Government decides to reduce land rent by 30% in 2024

Accordingly, the subjects subject to land rent reduction in 2024 include: Land users as prescribed in Article 4 of the 2024 Land Law who are being directly leased land by the State under the Land Lease Decision or Land Lease Contract or Certificate of land use rights and ownership of assets attached to land of a competent state agency that is effective in 2024 in the form of annual land rent payment.

Government Decree stipulates a 30% reduction in land rent payable in 2024. Illustration photo: PV

In case in 2024, the land user has not completed the legal procedures on land but by the time of submitting the application for land rent reduction according to the provisions of this Decree, the legal procedures on land have been completed (with a Land Lease Decision or Land Lease Contract or Certificate of land use rights, ownership of assets attached to land in the form of annual land rent payment), he/she is eligible for land rent reduction according to the provisions of this Decree.

This provision applies to both cases where land users are not eligible for exemption or reduction of land rent or the exemption or reduction period has expired, and cases where land users are currently enjoying land rent reduction according to the provisions of the law on land and other relevant laws.

Competent authority to handle land rent reduction dossiers; other relevant agencies, organizations and individuals.

The Decree stipulates a 30% reduction in land rent payable in 2024 for land users in the above-mentioned subjects.

The land rent reduction prescribed above is calculated on the land rent payable in 2024 according to the provisions of law. The reduction shall not be applied to the outstanding land rent of years prior to 2024 and late payment (if any). In case the land user is receiving a land rent reduction according to regulations or/and compensation and site clearance deductions according to the provisions of law on land rent, the land rent reduction prescribed above is calculated on the land rent payable (if any) after being reduced or/and deducted according to the provisions of law.

The Decree clearly states that land users shall submit 1 Request for Land Rent Reduction to the tax authority or other authority in accordance with the provisions of the law on land and the law on tax administration from April 11, 2025 to July 31, 2025. Land rent reduction as prescribed in this Decree shall not be applied to cases where land users submit a Request for Land Rent Reduction after July 31, 2025.

This Decree comes into force from April 11, 2025.

Source: https://baogialai.com.vn/chinh-phu-quyet-dinh-giam-30-tien-thue-dat-nam-2024-post318677.html