The National Assembly passes a resolution on extending the exemption period for agricultural land use tax. Image source: quochoi.vn
Accordingly, the National Assembly resolves to extend the exemption period for agricultural land use tax stipulated in Resolution No. 55/2010/QH12 dated November 24, 2010, on exemption and reduction of agricultural land use tax, as amended and supplemented by certain articles under Resolution No. 28/2016/QH14 dated November 11, 2016, and Resolution No. 107/2020/QH14 dated June 10, 2020, until December 31, 2030.
This resolution shall take effect from January 1, 2026. The Government shall detail and guide its implementation.
Previously, according to the report on explanation, reception, and amendment of the draft Resolution, the National Assembly Standing Committee stated: There were suggestions to extend the exemption period for agricultural land use tax beyond the scope of the draft Resolution (suggesting to extend the exemption period until the end of 2035). Regarding this matter, the National Assembly Standing Committee opined that in the context of rapid domestic and global economic changes, there has been no concrete assessment of the socio-economic development strategy for the period after 2030. The Government has not analyzed land-related matters, including agricultural land, to provide necessary grounds for proposing long-term policies (longer than the period specified in the draft Resolution).
Therefore, the National Assembly Standing Committee reported to the National Assembly to maintain the provision in the draft Resolution.
3 Reasons Why Sei Harmony is the Top Choice for Customers
In the bustling urban district of Binh Tan, Sei Harmony emerges as an oasis of Japanese-inspired living. This rare gem of a residential development offers a truly unique opportunity to immerse oneself in a bona fide Japanese lifestyle, right at the heart of the city. With a trio of prime assets – a central location, reputable developers, and a host of quality amenities – Sei Harmony presents the epitome of refined living, blending the essence of Japan with the vibrancy of modern Vietnam.
Hanoi Locals are ‘Shifting’ Away from the City Center, ‘Hunting’ for Real Estate in Hai Phong, Hung Yen, and Even Ho Chi Minh City
“In addition to prioritizing real estate purchases in Hanoi, many are also eyeing neighboring provinces such as Hai Phong (30%), Hung Yen (20%), and even Ho Chi Minh City (16%).”
“Proposed Minimum Wage Increase for 2026: A Boost for Vietnam’s Workforce”
The trade union organization has proposed an ambitious 9.2% increase in the minimum wage for regions with the highest cost of living, to take effect on January 1, 2026. This proactive approach aims to provide a substantial boost to workers’ purchasing power. However, representatives of employers prefer a more conservative adjustment, suggesting a 3% to 5% increase, to be implemented from the beginning of the next year.
“Data Protection Law: Buying and Selling Personal Data Can Lead to Fines of Up to 10 Times the Amount Earned from the Violation.”
For the unauthorized sale and purchase of personal data, fines can reach up to 10 times the value of the transaction. Violations regarding cross-border data transfers can result in a maximum fine of 5% of the previous year’s turnover, while other infractions carry a maximum penalty of VND 3 billion.
Establishing Risk Acceptance Criteria in Technology and Science: A Governance Framework
The Law on Science, Technology (amended) and Innovation has established a principle of accepting risks in scientific, technological, and innovative activities, along with appropriate risk management measures. The government is tasked with defining the criteria for determining acceptable risks, as well as the processes for evaluating compliance with procedures and regulations.
