Vietnam: Guidance on payment of land use fee debts prior to December 10, 2019

Specifically, if households and/or individuals already obtaining permission for deferred repayment of land use fee debts as shown in their Certificates in accordance with laws over periods of time have not yet repaid all of their outstanding debts before Decree No. 79/2019/NĐ-CP of Vietnam’s Government (December 10, 2019) enters into force, the following provisions shall be applied:

- Households and/or individuals already obtaining permission for deferred repayment of land use fee debts prior to March 01, 2016 shall have to pay their debts according to policies and prices in effect till the date of issue of Certificates (or based on the amounts specified in Certificates which are determined in accordance with law) by end of February 28, 2021. (This regulation shall not be applied to land use fee amounts that they have already paid to the state budget)

- From March 01, 2021 onwards, households and/or individuals must pay outstanding land use fee debts according to policies and prices in effect on the date of debt repayment.

- Households and/or individuals already obtaining permission for deferred repayment of land use fee debts from March 01, 2016 to December 10, 2019 must continue to repay the remaining amounts of outstanding land use fee debts according to the amounts specified in Certificates which are determined according to Decree No. 45/2014/NĐ-CP of Vietnam’s Government within the 5-year period from the date of permission for deferred repayment of land use fee debts. After the 5-year period from the date of permission for deferred repayment of land use fee debts, households and/or individuals must pay outstanding land use fee debts according to policies and prices in effect on the date of debt repayment.

View other provisions at Decree No. 79/2019/NĐ-CP of Vietnam’s Government, effective from December 10, 2019.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE