How to Apply for Investment Tax Incentives in Vietnam
Tax incentives aren't a separate application — they're determined by, and applied through, the same investment approval documents a project already holds: the Investment Policy Approval Decision, the IRC, or the Investor Approval Decision.
Table of Contents
The Incentive Rides on the Investment Approval
Under Article 17 of the Investment Law 2020, as guided by Article 23 of Decree 31/2021/ND-CP, tax incentives aren't something a company files for independently after the fact — they're specified in the project's own investment approval documents from the start.
What the Incentive Is Based On
The form, basis, and conditions for applying the incentive come from whichever investment document the project actually holds.
- A Decision approving investment policies.
- An Investment Registration Certificate (IRC) — see the form/basis/conditions in Articles 15 and 16 of the Investment Law and Article 19 of Decree 31/2021/ND-CP.
- A Decision approving investors (for projects that go through this route instead).
Process
Once the incentive basis is established in one of the documents above, the investor applies it directly.
- Based on the incentive content already stated in the Investment Policy Approval Decision, IRC, or Investor Approval Decision, the investor carries out the procedure to actually receive the incentive at the relevant applying agency.
- Investors can self-determine which investment incentives apply based on Article 19 of Decree 31/2021/ND-CP and related provisions, then carry out the procedure at the agency that applies that specific incentive.
Legal basis: Law on Investment 2020, Decree 31/2021/ND-CP. Content last verified 2026-07-29.
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