Land price list issued annually
The 2024 Land Law stipulates that the land price list is issued annually, applicable from 2026. Accordingly, the Provincial People's Committee will develop and submit to the Provincial People's Council for decision on the first land price list for promulgation and application from January 1, 2026.
Every year, the Provincial People's Committee submits to the Provincial People's Council a decision to adjust, amend, and supplement the land price list for promulgation and application in the following year.
The valuation method according to the provisions of the current Land Law includes: methods of comparison, income, surplus, adjustment of price coefficients, and other land valuation.
11 cases of applying the land price list from 2026
Below are the cases of applying the land price list:
Calculating land use fees when the State recognizes the right to use residential land of households, individuals or land with changed land use purposes.
Calculating land rent when the State leases land and collects annual fees.
Calculating land use tax.
Calculating income tax from transferring land use rights to households and individuals.
Calculating fees in land management and use.
Calculating fines for administrative violations in the land sector.
Calculating compensation for the State when causing damage in land management and use.
Calculating land use fees and land rents when the State recognizes land use rights in the form of land allocation with land use fees collected, land rents with one-time payment for the entire lease term.
Calculate the starting price for auctioning land use rights when the State allocates land or leases land in cases where the land has been invested in technical infrastructure.
Calculating land use fees in cases of land allocation without auction.
Calculating land use fees in cases of selling state-owned houses to tenants.
In short, the land price list applies when calculating land use fees, income tax from land transfer, land rent, land management and use fees, land use tax, fines or compensation for violations or to calculate starting price when auctioning land use rights.
