Tax Relief

HCMC provides land tenants a tax break for Covid-19 | Ho Chi Minh Metropolis

Illustrative photo (source: SGGP)

According to the decision 27/2021 / QD-TTg on the reduction of the land lease for 2021 for those affected by the Covid-19 outbreak, organizations, companies, households and individuals who lease land directly from the state with annual lease payments enjoy a reduction of 30 percent in 2021.

This decision also applies to those who do not belong to the above list. In previous years, the reduction was not included in the rental debts.

The land leaseholder must submit the documents required pursuant to resolution no.27 to the tax offices of the districts, the department for economic zone administration, the export processing and industrial zone authorities and the authorized agencies from now until December 31st.

By Han Ni – Translated by Kim Khanh

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