30% REDUCTION OF LAND RENTAL IN 2023

Deputy Prime Minister Le Minh Khai has just signed Decision 25/2023/QD-TTg on reducing land rent in 2023.

Applicable subjects are organizations, units, businesses, households and individuals that are directly leasing land from the State according to Decisions or Contracts or Certificates of land use rights, housing ownership and Other assets attached to land of a competent state agency in the form of land lease with annual payments (land lessee).

This regulation applies to cases where land renters are not eligible for land rent exemption or reduction, the land rent exemption or reduction period expires, and cases where land renters are receiving land rent reduction according to the provisions of the Law. Land law (Land Law and documents detailing the Land Law) and other relevant laws.

Land rent reduction

Reducing 30% of land rent payable (receipts generated) in 2023 for land renters specified above; No reduction will be made on the outstanding land rent for the years before 2023 and late payment interest (if any).

The above land rent reduction is calculated on the land rent payable (revenue generated) in 2023 according to the provisions of law. In case the land tenant is receiving a reduction in land rent according to regulations or/and deduction of compensation and site clearance according to the law on land rent, the 30% reduction in land rent is calculated on the amount of land rent. Land rent payable (if any) after being reduced or/and deducted according to the provisions of law (except for the amount of land rent reduced according to Decision No. 01/2023/QD-TTg dated January 31, 2023 of Prime Minister).

This decision takes effect from November 20, 2023.