Ha Noi proposes to cut land taxes by 50%

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.

vietnamnews

>   Foreign cash could absorb supply glut (12/12/2012)

>   VinaCapital looks for exit door (12/12/2012)

>   Investors run away from “golden land,” BOT projects suspended (11/12/2012)

>   MoC looks to lift property market (11/12/2012)

>   Big guys rush to withdraw capital from property projects (08/12/2012)

>   Despite big difficulties, multi-billion dollar projects still wait in line (06/12/2012)

>   Star Hill’s next phase coming soon (05/12/2012)

>   Signs of life in bleak market (04/12/2012)

>   Indochina Land wins four awards (01/12/2012)

>   Anger smolders at Splendora (29/11/2012)