VietlawOnline

blue-check Instructions for use of enterprises’ science and technology development funds

Circular No. 05/2022/TT-BKHCN dated May 31st, 2022 of the Ministry of Science and Technology on instructions for use of enterprises’ science and technology development funds
Posted: 2/6/2022 9:47:34 AM | Latest updated: 15/6/2022 10:12:20 AM (GMT+7) | LuatVietnam: 5465 | Vietlaw: 564
VietlawOnline

This Circular provides instructions on how to use enterprises’ science and technology development funds made according to Decree No. 95/2014/ND-CPstatus2 , including expenditures on these activities:

- Performing science and technology missions;

- Equipping enterprises with physical infrastructure and technical utilities for their science and technology activities: Establish research and development organizations, centers for analysis, testing, experimentation, inspection, calibration or trial of products; enterprises’ information infrastructure, databases and statistics on science and technology activities, etc.

- Purchasing Technological know-how, technical designs, technical solutions, etc.

- Purchasing machinery and equipment involved in the technology innovation mission;

- Payment of wages, salaries and costs of hiring of professionals;

- Expenditures on science and technology personnel training activities;

- Expenditures on initiative-related activities;

- Expenditures on science and technology cooperation activities;

- Expenditures on assessment, testing, inspection, assessment, promotion and commercialization of new products and technologies

- Expenditures on implementation of science and technology transfer missions

- Expenditures on Fund management activities: Paying wages, paying for offices, paying for procurement and repair of stationery, office supplies and property.

In addition, this Circular also regulates enterprises’ responsibilities to notify local specialized authorities in charge of science and technology of establishment of Funds; formulate Fund’s expenditure regulations; etc.

This Circular comes into force from June 1st, 2022 and applies during the period of utilization of the corporate-level Science and Technology Development Funds from the corporate income tax computation period in 2022.

To replace Articles 2, 3, 5, 6, 7, 8, 9, 10, 11 and 15 and Form No. 01 of Appendix enclosed with Joint Circular No. 12/2016/TTLT-BKHCN-BTCstatus2 dated June 28th, 2016.

Admin_05

Related documents

Penalty document

Unknown

Information

Effective Date 1-Jun-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 564

Files attachment

enflag pdficon TT05-31052022BKHCN[EN].pdf

Flow

Quỹ khoa học công nghệCập nhật đến: 5-Jul-2022

Timeline

No data

Science - Technology

blue-check Instructions for use of enterprises’ science and technology development funds
blue-check Strategy for development of science, technology and innovation by 2030
blue-check Issues relating to import of used agricultural machinery and equipment
blue-check Amendments to the Scheme for transfer of technologies from foreign countries into Vietnam
blue-check Training and Retraining Program to Meet the Requirements of the Fourth Industrial Revolution
blue-check Regarding withholding tax when buying machinery, equipment from a foreign seller
blue-check Guidelines on management of projects of the National technological innovation program until 2030
blue-check Technical requirements for input data of the National database on science and technology
blue-check Criteria for determination of science and technology-related tasks under the Intellectual Property Development Program
blue-check It is banned from importing used machinery for trade
blue-check How to calculate withholding tax upon import of machinery associated with warranty service
blue-check New regulations on eligibility of hi-tech enterprises
blue-check It is allowable entrusting the import of used agricultural machinery
blue-check Used molds are not banned from import
blue-check Program on national product development by 2030
blue-check National strategy for research, development, and application of artificial intelligence until 2030
blue-check How to calculate tax on separately- imported operating software of machinery
blue-check Regarding medical devices imported for veterinary use
blue-check New List of high technologies prioritized for development investment
blue-check Amendments to Scheme for training and refresher courses for science and technology workers