Proposal to impose high taxes on short-term land trading to limit speculation

Như Hạ |

The draft revised Land Law proposes many new policies to combat speculation and land waste such as high taxes on abandoned land and short-term trading.

The draft revised Land Law has just been announced by the Ministry of Agriculture and Environment for comments until the end of August 10. In the submission, the Ministry said that after nearly two years of implementation, the 2024 Land Law still has some limitations, and it is necessary to continue to study and improve policies to unlock land resources to serve socio-economic development.

Accordingly, the Draft Land Law (amended) has supplemented financial policies on land and taxes to regulate land rent differences; manage and reasonably regulate the added value of land due to planning, infrastructure investment, land use purpose conversion, urban space expansion to combat group interests, corruption, and negativity; create resources to modernize priority infrastructure systems and renovate and embellish urban areas, develop policy housing and social security, ensure fair interests between the State, people, investors and the community; regulate land rent differences for surplus in real estate business and high tax policies for abandoned land, short-term purchase and sale with the aim of promoting land efficiency, combating wastefulness, sanitizing the real estate market, and limiting speculation.

Legalize regulations to clarify the responsibilities of competent organizations and individuals and resolutely recover abandoned land, used for wrong purposes, wasted; handle land violations as stipulated in Resolution No. 198/2025/QH15 of the National Assembly.

At the same time, the draft supplements sanctions for not putting land into use, slow putting land into use for waste and waste in the direction that in case of not putting land into use, administrative violations must be handled to force land into use, in case of not implementing, land is recovered; in case of slow putting land into use, economic measures are applied in the form of progressive payment according to the time of slow putting land into use, in case of not implementing, land is recovered. The handling of land violations must be synchronized with the handling of violations for investment projects.

Amending and supplementing regulations on the authority to resolve disputes, complaints, and denunciations related to land to be consistent with the 2-level local government organization.

According to the Ministry of Agriculture and Environment, this amendment aims to strongly shift from post-inspection to prevention, proactive supervision, ensuring that all land management decisions are public, transparent, and trace the responsibilities of each organization and individual, in order to prevent corruption, negativity, group interests, and land loss and waste from an early and distant stage.

At the same time, in order to improve the effectiveness and efficiency in resolving complaints, denunciations, and land disputes, promoting the role and responsibility of administrative agencies and Courts.

Ensure effective use of surplus headquarters and workplace land funds, land originating from equitization and divestment of state-owned enterprises; overcome the situation of reviewing, adjusting, and approving land use plans and organizing the implementation of prolonged auction and bidding procedures, generating many intermediate procedures, slowing down the process of putting land into exploitation and use, affecting the efficiency of mobilizing land resources to serve socio-economic development.

Removing obstacles for the land use of state-owned enterprises, enterprises with land funds originating from equitization of state-owned enterprises, access, exploitation and effective promotion of land use rights value in investment, production and business activities subject to concurrent adjustment of land law, law on management and use of public assets, law on management of state capital in enterprises and law on equitization of state-owned enterprises

Như Hạ
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