According to regulations, people whose land is recovered are obliged to return the land to the organization that carries out the task of site clearance and resettlement. If they are entitled to compensation for land and assets attached to the land, they are entitled to compensation according to regulations.
Accordingly, when eligible for compensation, the agencies and organizations responsible for compensation must make payment within the prescribed time limit, specifically at Point a, Clause 3, Article 94 of the 2024 Land Law, which stipulates the time limit for payment of compensation, support, and resettlement as follows:
- Within 30 days from the date the decision approving the compensation, support and resettlement plan takes effect, the agency, unit or organization implementing the compensation must pay compensation and support to the person whose land is recovered and the property owner.
Thus, the agencies/organizations/units responsible for compensation must make compensation within 30 days from the date of decision approving the plan.
In case the payment is made after the 30-day period, the agency/organization/unit must pay an additional amount equal to the late payment amount calculated on the late payment amount and the late payment period. (based on Point b, Clause 3, Article 94 of the 2024 Land Law).
Referring to Clause 2, Article 59 of the Law on Tax Administration 2019, the additional payment amount is calculated based on late payment as follows:
Additional payment rate of 1 day = 0.03% x Amount of late tax payment
The time for calculating late payment is calculated continuously from the day following the date of late payment to the day immediately preceding the date of compensation, support and resettlement payment.
