On April 16, 2015, the Prime Minister signed the Decision No. 12/2015/QD-TTg to attract investment in and operation of coach station in the form of socialization, based on each locality’s resources, a coach station investment, upgrading or expansion project in the form of socialization will be eligible for a support equivalent to at least 20% of the interest rate of loans from a credit institution.
Besides, the Prime Minister also details the incentive policies on operation of coach stations in the form of socialization. In particular, to exempt land rental for a coach station in poor districts prescribed by the Government, land rental exemption will be granted for its whole area; land rental exemption will be granted for the areas of compulsory service items, including areas for passenger embarkation and disembarkation, parking lots for vehicles to await passenger embarkation, lounges for passengers, working offices for the managerial divisions, ticket offices, toilets, roads for vehicles to exit from and enter the stations, internal roads within the stations, and areas for greeneries and flower-gardens. A preferential enterprise income tax rate of 10% for 15 years will be applicable to incomes earned by investors from projects to build new coach stations in areas with particularly difficult socio-economic conditions.
To enjoy incentives, organizations or individuals participating in investment in or operation of coach stations in the form of socialization shall satisfy the conditions such as the conditions on business registration under current regulations; locations of coach stations comply with the master plans on coach stations and are approved in writing by provincial-level People’s Committees; investment activities comply with construction permits granted by competent authorities; investors participating in investment in coach stations in the form of socialization shall ensure that the fund for investment in the form of socialization accounts for at least 70% of the total fund for building a coach station (excluding the expense for ground clearance) and they possess at least 15% of the investment fund for project implementation and have plans for acquiring the remaining amount.
This Decision takes effect on June 01, 2015.
Source: luatvietnam.vn
