DNVN - VCCI proposed that the Ministry of Finance study the land rent reduction for 26 localities affected by Typhoon Yagi to be higher than the general reduction of the whole country, thereby helping businesses have more resources to restore production and business...
The Ministry of Finance is seeking comments on the Draft Decree regulating the reduction of land rent in 2024 to promote production and business (Draft).
According to the Draft, the Ministry of Finance has proposed two options for reducing land rent. Option 1 reduces 15% of land rent payable in 2024, and option 2 reduces 30% of land rent payable in 2024.
Commenting on this Draft, the Vietnam Confederation of Commerce and Industry (VCCI) said that the Draft submission shows that the budget collection situation in 2024 is very positive. In the first 6 months of the year, 60.4% of the estimate was collected, exceeding 16.42% over the same period. In the first 7 months of the year, 72.65% of the estimate was collected, exceeding 19.09% over the same period. Land rent and water surface rent have reached 91.63% of the estimate.
VCCI proposed that the drafting agency study the land rent reduction for 26 localities affected by storm Yagi higher than the general reduction for the whole country.
According to the draft submission, “…the 2024 budget revenue estimate approved by the National Assembly will be met and exceeded; the land rent reduction under this policy will not significantly affect the overall budget revenue…”.
VCCI assessed that the land rent reduction policy for the years 2020 to 2023 has had a positive impact on the economy, helping businesses have more resources to restore production and business when affected by the COVID-19 pandemic. The land rent reduction of the previous year was 30% and was considered reasonable.
Therefore, VCCI proposed that the drafting agency choose option 2, applying a 30% reduction in land rent payable for 2024.
According to VCCI, the recent damage caused by Typhoon Yagi to 26 northern localities was extremely severe. Enterprises in these provinces and cities are in dire need of support to quickly recover production and business. The Government has also issued Resolution 143, which requires research on policies to exempt, reduce, and extend land and water surface rents for those affected and damaged by storms, floods, landslides.
Therefore, VCCI proposed that the drafting agency study the land rent reduction for 26 localities affected by the storm higher than the general reduction of 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.
Minh Thu
Source: https://doanhnghiepvn.vn/kinh-te/chinh-sach/kien-nghi-giam-tien-thue-dat-cho-26-dia-phuong-chiu-anh-huong-bao-yagi/20241001113020876
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