Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi
The average reduced amount of land and water surface rents in 2020-2023 is VND2,890 billion per year. Photo: H.Anh |
Recently, in a report on the damage caused by typhoon No. 3 and solutions to overcome the consequences, the Ministry of Planning and Investment proposed to reduce land and water surface rents for those affected by typhoon No. 3 and typhoon circulation, subsequent flood, and flash floods. Accordingly, the Prime Minister directed the Ministry of Finance to study and provide comments on the content of the report and proposal of the Ministry of Planning and Investment.
On this basis, the Ministry of Finance submitted to the Government a draft Decree regulating the reduction of land rents in 2024 after receiving the approval of the National Assembly Standing Committee.
Accordingly, in the draft, the Ministry of Finance proposed 2 options. Option 1 is reducing 15% of the land rents in 2024 for land lessees. Option 2 is reducing 30% of the land rents in 2024 for land lessees.
The land rent reduction is calculated on the land rent payable in 2024 according to the provisions of law. The reduction will not be applied to the outstanding land rent of years before 2024 and late payment (if any). In case the land lessee 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, this land rent reduction will be calculated on the land rent payable (if any) after being reduced or/and deducted according to the provisions of law.
According to the Ministry of Finance's calculations, the implementation of this policy is expected to reduce the land rent by about VND 2,000 - 4,000 billion. With the ability to recover and develop the economy in 2024 thanks to the Government's fiscal and monetary policies and the efforts of the entire political system, the estimated state budget revenue in 2024 will be reached and exceeded. Therefore, the land rent reduction under this policy has an insignificant impact on the general state budget revenue, but has a great support for the recovery and development of production and business of households and businesses.
The Ministry of Finance proposes that the subjects of application are organizations, units, businesses, households and individuals who are directly leasing land from the State according to decisions or contracts or certificates of land use rights, house ownership rights and other assets attached to land of competent state agencies (calculated at the time the land lessee submits the application for land rent reduction according to this regulation) in the form of annual land rent payment (land lessee).
This provision applies to both land lessees who are not eligible for exemption or reduction of land rent, and land lessees who are receiving land rent reduction according to regulations of the law on land and other relevant laws; authorized agencies handling land rent reduction applications; other relevant agencies, organizations and individuals.
To simplify administrative procedures and facilitate implementation; to reduce difficulties and harassment when applying for the reduction to the State management agencies, the Ministry of Finance submits to the Government an application consisting of only two types of documents: an application form for reduction and a lease decision or lease contract, or a certificate of land use rights, house ownership rights, and other assets attached to land. At the same time, it is stipulated that the payer must self-declare, self-pay, and be legally responsible for the authentication of the application.
To ensure convenience for timely payment of land rent to the State budget, payers can pay electronically or by other methods to the tax authority or other agencies as prescribed by law.
.
Related News
Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance
15:05 | 25/09/2024 Customs
Businesses report Customs many issues
10:40 | 28/09/2024 Customs
The important “puzzle piece” for green transformation
08:41 | 21/09/2024 Headlines
Bac Ninh Customs: Efforts to support businesses to promote growth
10:06 | 23/09/2024 Customs
Latest News
New regulations on foreign indirect investment in Vietnam drafted
13:46 | 15/10/2024 Regulations
Considering amending regulations on suspension from exit due to tax arrears
09:30 | 15/10/2024 Regulations
How to handle export processing enterprises forgetting to open a corresponding import declaration
09:17 | 14/10/2024 Regulations
Food safety rules relaxed for emergency imports
10:58 | 12/10/2024 Regulations
More News
Checking and reviewing the classification of exported copper
09:37 | 10/10/2024 Regulations
Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period
14:20 | 09/10/2024 Regulations
Must strictly manage duty-free goods
10:16 | 08/10/2024 Regulations
Amend the law to protect the rights of accountants
09:11 | 30/09/2024 Regulations
Simplification is not enough, enterprises need stronger administrative reform
10:23 | 29/09/2024 Regulations
Amending 3 important policies in the Law on State Budget
09:05 | 26/09/2024 Regulations
MoF proposes to abolish Article 35 on “on-the-spot import and export” in Decree No.08/2015/ND-CP
08:59 | 25/09/2024 Regulations
Revised Law on Special Consumption Tax to reduce consumption rate of products harmful to health
09:08 | 22/09/2024 Regulations
Chile officially issues electronic C/O form VC from November 1, 2024
20:39 | 17/09/2024 Regulations
Your care
New regulations on foreign indirect investment in Vietnam drafted
13:46 | 15/10/2024 Regulations
Considering amending regulations on suspension from exit due to tax arrears
09:30 | 15/10/2024 Regulations
How to handle export processing enterprises forgetting to open a corresponding import declaration
09:17 | 14/10/2024 Regulations
Food safety rules relaxed for emergency imports
10:58 | 12/10/2024 Regulations
Checking and reviewing the classification of exported copper
09:37 | 10/10/2024 Regulations