Thursday, August 02, 2012

Vietnam oil refinery receives 4-year tax exemption

Dung Quat, Vietnam’s only oil refinery, received various tax incentives from the government last week, including a four-year income tax exemption. Apart from the exemption, Binh Son Refining and Petroochemical Co, which runs the 130,500 bpd refinery, only needs to pay half its corporate tax for the first nine years after it begins earning taxable incomes.

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