To support enterprises during difficult economic periods, on October 3, 2023, the Prime Minister issued Decision 25/2023/QD-TTg on reduction of land rents in 2023 (Decision 25). Decision 25, which is promulgated by the Prime Minister and comes into force from November 20, 2023, has contributed to reducing businesses’ burden in the context where the economy is facing numerous fluctuations, creating opportunities as well as motivation for enterprises to overcome the current difficulty.
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Some notable contents of the Draft Decree amending and supplementing Decrees on collection of land use levy, collection of land and water surface rent
Currently, the Ministry of Finance is developing a draft Decree amending and supplementing the Decrees on collection of land use levy, land and water surface rent to (i) resolve some difficulties and obstacles in the actual process of collecting land use levy/land rents, and (ii) ensure effective exploitation, utilization of land resources and effective mobilization of revenue from land for the state budget.
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