According to Lao Dong, according to Clause 1, Article 159 of the 2024 Land Law, from January 1, 2026, the land price list will be applied when:
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.
Notably, according to Clause 1, Article 257 of the 2024 Land Law, from January 1, 2026, provinces and centrally run cities will issue and apply a new land price list.
After that, the land price list will be adjusted, amended and supplemented annually (updated with land prices to suit the market for areas and types of land with fluctuations) instead of every 5 years as at present to comply with market principles (according to Clause 3, Article 159 of the 2024 Land Law).
Thus, the new land price list will be close to the market land price, the land price list from January 1, 2026 is likely to increase compared to the current land price list.
On the other hand, among the amounts payable when registering for the first issuance of a red book are the amounts calculated according to the land price on the land price list such as:
Land use fee.
Land rent (if any).
Registration fee.
Of which, the land use fee is the largest amount (however, there are some notable cases that do not have to be paid).
Thus, when applying the new land price list, land use fees, land rents (if any) and registration fees will all increase accordingly.
People who need to issue a red book for the first time should complete the issuance of a red book before January 1, 2026 because when the new land price list is applied, the cost of making a red book may increase compared to the present, according to the provisions of the 2024 Land Law.
