Government to issue decision on land use fee reduction

Reduction expected to be 30%, from July.

The government has asked the Ministry of Finance to submit to the Prime Minister for issuance a decision on reducing land use fees by 30 per cent in July.

This is part of Resolution No. 105/NQ-CP, which was recently issued by the government on tasks and measures to tackle difficulties in production and trade and continue promoting administrative reform.

The reduction to land use fees will benefit organizations, units, enterprises, households, and individuals who directly lease land from the State under State agency decisions or contracts and make rent payments annually.

Earlier this year, the Ministry of Finance proposed the Prime Minister extend the temporary 30 per cent reduction on land use fees throughout 2023 as part of measures to help businesses and individuals overcome the ongoing difficulties and challenges.

Land rent reductions totaled VND3.5 trillion ($149.33 million) last year.

Thanh Xuân