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Accordingly, the MOF proposes reducing the payable land rental amounts of 2024 for these entities by either 15 percent or 30 percent. The reduction would not apply to owed land rental amounts of previous years and late-payment interest amounts (if any).
To be entitled to land rental reduction, land lessees would be required to submit to tax authorities a request, enclosed with a copy of the land lease decision, land lease contract or certificate of land use rights and ownership of land-attached assets. Land lessees would be held responsible before law for the accuracy and truthfulness of their declaration. Those who are detected to be disqualified for land rental reduction would have to reimburse the reduced land rental amounts and pay late-payment interests into the state budget according to the law on tax administration.
By: VLLF
