Currently, the investment and installation of solar power systems is a trend of people and businesses. With a total of 1,400-3,000 hours of sunshine a year, Vietnam is a country with potential for solar power development. Installing a rooftop solar power system is a good solution to help families and businesses significantly reduce electricity costs and reduce pressure on electricity supply for the Power industry, especially in the hot season.
To create favorable conditions for people to install solar power systems, the government has a lot of incentives for businesses, individuals and households to install solar power systems. Below are the incentives that DHP Law has compiled to send to you.
- The electricity buyer being the Vietnam Electricity Group or an authorized member unit is responsible for purchasing all electricity produced from solar power projects; prioritize exploiting the full capacity and generating power of solar power projects put into commercial operation.
- Mobilizing investment capital: Organizations and individuals participating in the development of solar power projects may mobilize legal capital from domestic and foreign organizations and individuals to invest in the implementation of the projects. solar energy in accordance with current laws.
- Tax advantages:
– Import tax: Solar power projects are exempt from import tax on goods imported to create fixed assets for the project; comply with the current law on export tax and import tax for goods imported to serve the project’s production which are raw materials, supplies and semi-finished products that cannot be produced domestically.
– Corporate income tax: The exemption and reduction of corporate income tax for solar power projects is implemented as for projects in the field of investment incentives in accordance with current tax laws. Enterprises’ incomes from newly invested solar power projects are exempted from corporate income tax for 4 years, reduced by 50% of tax payable for the next 9 years, and enjoy a preferential tax rate of 10% for a period of 15 years. five.
– In case an enterprise producing electricity from a solar power project is an energy production facility from sunlight and meets the criteria of a renewable energy producer from solar energy, it is entitled to incentives. about 10% CIT rate for income from socialization activities…
– Special consumption tax: Solar power projects are not subject to excise tax.
- The advantage has come to the land
Solar power projects, transmission lines and substations for connection to the power grid are exempted or reduced from land use fees, land rents, and water surface rents in accordance with applicable laws. used for projects in the field of investment incentives.
– Based on the planning approved by the competent authority, the People’s Committee of the province shall facilitate arrangement of land fund for investors to implement solar power projects. The compensation and support for ground clearance shall comply with the provisions of current law on land.
- DHP . Law Firm
- Address: No. 09.OT06 Landmark 4, Vinhomes Central Park Urban Area, 720A Dien Bien Phu, Ward 22, Binh Thanh District, City. Ho Chi Minh, Vietnam.
- Phone number for consultation: 0986.938.627
