On June 11, 2024, the General Department of Taxation issued Official Letter No. 2498/TCT-CS regarding the recording of receipts and expenditures for the transfer of land use rights.
Based on Article 4 of Decree No. 46/2014/NĐ-CP dated May 15, 2014, by the Government regulating the collection of land rent and water surface rent; Article 5, Clause 5 of Article 6 of Circular No. 77/2014/TT-BTC dated June 16, 2014, by the Ministry of Finance providing guidance on some provisions of Decree No. 46/2014/NĐ-CP dated May 15, 2014, by the Government regulating the collection of land rent and water surface rent:
The legislation on the collection of land rent and water surface rent, as stipulated in the Land Law of 2013, only provides for the recording of receipts and expenditures in cases where the lessee voluntarily advances compensation money for land clearance and is deducted from the land rent payable; there is no provision for recording receipts and expenditures in cases where economic organizations receive the transfer of legitimate land use rights from organizations or individuals to implement investment projects, necessitating a change in land use purpose and payment of land rent as stipulated in Articles 57 and 73 of the Land Law of 2013.
