Principles of Land Levy Exemption and Reduction When Issuing Certificate of Land Use Rights

09:49, 11/07/2024

The Ministry of Finance has just issued Circular 134/2015/TT-BTC specifying the principles of land levy exemption and reduction within the limits according to Decision 11/2015/QD-TTg of the Prime Minister of the Government of Vietnam.

Principles for Implementing Land Levy Exemption and Reduction

1. Households and individuals eligible for land levy exemption or reduction according to Decision 11/2015/QD-TTg or other relevant legal documents may only receive land levy exemption or reduction once.

2. Households and individuals eligible for both exemption and reduction of land levy as stipulated in Decision 11/2015/QD-TTg or other relevant legal documents will be exempted from the land levy. In cases where households and individuals are eligible for land levy reduction with multiple levels of reduction as stipulated in Decision 11/2015/QD-TTg and other relevant legal documents, they will be entitled to the highest level of reduction; households and individuals are not allowed to accumulate the levels of reduction.

3. The exemption and reduction of land levy are only directly applied to the households and individuals who are eligible for exemption and reduction, and are calculated on the land levy amount to be paid.

4. Households and individuals will only receive land levy exemption and reduction incentives after completing the procedures for exemption and reduction according to regulations.

Circular 134/2015/TT-BTC takes effect from October 15, 2015.

- Ngoc Duyen -

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