This is a content specified in Circular No. 16/2013/TT-BTC of the Ministry of Finance of Vietnam guiding the implementation of the extension of time limits, reduction of a number of state budget revenues according to the Resolution No. 02/NQ-CP on a number of solutions to remove difficulties for business production, market support, settlement of bad debts.
According to Article 6 of Circular No. 16/2013/TT-BTC of the Ministry of Finance of Vietnam, the following subjects shall be eligible for land rents reduction:
- Economic organizations (including non-business units with revenues, cooperatives), households, individuals who is leased land by the State through annual rent payment prior December 31, 2010, using land with right purpose, from 2011, subject to adjust the unit price of land renting as prescribed in Decree No. 121/2010/ND-CP dated December 30, 2010 of Vietnam’s Government and the land rents arising in 2013, 2014 increased more than twice in comparison with the land rents arising in 2010. The land rents as the basis for reducing consideration according to the Resolution No. 02/NQ-CP and provisions in this Circular are land rents arising in year but have not yet deducted the amounts of compensation, support which are deducted in the payable land rents as prescribed by law.
- Economic organizations, households, individuals specified in point a this clause, who in 2013, 2014 are reduced land, water surface rents according to other regulations but the payable remaining land rents after deducting amounts reduced according to such other regulations are more than twice of the payable land rents of 2010, shall be entitled to reduce payable land rents in 2013, 2014 as prescribed in this Circular.
- Economic organizations being subjects entitled to reduce land rents in 2012 according to Decision No. 2093/QD-TTg dated November 23, 2011 of the Prime Minister and Circular No. 83/2012/TT-BTC dated May 23, 2012 of the Ministry of Finance but have not been settled because failed to meet provisions on procedures, dossiers according to Circular No. 83/2012/TT-BTC. These cases are continued to be considered for reduction of payable land rents of 2012 when there is a written letter sent to direct tax administration agencies.
- Cases of using land leased by state prior December 31, 2010 but have not yet had sufficient papers of land renting as prescribed by law on land, not violating law relating to land management and use, the payable land rents of 2010 which are calculated temporarily by tax agencies under unit price for collection of land rents specified in Decree No. 142/2005/ND-CP dated November 14, 2005 of Vietnam’s Government and from 2011 calculated under unit price for collection of land rents specified in Decree No. 121/2010/ND-CP dated December 30, 2010 of Vietnam’s Government, if the payable land rents which are calculated temporarily of 2013, 2014 are more than twice of the payable land rents of 2010.
View more details at Circular No. 16/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from March 25, 2013.
Thu Ba
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