Decree No. 23/2003/L-CTN promulgates the Land Law, which was passed by the National Assembly of the Socialist Republic of Vietnam, Session XI on November 26, 2003. This decree stipulates the management and use of land within the entire country.
Key points
- The Land Law applies to individuals and organizations engaged in activities related to land throughout the country.
- Land users must comply with the provisions on registering land use rights as stipulated in Article 10 of the Land Law (land shall not be used for purposes other than those specified).
- State agencies with competent authority shall implement management and oversight of land use in accordance with the provisions of the Land Law.
- Individuals and organizations must comply with the provisions on transferring, leasing, and mortgaging land use rights as stipulated in Article 129 (transfers, leases, and mortgages contrary to the law are prohibited).
- The Land Law stipulates that the corporate income tax rate for real estate business activities is 20% according to Article 43.
🌐 Social impact of this document
- Positive impact: Creating a legal basis for effective land management and use, protecting the interests of citizens.
- Negative impact: It may cause difficulties in the process of transferring and leasing land if regulations are not strictly followed.
❓ Frequently asked questions
Who does the Land Law apply to?
The Land Law applies to individuals and organizations engaged in activities related to land throughout the country. (Article 1)
What must land users do according to the Land Law?
Land users must register their land use rights in accordance with the provisions of the Land Law and shall not use land for purposes other than those specified. (Article 10)
Is there a corporate income tax rate for real estate business activities?
Yes, according to the Land Law, the corporate income tax rate for real estate business activities is 20%. (Article 43)
Can individuals and organizations transfer, lease, or mortgage land use rights?
Yes, but they must comply with the provisions of the Land Law. Transfers, leases, and mortgages contrary to the law are prohibited. (Article 129)
When did the Land Law come into effect?
The Land Law was passed by the National Assembly of the Socialist Republic of Vietnam, Session XI, fourth session on November 26, 2003. (Article 91)
Full text
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PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM |
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Number: 23/2003/L-CTN |
Hanoi, December 10, 2003 |
ORDER
REGARDING THE ANNOUNCEMENT OF THE LAND LAW
PRESIDENT OF THE SOCIALIST REPUBLIC OF VIETNAM
BASED ON Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth Session of the Xth National Assembly;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 50 of the Law on Legislative Regulatory Documents;
NOW PROMULGATES:
The Land Law.
Was passed by the National Assembly of the Socialist Republic of Vietnam, Session XI, fourth session on November 26, 2003./.
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PRESIDENT OF THE STATE |
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