Binh An Industrial Park

Binh An Industrial Park

1. INTRODUCTION

– Decision No. 1722/TTg-CN, dated 17/12/2003 by Prime Minister to establish Binh An Textile and Garment Industrial Park based on Binh An Textile and Garment Industrial Zone.

– Investment Certificate No. 1502/QĐ-UB, dated on 04/03/2004 by Binh Duong People’s Committee to establish Textile and Garment Industrial Park and to approve the project on investing infrastructure construction for Binh An Textile and Garment IP, Binh Duong.

– Decision No. 963/QĐ-BXD, dated on 21/06/2004 by Ministry of Construction and decision No. 2010/QĐ-UBND, dated 13/07/2010 by Binh Duong People’s Committee about “Approval master plan in detail” for Binh An Textile and Garment IP.

2. STRUCTURE OF LAND USE

– Total Investment: 98,777 billion VND.

– Leasing Industrial land : 18,8 ha.

– Infrastructure facilities: in constructing.

– Plant for Centralized wastewater treatment: daily capacity 400m³_.

– Total implementing capital: 95,352 billion VND.

– Re-Leased land: 18,06 ha, filled land percentage 96,04 %

III. Housing investment project for industrial park workers and low-income housing in urban areas:

1.     Exemption from land use levy, land rental (Pursuant to the Decree No. 46/2014 / ND-CP dated May 15, 2014 of the Government)

Enterprises are exempt from land use levy and land rental for the entire lease term.

2. Corporate income tax {Clause 1, Article 15, Decree No. 218/2013 / ND CP dated December 26, 2013 of the Government)

The tax rate of 10% is applied to the enterprise’s income from implementing projects on social housing investment and business for sale, for lease, or for lease purchase with the subjects specified in Article 53 of the Law on Housing.

Social houses specified in this Clause are houses built by the State or organizations and individuals of all economic sectors and meet criteria for housing, selling prices and rental prices, rental purchase price, the objects, the conditions to be purchased, leased or buy social house in accordance with the law on housing and the income determination is subject to the 10% tax rate. This Clause does not depend on the time of signing the sale, lease or lease purchase social housing contract;

3. Import tax (Pursuant to the Government’s Decree No. 134/2016 / ND-CP dated September 1, 2016).

Import tax exemption for imported goods to create fixed assets for enterprises according to regulations.