Additional regulations on determining land rent

On January 30, 2018, the Ministry of Finance issued Circular 11/2018/TT-BTC amending Circular 77/2014/TT-BTC guiding Decree 46/2014/ND-CP regulating the collection of land rent and water surface rent. Accordingly:

In case the person who is leasing land from the State is using a house or land at a mixed-use construction project owned by the state or has an area under the management of the State without being able to separate the land area for each user:

Land rent payable is allocated to each user according to the allocation coefficient multiplied by (x) the floor area used by each user and applies from July 1, 2014.

In there:

– The allocation coefficient is determined by the ratio between the land area for land rent calculation and the total floor area used by the subjects.

– In case the house has a basement, 50% of the basement area is added to the total usable floor area of ​​the construction to calculate the allocation coefficient.