GUIDANCE ON DETERMINATION OF LAND RENT PRICE IN THE HOA LAC HI-TECH PARK
On March 30, 2018 of the Ministry of Finance issue the Circular No. 32/2018/TT-BTC guiding the Decree No. 74/2017/ND-CP dated June 20, 2017 of the Government on specific policies for Hoa Lac Hi-Tech Park.
Accordingly, the rent price of land shall be determined according to the lease purpose as specified in the Table of prices of land types in the Hi-Tech Park multiplied by the land price adjustment coefficient. Within that, the Table of prices of land types in the Hi-Tech Park is promulgated annually by the People’s Committee of Hanoi; The land price adjustment coefficient shall be annually promulgated and publicly announced by the Hi-Tech Park Management Board for each land area, route but shall not be lower than 1.0, and applied from January 01 every year.
Besides, the annual land rent fees shall be determined by multiplying the land rent by the land area subject to land rent.
This Circular takes effect on May 15, 2018.
