Proposed Endowment support for judicial expertise office

18/09/2012
Proposed Endowment support for judicial expertise office
In the draft Decree on detailing the implementation of some articles of the Law on judicial assessment was announced people's opinions, the Ministry of Justice has proposed a number of tax incentives and credits for judicial expertise.

The Ministry of Justice said that to attract organizations and individuals engaged in judicial activities, judicial law stipulates many preferential policies for individuals and organizations involved in this.

Specifically, the Ministry of Justice proposed preferential policy on value added tax, import duty on machinery, equipment and means for judicial activities as prescribed by law for the judicial expertise office.

The judicial expertise offices are exempt from corporate income tax from judicial activity in 4 years, since the taxable income and 50% corporate income tax from assessment activities justice in the next five years.

Judicial expertise office’s income from judicial activity are recommended to apply the corporate income tax rate is 10% during operation.

In addition, the judicial expertise office is dumb from credit loans or post-investment support under the provisions of the State's investment credit. As well as be allowed to raise capital in the form of share capital contribution from the employees in the unit, other legal mobilization of funds through collaboration, links with business, economic organizations, financial institutions key individuals and foreign investment to build infrastructure.