Social housing

Hai Duong considers exempting land rent for investors of socialized, non-profit projects

SNOW WIND December 7, 2024 17:14

Hai Duong Provincial People's Council will consider a policy of exempting land rent for the entire duration of operation for investors of socialized, non-profit projects.

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Hai Duong Provincial People's Committee proposed the Provincial People's Council to issue a resolution on the policy of exempting land rent for the entire term for socialized, non-profit projects (illustrative photo)

The People's Committee of Hai Duong province has submitted a document on the issuance of a resolution stipulating preferential land rent exemption for projects using land for production and business purposes in investment incentive sectors and occupations that meet the conditions of type, scale criteria, socialization standards or non-profit projects in the province.

This content will be considered and decided by the Hai Duong Provincial People's Council at the 28th Session opening on December 9 (regular year-end session).

The Resolution applies to projects using land for production and business purposes in sectors and trades eligible for investment incentives in Hai Duong province that meet one of two conditions: the project is in the list of types, scale criteria, and socialization standards decided by the Prime Minister (socialized investment projects) or is a non-profit project.

Hai Duong Provincial People's Committee proposed to exempt land rent for the entire project operation period (maximum 50 years) for socialized investment projects and non-profit projects in the list of investment incentive industries and professions according to regulations.

If approved by the Hai Duong Provincial People's Council, the resolution may take effect from the date of issuance until the end of 2030.

Recently, the consideration of land rent exemption for socialized projects in the province has been implemented according to the provisions of Article 6 of Decree No. 69/2008/ND-CP dated May 30, 2008 and Decree No. 59/2014/ND-CP dated June 16, 2014 of the Government, Decision No. 27/2023/QD-UBND dated August 10, 2023 of the Provincial People's Committee stipulating preferential land regimes for socialized investment projects in the fields of education, vocational training, health, culture, sports and environment in urban areas in the province.

However, Clause 3, Article 53 of Decree No. 103/2024/ND-CP dated July 30, 2024 of the Government regulating land use fees and land rents abolishes the provisions on preferential exemption and reduction of land rents for projects in the socialized sector as prescribed in the above two decrees, so the policy of exempting land rents for socialized projects in the province ceases to be effective.

The issuance of the People's Council resolution aims to perfect the legal framework to promote the attraction of socialized investment projects and non-profit projects in the province.

SNOW WIND
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Hai Duong considers exempting land rent for investors of socialized, non-profit projects