Tax preferences still remain for firms changing trading floors
14:34' 13/11/2006 (GMT+7)
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VietNamNet Bridge - The companies that have their stocks transferred from the Hanoi Securities Trading Centre to the HCM City Securities Trading Centre will still enjoy corporate income tax incentives for two years. 

The tax preference doesn’t depend on the time that the firms transfer their shares from the Hanoi to the HCM City Securities Trading Centre, before or after January 1, 2007. 

Previously the Hanoi Securities Trading Centre announced that those that change their trading floors after December 31, 2006 will be no longer enjoy tax incentives. To continue earning the reduction of 50% of corporate income tax, they must still operate at the Hanoi Securities Trading Centre untill the end of 2008. 

Some companies with shares listed at the Hanoi Securities Trading Centre plan to bring their stocks to the HCM City Securities Trading Centre.  

The Vinh Son - Song Hinh Hydro Power Company and Doan Xa Port Company have completed formalities for the change. The Tung Kuang Industrial Zone Company has applied for the change. 

(Source: VNE)

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