Completing law on corporate income tax incentives for green growth in Vietnam

Abstract

Green growth advocates the harmonious combination between economic growth, environment protection and human life assurance. In order to reach the goal of green growth, Vietnam applied corporate income tax incentives to stimulate corporations investing in the sectors or fields that are green, clean and eco-friendly. The author analyzes the provisions of corporate income tax incentives according to the provisions of Law on Corporate income tax and relevant laws as well as evaluates the practice of these provisions to identify existed ostacles. On that basis, some directions to improve the law on tax incentives for green growth in Vietnam are proposed.