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.
|Published||Vietlaw's Newsletter No. 530|