November 11, 1998 |
By
Keith Martin in Washington, DC
OWNERS OF BUILD-OWN-TRANSFER PROJECTS IN VIETNAM will be subject to a flat 10% income tax rate, according to new regulations issued in midAugust. The projects will also qualify for a four-year tax holiday commencing in the first year a project turns a profit, and a 50% reduction in tax rate for the next four years.
