Continue to exempt and reduce agricultural land use tax until the end of 2025

Continue to exempt and reduce agricultural land use tax until the end of 2025 (Artwork)

Accordingly, in order to perfect the policy of budget collection for land, property and natural resources; Having an appropriate mechanism to exploit resources from land for socio-economic infrastructure development, the Strategy proposes a number of solutions such as:

- Continue to implement agricultural land use tax exemption and reduction until the end of 2025 according to the policy of the Party and State on agricultural, farmer and rural development.

- Researching and perfecting the non-agricultural land use tax policy in the direction of increasing the regulation rate for land and supplementing tax collection for houses in order to encourage effective use of houses and land, contributing to limiting housing speculation. , land, ensuring mobilization of a reasonable and stable source of revenue for the state budget, in line with Vietnam's socio-economic conditions and international practices.

- Develop tax management policies associated with housing and land management of relevant ministries and branches.

- Research to regulate the value added from land that is not brought by the investment of land users through tax policy, collection of land use levy and land rent.

- Researching and amending the resource tax policy, ensuring that the resource tax policy continues to be an effective tool to contribute to the management and protection of natural resources, and to encourage the economical and efficient use of resources.

In addition, the Strategy also orients to perfect the system of revenue policies in association with the restructuring of state budget revenues in the direction of covering all revenue sources, expanding the revenue base, especially new sources of revenue, in line with the current reality. practices, integration commitments and good international practices.

Research and develop a reasonable tax rate, ensuring the fairness and neutrality of the tax policy system.

In addition, reviewing and adjusting tax incentives, eliminating tax incentives that are no longer suitable for development requirements; minimize the integration of social policies in taxes and revenues.

Implement tax solutions to support businesses and people to overcome difficulties caused by the impact of the COVID-19 pandemic, recover and develop the economy, and ensure the state budget-financial balance.

See more content at Decision 368/QD-TTg dated March 21, 2022.

Jewel

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