Headlines 25/02/2019 08:50 SA

Science and technology enterprises have access to tariff preferences

Nguyễn Thương

On February 1, 2019, the Government has promulgated the Decree No. 13/2019/ND-CP prescribing science and technology enterprises.

According to the Decree, science and technology enterprises will be entitled to tariff preferences for import and export duties on scientific research, technological development and business activities under regulations on export and import duties.

Science and technology enterprises will be given advantages and exemptions from fees for use of machinery and equipment available in national major laboratories, state-owned technology incubation facilities and sci-tech research institutions.

If costs are incurred from purchases of raw materials, these enterprises will be liable for such costs.

In addition, if science and technology enterprises have achievements that are efficiently transferred and applied in the reality, and have already been recognized by state regulatory authorities, they shall be entitled to subsidies funded by the state budget.

If their achievements are significant for the socio-economic development and national defence and security maintenance, the State will consider purchasing them.

The Decree No. 13/2019/ND-CP is going to be in force on March 20, 2019.

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