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Sunday, July 21, 2024

HCMC cuts land rent for Covid-affected individuals, organizations

By T. Huy

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HCMC – The HCMC Tax Department has announced rent cuts for land and water surfaces for those affected by the Covid-19 pandemic in compliance with a Government resolution.

According to the HCMC Tax Department’s Notification No. 1465, rent reductions for land and water surfaces are applicable to the year 2022.

Those entitled to the rent reductions are organizations, businesses, households and individuals in HCMC that pay annual land and water surface rent, including those not subject to a reduction and those enjoying a reduction pursuant to the law.

The municipal authorities will apply a 30% cut on the rent for land and water surfaces payable in 2022, not including rents payable prior to 2022.

Applicants for the rent reductions need to write to the local tax departments or the management boards of economic zones or hi-tech parks where they are based.

The documents, including the request pursuant to Decision No.01/2023 of the Prime Minister and the decision on land rent, could be submitted via electronic means, in person or by post prior to March 31, 2023.

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