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blue-check Land rents payable in 2021 of enterprises affected by Covid-19 shall be reduced by 30%

Decision No. 27/2021/QD-TTg dated September 25th, 2021 of the Prime Minister on reduction in land rents payable in 2021 for entities affected by the Covid-19 pandemic
Posted: 28/9/2021 1:43:29 PM | Latest updated: 19/4/2022 12:06:15 PM (GMT+7) | LuatVietnam: 5305 | Vietlaw: 530
VietlawOnline

This is the new policy, which has been just approved by the Prime Minister, applicable to enterprises that are directly leasing land from the State and making payment for land rents annually.

However, the reduction of 30% shall be only calculated on the land rents payable in 2021. The reduction shall not be made on outstanding land rents of the years prior to 2021 and late payment interests (if any).

Enterprises whose 2021’s land rents have been reduced under other forms, the reduction of 30% shall be calculated on the remaining payable land rents (after the land rents have been reduced under the other forms).

The application for reduction in land rents payable in 2021 shall be submitted by December 31st, 2021 at the latest.

This Decision takes effect from the date of its signing.

Ms Phuong Thao (VietlawOnline.com)
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Effective Date 25-Sep-2021
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 530
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enflag pdficon QD27-25092021TTg[VLO].pdf
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