Procedures for reduction in land rents in Vietnam

Duong Chau Thanh

14:28, 05/10/2023

Decision 25/2023/QD-TTg on reduction in land rents of 2023 in Vietnam issued by the Prime Minister on October 3, 2023.

Procedures for reduction in land rents in Vietnam

The order for implementing a 30% reduction in land rent in 2023 is guided as follows:

(1) A land lessee shall submit 01 application for reduction in land rents (via an online method or in person or by post) to a tax authority assigned to collect land rents, Economic Zone Management Board, Hi-Tech Park Management Board or another agency as prescribed by laws on tax administration from the effective date of Decision 25/2023/QD-TTg to the end of March 31, 2024.

The regulations in this Decision shall not be applicable to land lessees who submit their applications after March 31, 2024.

(2) Based on the application submitted by the land lessee as prescribed in Clause 1 of Article 5 of Decision 25/2023/QD-TTg, within 30 days from the date on which the satisfactory application is received as prescribed in Article 4 of Decision 25/2023/QD-TTg, the competent authority shall determine the reduction and issue a Decision on reduction in land rents as prescribed by laws on collection of land rents and laws on tax administration.

(3) In case a regulatory authority discovers that a land lessee is not eligible for land rent reduction after a land rent reduction has been issued by a competent authority, the land lessee must return the reduction granted plus (+) late payment interest thereon to the state budget as prescribed by laws on tax administration.

(4) If land rent reduction is granted by a competent authority after the lessee has paid the land rent of 2023, the overpaid rent shall be deducted from the land rent payable in the next period or the next year as prescribed by laws on tax administration and other relevant laws. If land rents will no longer be paid, the overpaid rent shall be offset or refunded as prescribed by laws on tax administration and other relevant laws.

Decision 25/2023/QD-TTg takes effect from November 20, 2023.

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