ON REDUCTION IN LAND RENTS OF 2024

This Decree provides for the reduction in land rents of 2024.

1. Land users, as specified in Article 4 of the 2024 Land Law, who are currently being directly leased land by the State through a land lease decision, a land lease contract, or a certificate of land use rights and ownership of property affixed to land issued by the competent state agency, which is effective in 2024, with annual land rent payments. If a land user did not complete the land-related legal procedures in 2024 but has completed them by the time of submitting the application for a reduction in land rent in accordance with the provisions of this Decree (in cases of having a land lease decision or a land lease contract or a certificate of land use rights, ownership of property affixed to land with annual land rent payments), they shall be eligible for a reduction in land rent as prescribed in this Decree.

This regulation is also applicable to land users who are ineligible for exemption from or reduction in land rents or those whose exemption or reduction periods have expired and those paying reduced land rents according to land laws and other related laws.

2. Agencies having jurisdictions to deal with documents on reduction in land rents; other relevant agencies, organizations and individuals.

1. A 30% reduction in the land rent payable for 2024 shall apply to the land users specified in Clause 1 Article 2 of this Decree.

2. The reduction in land rents prescribed in Clause 1 of this Article shall apply to the land rents payable for 2024 as prescribed by laws. No reductions shall be made on the outstanding land rents from previous years before 2024 and any late payment interests (if applicable). In cases where a land user is being given a reduction in land rent as per regulations and/or a deduction of compensation or site clearance in accordance with land rent laws, the land rent payable (if any) after being reduced and/or deducted as prescribed by law shall be the basis for calculating the reduction in land rents specified in clause 1 of this Article.

An original application form for reduction in land rents of 2024 made by the land user, using the Form in the Appendix enclosed herewith.

The land user shall be responsible before law for the truthfulness and accuracy of the information provided, the application form and his/her eligibility for reduction in land rents according to regulations herein.

1. Each land user shall submit 01 application form for reduction in land rents in person, by post, online or by other methods in accordance with tax administration laws to a tax authority or another agency in accordance with land laws, tax administration laws from the effective date of this Decree to July 31, 2025 inclusive. The provisions of this Decree regarding the reduction in land rents shall not apply in cases where land users submit application forms for reduction in land rents after July 31, 2025.

2. In consideration of the application form for reduction in land rent submitted by the land user in accordance with the provisions of Clause 1 of this Article and the Notice of land rent payment for 2024 of the land user (if any); within 30 days from the date of receiving the application form for reduction in land rent as stipulated in Article 4 of this Decree, the competent authority shall determine the amount of land rent eligible for reduction and issue a Decision on the reduction in land rent in accordance with land levy and land rent laws and tax administration laws.

3. In case a regulatory authority discovers that a land user is not eligible for land rent reduction in accordance with the provisions hereof through an inspection after a land rent reduction was granted by a competent authority, the land user must return the reduction granted (the subtrahend) plus (+) late payment interest thereon to the state budget as prescribed by tax administration laws.

4. If land rent reduction is granted by a competent authority after the land user has paid the land rent of 2024, the overpaid rent shall be deducted from the land rent payable in the next period or the next year as prescribed by tax administration laws and other relevant laws. If land rents no longer accrue, the overpaid rent shall be offset or refunded as prescribed by tax administration laws and other relevant laws.

1. This Decree comes into force from the day on which it is signed.

2. In case the legislative documents referred to this Decree are amended or replaced, the newest document shall be applied.

1. The Ministry of Finance shall direct and organize the implementation and handling of difficulties arising during the implementation of this Decree.

2. Ministers, Heads of ministerial agencies, Heads of Governmental agencies, Chairpersons of the People's Committees of provinces and central-affiliated cities shall inspect, promptly and strictly handle violations against regulations of law (if any).

3. The People’s Committees of provinces and central-affiliated cities are responsible for directing competent authorities of their areas to be prompt to apply reduction in land rents as prescribed in this Decree.

4. Ministers, Heads of ministerial agencies, Heads of Governmental agencies, the Chairpersons of the People’s Committees of provinces or central-affiliated cities, land users and other relevant entities are responsible for implementation of this Decree.