Khanh Hoa Provincial Department of Taxation has recently directed branches to implement agricultural land use tax exemption according to new regulations. Time for the tax exemption is from January 1, 2017 to December 31, 2020.
Khanh Hoa Provincial Department of Taxation has recently directed branches to implement agricultural land use tax exemption according to new regulations. Time for the tax exemption is from January 1, 2017 to December 31, 2020.
| The National Asembly on November 11, 2016 adopted Resolution No. 28 on amending and supplementing a number of articles of Resolution No. 55/2010/QH12 on agricultural land use tax exemption and reduction. |
Accordingly, about 62,356 hectares of agricultural land will be exempted use taxes as from 2017, then more than 132,950 households will not have to pay about VND71 billion in total.
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Ninh Hoa Town is one of localities having the number of households and taxes with about 33,270 people on 18,982 hectares and VND18.2 billion. According to the leadership of Ninh Hoa Town Taxation Branch, to implement agricultural land use exemption, the branch has coordinated with the People’s Committee of communes to check and confine who are exempted the tax, how much the exempted tax is, then release taxation exemption decision.
In Cam Lam District, 26,880 people with 10,425 hectares of land are estimated to be exempted from agricultural land use tax in 2017. Total exempted tax is estimated to be VND14 billion. Nguyen Kien, a farmer in Cam Tan Commune, Cam Lam District, said, “We are very delighted at the policy on agricultural land use tax exemption. The policy partly supports and encourages investment in agriculture and rural areas, step up production.”
Nguyen Kim
Translated by T.T
