Under a resolution adopted by the National Assembly on June 26, tax exemption on the use of agricultural land will be extended until the end of 2030.

The new resolution will take effect on January 1, 2026.

The move aims to uphold the results of the policy to remove agricultural land use taxes in support for agriculture and rural development.

The exemption tax has been in place since 1993 and has received strong support from local governments for its role in encouraging land use and food production.

The exempted tax amount is estimated at VND7.5 trillion ($287 million) per year and would not create any new burden on the budget, as the policy is already in effect, according to the Ministry of Finance in its proposal on the tax exemption extension submitted to the National Assembly earlier.