15:16 | 14/05/2014 Economy
(VEN) - The Ministry of Finance issued Circular 48/2014/TT-BTC providing guidelines for extending the deadline of payments for land use charges and money to buy state-owned houses in accordance with Government Resolution 01/NQ-CP dated January 2, 2014.
According to the circular, real estate project investors, which have been allocated with state-owned land to build housing and infrastructure for sale and or lease and implement projects that have different purposes including construction of housing for sale and or lease but haven’t paid land use charges, can have their land use charge payment extended according to Resolution 01/NQ-CP.
According to the circular, investors that haven’t had land use charge payment extended in accordance with Government Resolution 13/NQ-CP dated May 10, 2012 or Government Resolution 02/NQ-CP dated January 7, 2013 can have land use charge payment extended according to Government Resolution 01/NQ-CP.
The second condition that investors have to meet to have land use charge payment extended according to Government Resolution 01/NQ-CP is that their projects made losses or had a high inventory value or hadn’t made revenue because found no buyer for their products while investment was already done.
Investors can have land use charge payment extended for no more than 24 months from when they receive the first land use charge payment request from the relevant tax authority or other state authorities and they shall not have to pay any fine for this late payment within this period.
The circular will take effect on June 10, 2014./.