Law governing taxes on land use right assignment.

With a view to strengthening the State management of the land, encouraging efficient land use, ensuring equity in tax obligations and supplementing the State budget with part of the income of the land user who assigns his/her land use rights, a tax on the transfer of land rights is introduced by the present Law. Organizations, family households or individuals that have the right to use land, including the land on which there is a house or an architectural object, shall pay a tax on the assignment of land-use rights when they assign such rights in accordance with law, except for cases provided for in article 2 of this Law. The cases set out in article 2 are exempt from the tax. The bases for calculating the tax on land-use right assignments are the acreage of the land, the value of land and the tax rate (art. 5). Transfer of rights of use on land for agriculture, forestry, aquaculture and salt production is taxed at ten percent. If the change is from non-agricultural to an agricultural purpose, the tax shall be zero percent. (29 articles)

Amended by: Law on amendments to a number of articles of the Law on Land Use Right Transfer Tax (no. 17/1999/QH10). (1998-12-02)