principles will be subject to Article 10 of the Decree No. 45/2014/ND-CP and Article 18 of the Circular No. 46/2014/ND-CP dated May 15, 2014.
- Documentation requirements and procedures for exemption and reduction of land use fees will be subject to Article 15, 16 of the Circular No. 76/2014/TT-BTC dated June 16, 2014 and Article 8 of the Circular No. 10/2018/TT-BKHDT dated January 30, 2018.
- Documentation requirements and procedures for exemption and reduction of land rents and water surface rents will be subject to Article 14, 15 of the Circular No. 77/2014/TT-BTC dated June 16, 2014.
The Circular No. 04/2018/TT-BKHDT will take effect on January 21, 2019.
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