Headlines 04/07/2020 10:49 SA

Expiration date of agricultural land tax exemption to be extended till end of 2025

Quý Tân

According to the Resolution No. 107/2020/QH14 regarding extension of the expiration date of agricultural land tax exemption already passed by the XIVth National Assembly in the 9th meeting session on June 10, 2020, the term of agricultural land tax exemption is about to be extended till end of December 31, 2025.

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.

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