On June 7, 2024, the General Department of Taxation issued Official Letter No. 2442/TCT-CS regarding the exemption and reduction of non-agricultural land use tax.
The General Department of Taxation provided the following opinions on this matter:
Based on legal provisions, Circular No. 153/2011/TT-BTC stipulates the reduction of non-agricultural land use tax for investment projects in areas with difficult socio-economic conditions, in accordance with investment laws. The Investment Law of 2014 and 2020 provides investment incentives for projects in investment areas, excluding projects involving mineral extraction, and specifically outlines investment guarantees in cases of legal changes.
