The existing policy sets out the deadline for agricultural land tax exemption falls on December 31, 2020 according to the Resolution No. 55/2010/QH12 dated November 24, 2010 (amended by the Resolution No. 28/2016/QH14 dated November 11, 2016). By passing this Resolution, the National Assembly allows a 5-year extension ending in 2025.
This Resolution will grant tax exemption to the followings:
- All agricultural land intended for research and pilot production; land used for growing crops, including at least a rice crop season each year; land used for salt production.
- All agricultural land allocated by the State to poor households.
- All agricultural land occupied by the following beneficiaries:
+ Families or persons receiving State-allocated agricultural land, including inherited, gifted, donated land or land acquired after land use right ownership transfer;
+ Agricultural production families and persons contributing their agricultural land ownership to set up agricultural production cooperatives in accordance with the Law on Cooperatives,…
Resolution No. 107/2020/QH14 is set to take effect on January 1, 2021.
>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE
923