TO EXEMPT THE LAND USE LEVY FOR PROJECTS IN AN ECONOMIC ZONE
In accordance with the Decree No. 35/2017/ND-CP dated April 03, 2017 of the Government prescribing the collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones, land use levy exemption and reduction are not allowed for projects that are allocated by the State land with land use levy in economic zones to construct commercial houses for sale or for combined sale and lease.
Lessees of land and water surface in economic zones may only enjoy land and water surface rental exemption and reduction after they carry out procedures to request such exemption and reduction under regulations. Land rental shall be exempted for the capital construction period which must not exceed 3 years counting from the date of issuance of the land lease decision by a competent state agency. After the period of capital construction during which land rental is, land rental shall be further exempted from 11 – 19 years. Land rental and water surface rental exemption and reduction shall not be applied to mineral extraction projects.
Also in accordance with this Decree, land for construction of houses for lease to specialists and workers working in the hi-tech zone according to the plan approved by a competent state agency; land for construction of non-business works of public non-business units; land for constructing traffic works, technical infrastructure, greenery quarters, land with water surface, public parks according to the general plan and construction sub-zone plan; land for construction of hi-tech human resources training facilities in accordance with the hi-tech law…shall be exempted for the land rental.
This Decree takes effect on June 20, 2017.
