Manufacturers enjoy lower rent
09/12/2011 09:25 am
Laws - The government issued Decision No 2093/QD-TTg on November 23 to reduce businesses’ land use rental costs for 2011 and 2012.
Enterprises conducting manufacturing businesses will enjoy a 50-per-cent reduction in rentals for leased land which is paid annually according to calculations under Decree No 121/2010/ND-CP.
The land rent charge is reduced only when such entities (i) have the proper and lawful use of the leased land, and (ii) have been subject to statutory increases in land rent charges at least twice in 2010. However, the reduced land rent charge cannot be lower than the land rent charge in 2010.
If the reduced charge remains twice the 2010 charge or more, the payable charge will be reduced to twice the 2010 charge. The new decision takes effect immediately.
Enterprises conducting manufacturing businesses will enjoy a 50-per-cent reduction in rentals for leased land which is paid annually according to calculations under Decree No 121/2010/ND-CP.
The land rent charge is reduced only when such entities (i) have the proper and lawful use of the leased land, and (ii) have been subject to statutory increases in land rent charges at least twice in 2010. However, the reduced land rent charge cannot be lower than the land rent charge in 2010.
If the reduced charge remains twice the 2010 charge or more, the payable charge will be reduced to twice the 2010 charge. The new decision takes effect immediately.
Source: VNS
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