Tran Thi Nhu Quy - Junior Associate

To qualify for the incentives, enterprises must meet the following conditions:

1. Compliance with the Criteria by Resolution 59/2024/NQ-HDND

The enterprise must be engaged in the semiconductor sector as specified in Article 4 and must fully meet the conditions stipulated in Article 6 of this Resolution.

The enterprise must be engaged in the artificial intelligence (AI) sector as specified in Article 5 and must fully meet the conditions stipulated in Article 7 of this Resolution.

2. Certification from the Competent Authority: The enterprise must complete the required procedures and obtain official written certification from the Department of Information and Communications recognizing it as a semiconductor or artificial intelligence enterprise.

Conditions for Employees Working in Semiconductor and AI Sectors to Receive Incentives under Resolution 136/2024/QH15

Individuals wishing to receive incentives must meet both of the following conditions:

1. Employment Contract or Expert Leasing Contract: The individual must have a labor contract or a contract as a leased expert with an enterprise that has received official recognition as a semiconductor or AI enterprise. The contract must comply with labor regulations and must specify the position and responsibilities related to design, manufacturing, packaging, or testing within the semiconductor or AI enterprise.

2. Supporting Documentation: There must be documentation proving the individual's involvement in activities such as design, manufacturing, packaging, or testing at the semiconductor or AI enterprise.

Pilot Duration of Special Mechanisms and Policies for City Development

The pilot implementation of specific mechanisms and policies as outlined in Chapter III of Resolution 136/2024/QH15 will be conducted over five years. Upon the completion of the pilot period, the continuation of these mechanisms and policies will proceed as follows:

1. Projects, policies, and subjects already approved by competent authorities under the mechanisms and policies of this Resolution that have not yet concluded may continue implementation based on issued decisions.

2. If the tax exemption period for entities specified in points a, b, and c, Clause 1, Article 14 of the Resolution has not ended, it shall continue until the end of the exemption period.

Here is our advice on Conditions for semiconductor and artificial intelligence enterprises in Danang to receive tax incentives under Resolution 136/2024/QH15. If you are interested or need legal consulting support regarding the above conditions. Please visit our DIMAC Website and other News Category to get the latest updates on legal advice and market experience sharing.