The Ministry of Finance issued the Circular No. 77/2014/TT-BTC guiding a number of articles of the Government’s Decree No. 46/2014/ND-CP of May 15, 2014, on the collection of land rental and water surface rental.
Of which, the Ministry regulates In the course of management and monitoring, if competent state agencies detect that land users entitled to land rental and water surface rental exemption or reduction no longer satisfy the conditions for exemption or reduction or use land not for purposes stated in land lease decisions or contracts but are not subject to land recovery in accordance with the land law, tax offices shall identify and report them to competent agencies for decision on recovery of exempted or reduced land rental amounts according to land policies and prices at the time of land rental exemption or reduction plus late payment interest calculated on exempted or reduced land rental amounts at the level prescribed by the law on tax administration.
Besides, a significant content of the Circular is that operating projects annually paying land rental and water surface rental before July 01, 2014 are not under the subject of land rental and water surface rental exemption or reduction but are now under the subjects of land rental and water surface rental exemption or reduction according to the Decree No. 46/2014/ND-CP shall be exempted, reduced for remaining preferred time at the proposal of the investor.
This Circular takes effect on August 01, 2014.
Get in touch with us