Reducing up to 30% of taxes, exempting land rent for agricultural businesses in storm-affected areas

According to Circular 4328/CT-CS sent to local tax authorities on October 10, organizations and individuals using non-agricultural land affected by storms and floods are eligible for exemption or reduction of land use tax depending on the extent of the damage. If the damage value is from 20% to less than 50%, a 50% reduction in the tax payable is granted, while damage of 50% or more results in a full exemption of the tax for the year in which the incident occurred. This is a key policy group aimed at supporting production households, agricultural processing facilities, and traditional craft villages that have suffered severe damage to infrastructure and workshops. For those renting land for agricultural, forestry, fishery, or salt production, the circular provides guidance on exemption or reduction of land rental fees according to the actual percentage of damage. If the damage percentage is below 40%, a corresponding reduction is applied. If it is 40% or more, the entire land ...