| THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No. 23/2006/TT-BTC | Hanoi, March 24, 2006 |
CIRCULAR
GUIDING THE DETERMINATION OF PAID LAND USE LEVIES AND MONEY AMOUNTS PAID FOR THE TRANSFER OF LAND USE RIGHTS TO BE OF STATE BUDGET ORIGIN UNDER THE GOVERNMENT'S REGULATIONS GUIDING THE IMPLEMENTATION OF THE LAND LAW
In furtherance of the Government's regulations guiding the implementation of the 2003 Land Law, the Finance Ministry guides the determination of paid land use levies and money amounts paid for the transfer of land use rights to be of state budget origin as follows:
1. Subjects and scope of application:
a/ Economic organizations which have paid land use levies for land allotted by the State or for land with its use purpose changed or have paid money for the lawful transfer of land use rights.
b/ Determination of the origin of land use levies already paid to the State, money amounts paid for the lawful transfer of land and money amounts paid for the change of land use purposes.
2. Land use levies already remitted into the state budget and money amounts paid for the transfer of land use rights are determined to be of state budget origin in the following cases:
a/ Economic organizations are allotted land by the State with collection of land use levies but those land use levies and money amounts payable for the transfer of land use rights have been paid from the state budget and the economic organizations need not recognize those amounts as state capital or as debts owed to the State.
b/ The State allots land to economic organizations without collection of land use levies which these organizations need not recognize as state capital or debts to the state budget.
c/ The State allots land to economic organizations that are liable to collection of land use levies but entitling these organizations to exemption from land use levies.
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