Defense and Security Enterprises Exempted from or Reduced Land Levy

15:46, 10/07/2024

On October 17, 2016, the Ministry of Finance issued Circular 151/2016/TT-BTC providing guidelines on the operational mechanism for enterprises and workers at defense and security enterprises as stipulated in Decree 93/2015/ND-CP.

Circular 151/2016/TT-BTC stipulates that defense and security enterprises will be exempted from, and have reductions applied to, land rent, land levy, and land use tax for the land area assigned for management and use in service of defense and security tasks. To be specific:

- Defense and security enterprises must report the total land area assigned by the state, the land area leased and used by the enterprise, including the necessary land area used directly for defense and security purposes to the local tax authority.- Based on the enterprise's report confirmed by the competent authority, the tax authority will notify the enterprise of the land area exempted from and reduced land rent, land levy, and the land area liable for land rent, land levy.- In case of any change or adjustment in the land area used for defense and security tasks, upon confirmation by the competent authority, the defense and security enterprise must notify the tax authority for appropriate adjustment.- For the land area used for business purposes, defense and security enterprises must fulfill financial obligations related to land in accordance with regulations.

For details, see Circular 151/2016/TT-BTC, which took effect on January 1, 2016.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn