30% reduction in land rent in 2023
Deputy Prime Minister Le Minh Khai has just signed Decision 25/2023/QD-TTg on reducing land rent for 2023.
The subjects of application are organizations, units, enterprises, households and individuals who are being directly leased land by the State according to the Decision or Contract or Certificate of land use rights, house ownership rights and other assets attached to land of competent state agencies in the form of land lease with annual payment (land lessees).
This provision applies to cases where the land lessee is not eligible for exemption or reduction of land rent, the period of exemption or reduction of land rent has expired, and cases where the land lessee is receiving a reduction in land rent according to the provisions of the law on land (Land Law and documents detailing the Land Law) and other relevant laws.
Land rent reduction
Reduce 30% of land rent payable (revenue) for 2023 for land lessees specified above; do not reduce the outstanding land rent of years prior to 2023 and late payment fees (if any).
The above land rent reduction is calculated on the land rent payable (revenue) in 2023 according to the provisions of law. In case the land lessee is receiving a land rent reduction according to regulations or/and compensation and site clearance deductions according to the provisions of law on land rent, the 30% land rent reduction is calculated on the land rent payable (if any) after being reduced or/and deducted according to the provisions of law (except for the land rent reduced according to Decision No. 01/2023/QD-TTg dated January 31, 2023 of the Prime Minister).
This Decision comes into force from November 20, 2023.