Circular 156: Dossiers, Order, and Procedures for Land Rent Exemption and Reduction

Circular 156: Dossier, Procedures for Exemption, Reduction of Land Rent (Illustration)

The dossier, procedures, and procedures for exemption, reduction of land rent are as follows:

- Dossier for exemption, reduction of land rent:

- The dossier for exemption, reduction of land rent is implemented in accordance with the law on tax management;- A written commitment to meet the regulations on criteria, scale, and standards for private investment in accordance with the Decision of the Prime Minister of the Government of Vietnam as stipulated in Article 2 of Decree 69/2008/ND-CP.

- The sequence, procedures, competence to decide the exemption, reduction of land rent shall be implemented as stipulated in Article 21 of Decree 46/2014/ND-CP and Article 15 of Circular 77/2014/TT-BTC.

In the Decision on exemption or reduction of land rent, it must clearly state: the reason for the exemption or reduction; the lease term; the time period for the exemption or reduction of land rent and the amount of land rent exempted or reduced; concurrently, must include the content: In case the land renter has to return to the state budget the amount of money that has been exempted or reduced as stipulated in subparagraph b, point 4, clause 3, Article 1 of Decree 59/2014/ND-CP or uses the land for improper purposes without falling into the case of land recovery as stipulated by land law, they must pay back the exempted or reduced land rent amount according to the policy and land price at the time of preferential treatment (for the case stipulated in subparagraph b, point 4, clause 3, Article 1 of Decree 59/2014/ND-CP), the land rent for the time period of improper land use according to the land price and land rent collection policy at the time of the land lease decision, and the late payment interest calculated on the exempted or reduced land rent amount or the additional land rent payable as stipulated by the law on tax management.

More details can be found in Circular 156/2014/TT-BTC, effective from December 15, 2014.

Thuy Tram

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