At its ongoing fiftieth session, the National Assembly (NA) Standing Committee on October 16 mentioned the draft Law on High Technology (amended).
According to Deputy Minister of Science and Technology Vu Hai Quan, the Law on High Technology was promulgated in 2008, and plenty of of its provisions are actually outdated, inconsistent, and now not related to present realities. Meanwhile, the authorized system for science, technology, and innovation is present process complete changes, requiring the Law on High Technology to be amended to guarantee uniformity, synchronicity, and to create a authorized basis for improvement.
The draft consists of 6 chapters and 27 articles, a discount of 8 articles and a change in construction and type in contrast to the present legislation.
Commenting on the draft, NA Vice Chairwoman Nguyen Thi Thanh acknowledged that high-tech agricultural zones are one of many essential options to promote the applying of science and technology, and to analysis sustainable inexperienced agricultural manufacturing. Therefore, she proposed that the drafting company analysis and add acceptable laws or transitional provisions to preserve and develop this mannequin, contributing to agricultural modernization and sustainable improvement.
Regarding the coverage for analysis and improvement of strategic applied sciences, Article 12 of the draft permits enterprises to deduct sponsorship or funding prices for strategic technology analysis and improvement from deductible bills when figuring out taxable earnings.
Ms. Thanh stated that the draft expands on the present provisions in the Law on Corporate Income Tax. Therefore, she steered that the drafting company coordinate with related businesses to analysis and evaluation the provisions to each retain this content material and guarantee it doesn’t contradict the laws in the Law on Corporate Income Tax.
The NA Vice Chairwoman additionally emphasised that the draft legislation wants to embody laws on allocating a share of the state price range for strategic technology analysis and improvement actions, avoiding overlaps with the Law on Science, Technology, and Innovation.
Also commenting on Article 12 of the draft, Chairman of the NA Culture and Social Affairs Committee Nguyen Dac Vinh acknowledged that, given the present scenario of the nation, we want time to accumulate assets and human capital to analysis and create excessive technology. He steered that there ought to be preferential insurance policies and incentives to import excessive technology to elevate manufacturing ranges, aiming for the factors of inexperienced financial system and round financial system improvement.