On July 30, 2024, the Government promulgated Decree 103/2024/ND-CP on Land Use Levy and Land Rent (Decree 103). This Decree aims to provide details for the Law on Land 2024 regulations related to the calculation, collection, payment, and management of land use levy and land rent. Also, the Decree is intended to resolve the issues arising from the practical implementation of the Law on Land 2013’s corresponding provisions. Decree 103 takes effect from August 1, 2024 with some notable contents as follows:
(i) Supplementing some typical rules on land use levy exemption or reduction;
(ii) Providing additional cases eligible for land use levy exemption;
(iii) Supplementing many individuals who are eligible for land use levy reduction;
(iv) Supplementing some rules on land rent exemption or reduction;
(v) Eliminating the subjects exempted from land rent for the entire lease term as previously prescribed;
(vi) Supplementing and stipulating the specific cases eligible for annual land rent reduction.
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