Entities or individuals hiring land or water surfaces in economic zones shall be eligible for reduction and exemption only after all required application procedures have been completed, subject to the provisions of this Circular as shown below:
- If those who qualify for such exemption or reduction do not implement prescribed application procedures, they are obliged to pay stipulated land and water surface rents.
- If application for such exemption or reduction is deferred, these entities or individuals will not be eligible for any exemption or reduction during the deferral period.
- If application for such exemption or reduction is submitted after the prescribed expiry date, they will not be eligible for any exemption or reduction as provided by the Decree No. 35.
- If application for such exemption or reduction is submitted within the validity period of such exemption or reduction, they will be granted exemption or reduction for the remaining rental period from the date of completion of their legitimate application.
The Circular No. 89/2017/TT-BTC enters into effect from October 6, 2017.
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