Tax sector intensively reduces land rent tax in 2020

VCN – The General Department of Taxation has requested tax departments in the whole country to implement Decision No.22/2020/QĐ-TTg of the Prime Minister on the reduction of land rent tax in 2020 for subject effected by the Covid-19 pandemic.
5130-0800-56734906-2534036416609939-2236174013992796160-n
The General Department of Taxation requested tax departments to urgently communicate and process applications for land rent reduction. Photo: Thuy Linh.

The General Department of Taxation requested tax authorities at all levels communicate deeply and fully the content of the policy of land rent reduction in accordance with Decision No. 22/2020/QD-TTg of the Government to enterprises and groups of organisations, households and individuals that are directly leased land by the State under a decision or contract of a State authorities in the form of annual land rental payment.

In each tax management area, the tax authority must coordinate with press agencies, radio stations, television stations, branches nad representative offices of VCCI to communicate and disseminate the contents of Decision No. 22/2020/QD-TTg; formulating guidance documents of implementation; posting instructional materials on the website of the Department of Taxation and sending instructional documents via email to enterprises, organisations, households and individuals that are leased land by the State in accordance with the decision or contract of State authorities in the form of annual land rental payment.

Propaganda information must be carried out regularly and continuously in many forms, ensuring enterprises, organisations, households and individuals are leased land by the State to have access to and understand clearly the scope, subject, deadline, order and procedures for implementing the land rent reduction policy so the taxpayer can properly and promptly implement the State's support policy and remove financial difficulties for taxpayers.

Regarding the processing of applications for land rent reduction, the General Department of Taxation requested that based on the application for land rent reduction in 2020 of land tenants, the tax authority should determine the reduced land rent tax and decide to reduce land rent in accordance with the provisions of law on collecting land rental tax.

The General Department of Taxation requested the head of the tax authority assign relevant sections of the tax authority to update, lookup, review, check dossiers, urge, collect debts and carry out debts coercion in accordance with the law.

If detecting cases in which taxpayers are not eligible for land rent reduction, the tax authority should determine the amount of payable land rent and notify the taxpayer. In case any real problem arises, it is requested to promptly report it to the General Department of Taxation.

By Thùy Linh/Thanh Thuy

Related News

Tax sector exceeds revenue target 2024

Tax sector exceeds revenue target 2024

VCN – Currently, the revenue managed by the Tax sector has reached VND1,538,000 billion, exceeding the 2024 estimate. This positive result was said by the leader of the General Department of Taxation at the Finance Forum “Financial policies to promote aggregate demand for economic development”.
Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

VCN - In order to promote the early recovery and development of production and business activities, contributing back to the State budget, the Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.
Perfecting the law on import and export tax towards exemption and reduction for the right subjects

Perfecting the law on import and export tax towards exemption and reduction for the right subjects

VCN - According to Deputy Director General of Vietnam Customs Luu Manh Tuong, there are still many issues to take full advantage of Free Trade Agreements (FTAs), including the need to perfect legal policies on import and export taxes in the direction of strict management and exemption for the right subjects.
Tax sector determines to take enterprises as the center of service

Tax sector determines to take enterprises as the center of service

VCN - That was the affirmation of Deputy General Director of the General Department of Taxation Mai Son at the Tax - Customs forum in 2024 organized by Vietnam Financial Times on the afternoon of October 16, 2024.

Latest News

Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

VCN- On February 3, the first working day after the Tet holiday, Minister of Finance Nguyen Van Thang and the delegation visited and worked with the General Department of Vietnam Customs (GDVC).
The stock market after Tết 2025 presents both challenges and opportunities

The stock market after Tết 2025 presents both challenges and opportunities

Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by foreign capital inflows, economic resilience, and looming corporate bond maturity pressures, according to one securities expert.
Opportunities and challenges in Việt Nam

Opportunities and challenges in Việt Nam's crypto boom

Việt Nam boasts one of the most active investment communities in the cryptocurrency sector. However, protecting investors and promoting sustainable growth requires a robust legal framework.

More News

Đà Nẵng aiming to become a regional financial centre before 2050

Đà Nẵng aiming to become a regional financial centre before 2050

The city is setting out goals to promote the development of the financial system in the 2021-30 period, striving for Đà Nẵng to become a regional financial centre in just 25 years.
Which investments to make in 2025?

Which investments to make in 2025?

Financial reports indicate a large amount of cash in the banking system at the end of 2024. Investors in 2025 will have plenty of choices of where to put their money, according to economists and financial analysts.
5 strategies for reallocating houses and land

5 strategies for reallocating houses and land

VCN - The rearrangement and disposal of public-owned houses and land have been officially regulated in Decree No. 03/2025/ND-CP (Decree No. 03), which has just been issued by the Government. According to Decree No. 03, there are five forms of rearrangement and disposal of houses and land.
Stock market expected to rebound positively after Tết holiday: expert

Stock market expected to rebound positively after Tết holiday: expert

Currently, the VN-Index is fluctuating within a wide range of 1,200 to 1,300 points. Without a decisive breakout in either direction, this level of liquidity remains typical.
Ministry of Planning and Investment proposes piloting a cryptocurrency exchange at financial centres

Ministry of Planning and Investment proposes piloting a cryptocurrency exchange at financial centres

The Ministry of Planning and Investment (MPI) has proposed a controlled pilot programme for fintech activities, including digital asset and cryptocurrency trades at financial centres.
Banks selling mortgaged assets to recover bad debts

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.
Keeping inflation in check a priority for 2025

Keeping inflation in check a priority for 2025

Economists have identified a range of factors that may exert inflationary pressure in 2025, including geopolitical risks, global trade disruptions and domestic challenges such as exchange rate fluctuations, rising import costs and natural disasters.
Debt repayment pressure continues to weigh on corporate bond market

Debt repayment pressure continues to weigh on corporate bond market

An alarming 22 per cent of corporate bonds maturing in January 2025 are at risk of defaulting on principal payments, according to a report from VIS Rating.
2025 a new era for financial institutions

2025 a new era for financial institutions

Recent adjustments to Việt Nam’s economic growth forecasts from major financial institutions highlight growing confidence in the country’s economic trajectory.
Read More

Your care

Latest Most read
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

VCN - On the occasion of the Spring of At Ty 2025, on behalf of the Party Committee and the leaders of the Ministry of Finance, Minister Nguyen Van Thang respectfully sent his best wishes to all the GDVC's officials, civil servants and employees.
The stock market after Tết 2025 presents both challenges and opportunities

The stock market after Tết 2025 presents both challenges and opportunities

Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by foreign capital inflows, economic resilience, and looming corporate bond maturity pressures, according to one securities expert.
Opportunities and challenges in Việt Nam

Opportunities and challenges in Việt Nam's crypto boom

Việt Nam boasts one of the most active investment communities in the cryptocurrency sector. However, protecting investors and promoting sustainable growth requires a robust legal framework.
Đà Nẵng aiming to become a regional financial centre before 2050

Đà Nẵng aiming to become a regional financial centre before 2050

The city is setting out goals to promote the development of the financial system in the 2021-30 period, striving for Đà Nẵng to become a regional financial centre in just 25 years.
Mobile Version