Responding to the Official Dispatch of the Ministry of Finance requesting comments on the Draft Decree regulating the reduction of land rent in 2024 to promote production and business, the Vietnam Federation of Commerce and Industry (VCCI), after consulting with businesses and experts, gave some opinions.
The draft proposes two options for reducing land tax payable in 2024: 15% and 30%.
VCCI commented that the policy of reducing land rent in the years 2020 - 2023 has brought positive impacts to the economy, helping businesses have more resources to restore production and business when affected by COVID-19.
Therefore, in the current context, VCCI recommends that the drafting agency choose option 2, applying a 30% reduction in land rent payable for 2024.
Regarding the 26 localities affected by Typhoon Yagi, VCCI expressed that the damage caused by Typhoon Yagi to the 26 northern localities was extremely severe. Enterprises in these provinces and cities are in dire need of support to soon restore production and business.
The Government also issued Resolution 143, which requires research into policies to exempt, reduce, and extend land and water surface rents for those affected or damaged by storms, floods, landslides, and landslides.
Therefore, it is recommended that the drafting agency study the land rent reduction for the 26 localities affected by the storm to be higher than the general reduction for the whole country.
"The policy will help businesses in these localities have more resources to restore production and business, create jobs and prepare welfare for workers for the upcoming Tet holiday," said a VCCI representative.
