Official letter No. 1514/TCT-CS
dated April 26th, 2023 of the General Department of Taxation regarding land rents
Posted: 23/5/2023 7:44:23 AM | Latest updated: 26/5/2023 1:55:06 AM (GMT+7)
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The General Department of Taxation notes that in case in 2021 an enterprise incurred payable land rents because it was late for following procedures for land rent reduction, exemption or incurred an additional payable amount according to regulations, if such amounts are considered to be land rents payable 2021, they shall be considered for enjoyment of the 30% reduction under Decision No. 27/2021/QD-TTg. However, if they are payable land rents of other years, they shall not be entitled to the 30% reduction.
Regarding business lines entitled to the 30% reduction in land rents, Decision No. 27/2021/QD-TTg does not regulate exception with regard to real estate trading. If the enterprise uses land for the purpose of real estate trading in line with the land use purpose indicated in land lease Decision or Contract, it shall be also considered for the 30% reduction.
Entities entitled to the 30% reduction in land rents under Decision No. 27/2021/QD-TTg, include entries that are leased land by the State in form of annual land rent payment through auction.
Ms Phuong Thao (VietlawOnline.com)
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