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Ha Noi proposes to cut land taxes by 50%

Update: December, 15/2012 - 10:03

HA NOI (VNS)— Ha Noi proposed to the Government that the land use tax be halved for enterprises that lack land use right certificates or land leasing contracts to help them overcome their difficulties.

The city also proposed a review of the amendments of Decree No 121/2010/ND/CP, which covers land and water surface leasing fees, and recommended that policies on reducing land use fees and exempting certain enterprises from such fees continue to be implemented through 2013.

A value added tax reduction would also help support troubled enterprises, the city said.-VNS

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