Circular No. 151/2016/TT-BTC guiding operation mechanism for enterprises and employees in enterprises in national security and defense as stipulated under the Decree No. 93/2015/ND-CP dated October 15, 2015 of the Government on management organization and operation of enterprises in national defense and security was issued by the Ministry of Finance on October 17, 2016.
According to this Circular, in the course of operation, enterprises in national security and defense are entitled to enjoy some of the following financial policies: To be exempted from land rentals, land use charges and land use tax for land area that is used for national defense and security tasks; To be accounted some of expenses into business production expenses and shall be deducted when determining taxable income (expenses for paying wages, paying for social insurance for employees during the time of preparing for retirement; payment for discharge from the army, work cessation…).
Besides, education establishments under the management of enterprises in national security and defense that classes are not as available as public system shall be supported up to VND 200 million/class; enterprises in national defense and security located in extremely difficult areas and far away from health centers as stipulated by the law that need to maintain polyclinics shall be supported with the maximum expenditure is VND 500 million/ 1 polyclinic.
This Circular takes effects on January 01, 2016.
