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blue-check Issues relating to land rent reduction under Decision No. 27/2021/QD-TTg

Official letter No. 91/TCT-CS dated January 11th, 2022 of the General Department of Taxation regarding land rent reduction under Decision No. 27/2021/QD-TTg
Posted: 18/4/2022 10:20:27 AM | Latest updated: 20/4/2022 8:32:22 AM (GMT+7) | LuatVietnam: 5433 | Vietlaw: 558
VietlawOnline

According to opinions of the General Department of Taxation, for the case of transfer of leased land or change of enterprise’s name but land – related legal procedures have not yet carried out, the new enterprise has yet to obtain land lease contract or decision, it is not eligible for 30% of reduction in land rent in 2021 according to Decision No. 27/2021/QD-TTg .

In addition, with regard to the case of transformation of land lease form from annual land rent payment into lump-sum land rent payment, from the date on which the decision on allowing the transformation of land lease form takes effect, the enterprise is no longer eligible for land rent reduction for 2021 according to Decision No. 27/2021/QD-TTg

In 2022, the Government intends to further offer the 30% of reduction in land rents until December 31st, 2022. According to a draft document announced at Official letter No. 3028/BTC-QLCS, entities eligible for the reduction shall be also determined as in 2021. Accordingly, they must have decision on directly leasing land from the state and pay annual land rent. However, the Ministry of Finance is considering additionally imposing the condition “suspension of production for at least 15 days” that was applied in 2020.

Ms Phuong Thao (VietlawOnline.com)
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blue-check 825/TCT-CS
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Published Vietlaw's Newsletter No. 558
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