THE LAND RENT SHALL BE DETERMINED ACCORDING TO LAND PRICE AT THE TIME OF EXTENSION
At the Circular No. 11/2018/TT-BTC dated January 30, 2018, the Ministry of Finance amends and supplements a number of Articles of the Circular No. 77/2014/TT-BTC providing the guidance on the Decree No. 46/2014/ND-CP dated May 15, 2014 on land and water surface rents.
Previously, if the land use term of a land user liable to payment of land rent is extended, the land rent shall be determined according to the land policies and land price at the time of extension.
If the user of a piece of land leased by the State with one-off payment of land rent for the entire land lease period is eligible for land rent exemption but wishes to pay the land rent in the lease period (refuses to enjoy land rent incentives), the land rent to be paid in lump sum for the remaining leas period shall be determined according to the land policies and land price at the time of the land user's submission of the written request for land rent payment.
If the investor has paid the site clearance compensation according to the plan approved by a competent authority before July 01, 2004 and has the piece of land leased by the State from July 01, 2004 onwards, the amount of site clearance compensation paid according to the plan approved by a competent authority, or the value of the piece of land used for the purpose defined at the transfer time, as determined and verified by a competent authority at the time of self-agreement or self-transfer may be subtracted from the land rent to be paid and must not exceed this land rent amount.
This Circular takes effect on March 20, 2018.
