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Conference on Regulations Regarding Land Use Fees, Land Rental Fees, and the Land Development Fund, August 20, 2024. (Photo: Vietnam+)
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In accordance with the Plan for the Implementation of the Land Law No. 31/2024/QH15, the Ministry of Finance requested that provinces and centrally-run cities urgently issue the rates (%) for land rental fee calculations, to be applied to dossiers arising from August 1, 2024.
This was emphasized by Mr. Bui Van Khang, Deputy Minister of Finance, at the Conference on Regulations Regarding Land Use Fees, Land Rental Fees, and the Land Development Fund, held on August 20, 2024.
Previously, the Ministry of Finance had taken the lead in coordinating with ministries, sectors, and localities to develop and submit to the Government for issuance of Decree No. 103/2024/ND-CP on land use fees and land rental fees and Decree No. 104/2024/ND-CP dated July 31, 2024, on the Land Development Fund in accordance with the Land Law of 2024.
Based on this, Deputy Minister Bui Van Khang requested that ministries, sectors, and localities pay attention to certain contents regarding cases of land rental with an annual percentage rate ranging from 0.25% to 3%. The minimum rate is lower than or equal to 50% of the rate specified in the Land Law of 2013.
In addition, for land used to build underground works, the land rental price shall not exceed 30% of the land rental price on the surface (with the same land lease form and land use purpose). In the case of land with water surface, the price shall be calculated at no less than 20% compared to the land of the same adjacent type (assuming the same land use purpose and lease term).
Based on local realities, Deputy Minister Bui Van Khang requested that the Provincial People’s Committees soon issue the rates to calculate the land rental prices, the rates to collect for land with underground works and water surfaces, and decide on specific land prices to serve as a basis for calculating land use fees and land rental fees (after obtaining the opinion of the same-level People’s Council). Especially, it is necessary to define the responsibility of the finance agency in presiding over the construction and submission to the Provincial People’s Committee for the issuance of specific rates to determine the above-mentioned land rental prices.
The Deputy Minister also requested that ministries, sectors, and localities pay attention to some provisions related to land prices for calculating land use fees and land rental fees; exemption and reduction of land use fees and land rental fees; handling of compensation, support, and resettlement expenses; and implementation organization. Decree No. 103/2024/ND-CP stipulates the responsibility of the Provincial People’s Committees…
At the conference, Ms. Nguyen Thi Thoa, Deputy Director of the Department of Public Property Management (Ministry of Finance), introduced some main contents of Decree No. 103 and specific guidance on land use fees (including calculation, collection, payment, exemption, reduction of land use fees; handling of compensation, support, resettlement expenses, and recording of land use debt) and land rental fees (including calculation, collection, payment, exemption, reduction of land rental fees; handling of compensation, support, and resettlement expenses).
Regarding the Land Development Fund, localities shall manage the Fund’s operating capital (charter capital and other legally mobilized capital) in accordance with the provisions of the Decree and perform tasks such as capital allocation, issuance of regulations on competence, process for making, and approval of capital allocation plans from the Land Development Fund…
Mr. Nguyen Tan Thinh, Director of the Department of Public Property Management (Ministry of Finance), provided detailed information on the new contents of Decree No. 104 and some notes on its implementation.
In addition, Mr. Thinh also answered and clarified many contents that the delegates cared about related to the financial land policies stipulated in the two decrees, such as the method of calculating and collecting land use fees; the principle of exemption and reduction of land use fees; the rights and capital sources of the Land Development Fund; and the capital allocation plan and conditions for capital allocation from the Land Development Fund…
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