Proposal to reduce land rent by 30% in 2024 to support businesses and people.
According to the Ministry of Finance, according to the report, the growth rate in the last 6 months of the year of the whole country and many localities is forecast to slow down. GDP growth in the third quarter of the whole country may decrease by 0.35%, in the fourth quarter it may decrease by 0.22% compared to the scenario without Storm No. 3. The whole year's GDP is estimated to decrease by 0.15% compared to the scenario of estimated growth of 6.8-7%, in the agriculture, forestry and fishery sector it may decrease by 0.33%, in industry and construction it may decrease by 0.05% and in services it may decrease by 0.22%.
On September 15, the Ministry of Planning and Investment issued Report No. 7399/BC-BKHĐT to the Government Standing Committee on the damage caused by storm No. 3 Yagi (the strongest storm in the East Sea in the past 30 years), solutions to overcome the consequences of storms and restore production and business.
In particular, the Ministry of Planning and Investment has proposed reducing land and water surface rents for those affected by storm No. 3 and storm circulation, flooding, flash floods...
In performing the tasks of the Government, the Prime Minister and the Government leaders assigned the Ministry of Finance to submit to the Government for promulgation a Decree regulating the reduction of land rent in 2024 after receiving the approval of the National Assembly Standing Committee.
Proposal to reduce land rent by 30%
According to the draft, the subjects of application are organizations, units, enterprises, households and individuals who are being leased land by the State, directly according to the Decision or Contract or Certificate of land use rights, house ownership rights and other assets attached to land of the competent state agency (calculated at the time the land lessee submits the application for land rent reduction according to regulations) in the form of annual land rent payment (land lessee).
This regulation applies to both cases where the land lessee is not eligible for exemption or reduction of land rent, and cases where the land lessee is receiving a reduction in land rent according to the provisions of the law on land (the Law and documents detailing the Law) and other relevant laws; the competent authority handling the land rent reduction dossier; other relevant agencies, organizations and individuals.
Regarding land rent reduction, the draft proposes two options as follows:
- Option 1: Reduce 15% of land rent payable in 2024 for land lessees specified in Article 2 of this Decree.
- Option 2: Reduce 30% of land rent payable in 2024 for land lessees specified in Article 2 of this Decree.
The Ministry of Finance proposed Option 2 to the Government. According to the Ministry of Finance, this option is suitable for the new socio-economic developments of the whole country. Specifically: The growth rate in the last 6 months of the year of the whole country and many localities is forecast to slow down. The country's GDP growth in the third quarter may decrease by 0.35%, and in the fourth quarter by 0.22% compared to the scenario without storm No. 3. Option 1 was proposed by the Ministry of Finance in the scenario without storm No. 3.
The Ministry of Finance said that in the past time, in order to overcome difficulties caused by the impact of the COVID-19 pandemic and contribute to the recovery and development of the socio-economy, implementing the Resolutions of the National Assembly and the Government, the Ministry of Finance has submitted to the Prime Minister for promulgation Decision No. 22/2020/QD-TTg dated August 10, 2020; Decision No. 27/2021/QD-TTg dated September 25, 2021 on reducing land rent payable in 2020 and 2022 for enterprises, organizations, households and individuals who are being leased land by the State annually and are affected by the COVID-19 pandemic; Decision No. 01/2023/QD-TTg dated January 31, 2023 on reducing land rent in 2022 for subjects affected by the COVID-19 pandemic; Decision No. 25/2023/QD-TTg dated October 3, 2023 on reducing land rent for 2023.
The average reduction in land and water surface rents in 2020, 2021, 2022, and 2023 according to the above Prime Minister's Decisions is VND 2,890 billion/year (the average in 2021, 2022, and 2023 is VND 3,734 billion/year), thereby contributing to supporting businesses, organizations, units, households, and individuals in overcoming difficulties caused by the impact of the COVID-19 pandemic so that they can soon restore production and business activities after the pandemic (in 2020, 2021, 2022) and promote production and business activities (in 2023).
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