30% reduction in land rent in 2023

The applicable subjects are organizations, units, enterprises, households, and individuals who are directly leasing land from the State under Decisions, Contracts, or Certificates of Land Use Rights, Ownership of Houses and Other Assets Attached to Land issued by competent state agencies in the form of annual land rent payments (land lessees).

This regulation applies to cases where the land lessee is not eligible for land rent exemption or reduction, where the exemption or reduction period has expired, and to cases where the land lessee is currently receiving land rent reduction under the provisions of land law (Land Law and its detailed regulations) and other relevant laws.

Land rent reduction

A 30% reduction in land rent payable (revenue generated) for the year 2023 will be applied to the land lessees specified above; however, no reduction will be applied to outstanding land rent from years prior to 2023 and late payment penalties (if any).

The above-mentioned land rent reduction is calculated on the land rent payable (revenue generated) for the year 2023 as stipulated by law. In cases where the land lessee is already receiving a land rent reduction or/and deduction for compensation and land clearance as stipulated by law on land rent, the 30% land rent reduction will be calculated on the land rent payable (if any) after the reduction or/and deduction as stipulated by law (excluding the land rent reduction under Decision No. 01/2023/QD-TTg dated January 31, 2023 of the Prime Minister).

This decision takes effect from November 20, 2023.