On June 11, 2024, the General Department of Taxation issued Official Letter No. 2499/TCT-CS concerning the clarification of land rent policy.
In accordance with Clause 2, Article 2 of Decision No. 1387/2005/QĐ-TTg dated December 29, 2005, by the Prime Minister on handling regulations on illegal preferential treatment and incentives for investment issued by the People's Committees of provinces and centrally-run cities; and Point a, Clause 1 of Article 59 of the Tax Administration Law No. 38/2019/QH14:
If taxpayers have been granted preferential treatment beyond the prescribed limits by competent authorities, such preferential treatment beyond the legal framework must be revoked, and the overdue land rent must be paid in accordance with Clause 2, Article 2 of Decision No. 1387/2005/QĐ-TTg dated December 29, 2005, by the Prime Minister. In cases where taxpayers are late in paying taxes beyond the deadline stated in the tax authority's notice, late payment penalties must be paid as stipulated in Point a, Clause 1 of Article 59 of the Tax Administration Law.
