The Ministry of Finance of Vietnam issued Circular No. 89/2017/TT-BTC guiding certain articles of Decree No. 35/2017/ND-CP prescribing collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones.
On August 23, 2017, the Minister of Finance of Vietnam issued Circular No. 89/2017/TT-BTC guiding certain articles of Decree No. 35/2017/ND-CP, of which one of the notable contents is the regulation on principles of exemption and reduction of land rental and water surface rental. To be specific:
The land rental unit shall be determined by multiplying a percentage (%) by the specific land price prescribed in Clause 1 Article 4 of Decree No. 35/2017/ND-CP of Vietnam’s Government, in which the percentages used for land rental calculation are between 0.5% and 3%.
This is a notable content of Circular No. 89/2017/TT-BTC guiding certain articles of Decree No. 35/2017/ND-CP of Vietnam’s Government prescribing collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones. To be specific:
The Ministry of Finance of Vietnam issued Circular No. 89/2017/TT-BTC guiding certain articles of Decree No. 35/2017/ND-CP prescribing collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones.
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