Eliminate the provision of additional land fee collection in the draft amendment to the 2024 Land Law

The Ministry of Agriculture and Environment has drafted a law amending and supplementing a number of articles of the 2024 Land Law, and is seeking opinions from a number of units before finalizing the draft to submit to the National Assembly at the 10th session.

Notably, the draft law has amended and supplemented Article 257 in the direction of removing the provision on additional land fee collection.

Specifically, Point d, Clause 2, Article 257 stipulates as follows: The Government shall prescribe the application of land valuation methods and the amount of money that land users must pay additionally for the period of time not yet calculated for land use fees and land rent in the cases specified in Points a, b and c of this Clause.

Meanwhile, the draft law has been adjusted in the direction of "The Government shall prescribe the application of land valuation methods for the cases specified in points a, b and c of this clause".

That is, the regulation on collecting additional land fees for the period of time not yet calculated for land use fees and land rent has been eliminated.

This is the content that Tuoi Tre newspaper has continuously reflected through the series of articles "Unreasonable additional land fees" and has received many comments from the public.

Speaking to Tuoi Tre Online on the morning of July 29, leaders of many real estate businesses said that removing the regulation requiring additional land payment is reasonable because the delay in calculating land use fees is not the fault of the business. Therefore, when this regulation is removed, businesses will reduce their financial burden, directly impacting the cost structure, contributing to reducing housing prices.

Even many businesses avoid the risk of bankruptcy because for many businesses, the additional amount of 5.4% each year amounts to hundreds of billions, thousands of billions of VND.

Meanwhile, experts said that the law drafting agencies have listened to professional comments from public opinion to continue adjusting the law when practical implementation of the law has created problems that directly affect people and businesses.