DEBT OF LAND USE LEVY IS ALLOWED TO PAY BY INSTALLMENT IN 05 YEARS
On October 26, 2019 the Government issues the Decree No. 79/2019/ND-CP on amending and supplementing Article 16 of the Decree No. 45/2014/ND-CP dated May 15, 2014 of the Government on collection of land use levy.
According to the Decree No. 45/2014/ND-CP, the Government assigns for the Ministry of Finance to give instruction in order and process of land use levy debit. And in this new Decree, the Government amends a number of content on land use levy debit as follow:
Household and individual shall be allowed to pay the debt in installment in the period of 05 years from the issuing date of the resettlement land allocation decision of State competent authority and shall not have to pay the penalty for late payment in this period.
In case after 05 years from the issuing date of the resettlement land allocation decision of State competent authority, households or individuals failing to fully pay the debt written on the Certificate of land use rights, ownership of houses and other land-attached assets, they shall have to fully pay the remain amount of land use levy and penalty for late payment which is calculated on the basis of the remain amount with the rate accorded to law provisions on taxation management, from the expired date of the 05 years period to the date of payment.
Details on process and order for register of land use levy debit of household and individual at Tax agencies and other agencies are also regulated in content of this document.
This Decree takes effect on December 10, 2019.
