Piloting some specific mechanisms and policies for the development of Hai Phong city
Resolution regulating the piloting of a number of specific mechanisms and policies for the development of Hai Phong City (City) on investment management; financial management, state budget; planning, urban, natural resources and environment management; science and technology management, innovation; income of cadres, civil servants, public employees, experts, scientists, talented people, managers, highly qualified workers; establishment and mechanisms and policies in the City Free Trade Zone.
In particular, regarding investment management, the City People's Committee approves investment policies for investment projects to build ports and port areas with an investment capital scale of VND 2,300 billion or more in Hai Phong seaport; approves adjustments to investment policies for investment projects to build ports and port areas in Hai Phong seaport that have been approved by the Prime Minister before the effective date of this Resolution.
The order and procedures for approving investment policies and adjusting investment policies for projects specified in this clause shall be implemented in accordance with the order and procedures for approving investment policies and adjusting investment policies applicable to projects under the investment policy approval authority of the Provincial People's Committee as prescribed by law on investment.
The City People's Committee organizes the management and maintenance of national inland waterways in the City; organizes the management of the operations of inland ports and wharves on national inland waterways in the City.
The City budget enjoys 100% of the fees and charges collected from inland waterways on national inland waterways and from the management of inland ports and wharves in the City. The City is allowed to use the state budget and other legal capital sources to invest in and maintain inland waterways, ports and wharves in the City according to the provisions of law.
The Resolution clearly states that the City shall implement a mechanism to create sources for salary reform according to regulations. After the City budget ensures sufficient sources for salary reform and social security policies issued by the central government during the implementation of this Resolution, the City People's Council shall decide to use the remaining salary reform sources of the City budget and allow lower-level budgets to use the remaining salary reform sources to spend:
The average additional income for cadres, civil servants and public employees working in government agencies, Party and mass organizations managed by the City is based on work efficiency at a level not exceeding 0.8 times the salary scale, position or salary according to job position, title and leadership position.
Income for experts, scientists, talented people, managers, and highly qualified workers working in the City. The level of expenditure is decided by the City People's Council.
Establishment of City Free Trade Zone
The City Free Trade Zone (FTAZ) is an area with defined geographical boundaries, established to pilot outstanding, breakthrough mechanisms and policies to attract investment, finance, trade, tourism, high-quality services to promote exports, industry, research and development (R&D) activities, and attract high-quality human resources.
The Commercial Zone is organized into functional zones, including: Production zone, port and port logistics zone, logistics center, trade - service zone and other types of functional zones as prescribed by law. The functional zones in the Commercial Zone that meet the conditions of non-tariff zones as prescribed by law are guaranteed customs inspection, supervision and control activities by customs authorities and state management activities in the corresponding fields of relevant agencies as prescribed by law.
The authority, order and procedures for establishing a Trade Zone are prescribed as follows:
The City People's Committee decides to establish, expand and adjust the boundaries of the Commercial Zone associated with Dinh Vu - Cat Hai Economic Zone and the Southern Coastal Economic Zone of Hai Phong. The procedures for establishing, expanding and adjusting the boundaries of the Commercial Zone are implemented in accordance with the procedures for establishing, expanding and adjusting the boundaries as for industrial parks under the authority of the Provincial People's Committee as prescribed by law.
The City People's Committee organizes the establishment, appraisal and approval of local adjustments to the City's general planning within the boundaries of the Commercial Area.
The City People's Committee performs the tasks and powers of state management of the Trade Zone according to the regulations on the management of industrial parks and economic zones. The Hai Phong Economic Zone Management Board is an agency under the City People's Committee that directly performs state management of the Trade Zone; manages and organizes the implementation of the function of providing public administrative services and other support services related to investment, production and business activities for enterprises in the Trade Zone.
Land and water surface rental incentives and tax incentives in the Commercial Zone
One of the mechanisms and policies in the Trade Zone mentioned in the Resolution is preferential land rent, water surface rent and tax incentives. Accordingly, investment projects in the Trade Zone are exempted from all land rent and water surface rent for the entire lease term, except for housing construction projects and projects on commercial and service land.
Point a, Clause 1, Article 10 of the Resolution clearly states: Except for investment projects under the investment approval authority of the National Assembly as prescribed by the Investment Law, investors implementing projects in the Free Trade Zone are allowed to carry out special investment procedures in accordance with the provisions of the law on investment in the following industries, occupations and fields: investment in the construction of innovation centers, research and development (R&D) centers; investment in the field of semiconductor integrated circuit industry, technology for designing and manufacturing components, integrated electronic microcircuits (IC), flexible electronics (PE), chips, semiconductor materials; information technology; biotechnology; new materials technology; automation technology; supporting industries for high-tech industries; spearhead industries; energy infrastructure, digital infrastructure; investment in the construction and business of infrastructure of functional areas, trade fair centers, logistics centers, trade centers, dry ports, warehouses and logistics services.
Enterprise income from implementing new investment projects and expansion investment projects arising in the area of the Trade Zone in the industries, professions and fields specified in Point a, Clause 1, Article 10 of this Resolution shall be subject to a corporate income tax rate of 10% for 30 years, tax exemption for 4 years and a 50% reduction in the amount of tax payable for the next 9 years; after the preferential period, a tax rate of 15% shall be applied.
Enterprise income from implementing new investment projects and expansion investment projects arising in the area of the Trade Zone not belonging to the industries, professions and fields specified in Point a, Clause 1, Article 10 of this Resolution shall be subject to a corporate income tax rate of 10% for 15 years, tax exemption for 4 years and a 50% reduction in the amount of tax payable for the next 9 years; after the preferential period, a tax rate of 15% shall be applied.
Determining the time to apply preferential tax rates and the time to be exempted or reduced from corporate income tax shall comply with the provisions of the law on corporate income tax.
Enterprises are allowed to deduct 200% of the actual cost of this activity to determine taxable income for research and development (R&D) activities when calculating corporate income tax. Actual research and development (R&D) costs are determined according to the provisions of the law on accounting.
50% reduction in personal income tax for 10 years for experts, scientists, talented people, managers, and highly qualified workers with income from salaries and wages arising from performing work in the Industrial Zone.
For functional areas in the Trade Zone that meet the conditions of a duty-free zone according to the provisions of law: Goods and services bought, sold and exchanged between functional areas, between foreign countries and functional areas, between functional areas and duty-free zones or with other functional areas in the Trade Zone that meet the conditions of a duty-free zone are subject to tax policies like duty-free zones according to the provisions of the Law on Export and Import Tax, the Law on Special Consumption Tax, and the Law on Value Added Tax. The relationship of buying, selling and exchanging goods and services between functional areas in the Trade Zone that meet the conditions of a duty-free zone and areas outside the Trade Zone, except for other Trade Zones, is an export and import relationship according to the provisions of the law on customs, tax and export and import.
The Resolution takes effect from July 1, 2025./.
Source: https://baochinhphu.vn/thi-diem-mot-so-co-che-chinh-sach-dac-thu-phat-trien-thanh-pho-hai-phong-102250704235706751.htm
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