On February 29, 2024, the General Department of Taxation issued Official Dispatch No. 756/TCT-CS 2024 on instructions for land rent exemption during the basic construction period. Accordingly, in the application for land rent exemption or reduction, the tax authority coordinates with relevant agencies to determine the basic construction time and issue a decision on land rent exemption for each investment project but up to no more than 03 years from the date of land lease decision.
In case the Investment Certificate or Investment License or Investment Registration Certificate or Investment Policy Decision of the competent authority issued for the first time in accordance with the law states the basic construction time ( project implementation progress), the tax authority, based on the Investment Certificate, Investment License, Investment Registration Certificate, shall issue a decision to exempt land rent for each project but not exceeding 03 years from the date of the decision to lease the land.
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