Exemption from civil liability in scientific research and technological development

NDO - On the morning of February 19, at the 9th Extraordinary Session, with 454/458 delegates participating in the vote, the National Assembly passed a Resolution on piloting a number of special mechanisms and policies to create breakthroughs in the development of science, technology, innovation and national digital transformation.

This Resolution applies to domestic organizations and individuals and foreign organizations and individuals participating in science, technology, innovation and national digital transformation activities in Vietnam; other relevant organizations and individuals.

Tax incentives for businesses and individuals engaged in science and technology activities

Resolution providing tax incentives for businesses and individuals engaged in science and technology activities.

Specifically, corporate sponsorships for scientific research, technological development and innovation, and expenses for scientific research, technological development and innovation in enterprises are included in deductible expenses when determining income subject to corporate income tax.

Income from salaries and wages from performing scientific and technological tasks using the state budget is income not subject to personal income tax.

Also according to the Resolution, public scientific and technological organizations and public higher education institutions are allowed to establish or participate in establishing enterprises, or contribute capital to enterprises to commercialize scientific research and technological development results owned or assigned to manage and use by such organizations.

Officials and managers working at public science and technology organizations and public higher education institutions are allowed to contribute capital, participate in the management and operation of enterprises, work at enterprises established by such organizations or participate in establishing them to commercialize research results created by such organizations with the consent of the head of the organization.

In case the management officer is the head of a public science and technology organization or public university, he/she must have the consent of the direct superior.

Regarding risks in scientific research and technological development, the Resolution clearly states that organizations and individuals engaged in scientific research and technological development activities are exempted from civil liability when causing damage to the State in the process of performing scientific and technological tasks using the State budget when they have fully implemented relevant procedures and regulations in the process of implementing scientific research and technological development activities.

The organization in charge of implementing a scientific and technological task using the state budget during the implementation process has fully implemented the regulations on management of scientific and technological tasks, the research process and content have been explained but did not achieve the expected results, it does not have to refund the funds used.

Scene of the meeting on the morning of February 19. (Photo: DUY LINH)

Financial support for the construction of the first factory serving semiconductor chip manufacturing

The resolution also provides financial support for the construction of the first factory to serve research, training and production of semiconductor chips.

Accordingly, Vietnamese enterprises investing in the construction of the first factory project selected to manufacture small-scale, high-tech chips for research, training, design, trial manufacturing, technology verification and production of specialized semiconductor chips in Vietnam according to the Prime Minister's request will be supported as follows:

Support 30% of the total project investment directly from the central budget in case the factory is accepted and put into production before December 31, 2030. The total support level does not exceed VND 10,000 billion.

During the preparation and implementation of the project, an annual deduction of more than 10% but not exceeding 20% ​​of the enterprise's taxable income may be made for the enterprise's Science and Technology Development Fund to supplement the project. The total amount of deduction shall not exceed the total investment of the project.

Land is allocated in the form of land allocation without auction of land use rights, without bidding to select investors to implement projects using land.

The Prime Minister decides to select enterprises to perform the above tasks and decides on the specific level of support for those enterprises. Support policies are applied until December 31, 2030.

In addition, the National Assembly Resolution also stipulates the use of the central budget to deploy shared digital platforms and bid for digital transformation projects; financial support for businesses to quickly deploy 5G nationwide; controlled piloting of telecommunications services using low-orbit satellite technology; policies for developing international submarine telecommunications cable lines with capital contributions or as investors by Vietnamese telecommunications businesses.

This Resolution shall take effect from the date of its adoption by the National Assembly. In case there are different provisions on the same issue between this Resolution and other laws or resolutions of the National Assembly, the provisions of this Resolution shall apply. In case other legal documents provide for preferential or more favorable mechanisms and policies than this Resolution, the beneficiaries shall be entitled to choose to apply the most favorable preferential level.

Source: https://nhandan.vn/mien-trach-nhiem-dan-su-trong-nghien-cuu-khoa-hoc-va-phat-trien-cong-nghe-post860609.html