77,000 people to be exempt from agriculture land use tax

Thứ Sáu, 16/09/2016, 08:04

Chairman of Committee on National Defense and Security Võ Trọng Việt said the total amount of money for the tax exempt each year (about VND 34 billion) is nothing compared to losses in several recent cases, which can account for such tax exempt for hundreds of years.

During the morning session (September 15th), the Standing Committee of National Assembly discussed the draft Resolution on amendments and supplements to several articles of Resolution No. 55/2010/QH12 on exemption and reduction of tax on agriculture land use.

As stated in the amended draft Resolution, thanks to the additional exemption, the total amount of tax exemption is expected to be approximately VND 53.5 billion, total area of agricultural land is some 93,917 ha and over 77,000 people to be beneficial with such movements.

Chairman of N.A Committee on National Defense and Security Võ Trọng Việt

Particularly with households and individuals, the amount of the exemption is supposed to be some VND 34.3 billion, 67,333 ha of agriculture land, benefitting over 75,000 people.

Discussing at the conference, the vast majority of participants expressed their support towards the amended resolution. Mr. Võ Trọng Việt, Chairman of the N.A Committee on National Defense and Security said the CPV and the State always give priorities to agriculture-related areas with certain major policies, contributing to the ensured food security and stability of our society. However, poor land management might result in other obstacles and inequality in our community.

N.A Vice Chairman Phùng Quốc Hiển

As shared by the Chairman, the total amount of annual exempted tax on agriculture land (some VND 34 billion) is nothing compared to the losses in the case of Trịnh Xuân Thanh (VND 3,200 billion) and that of Phạm Công Danh (VND 9,000 billion), which can contribute to the tax exemption for farmers in 100 and 300 years.

“Provided that the prevention against corruption and waste is carried out well, the problems related to our state budget or tax exemption will be well solved”, said the Chairman.

Q.Vinh