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Proposal to calculate 20% tax on each real estate transfer transaction
The Ministry of Finance is seeking comments on the draft revised Law on Personal Income Tax, notably the proposal to impose a 20% tax rate on income from real estate transfers.
Market
Houses worth over 700 million will have to pay tax
At the press conference announcing the draft Law on Property Tax on the afternoon of April 13, Mr. Pham Dinh Thi - Director of the Tax Policy Department, Ministry of Finance said that in the future, houses will be subject to property tax.
Professor Dang Hung Vo: 'There is no book written about taxing second homes'
Former Deputy Minister of Natural Resources and Environment said that there should be no tax on second homes, only tax or not tax on houses.
Prime Minister requests clarification on proposal to tax second homes
Prime Minister Nguyen Xuan Phuc has just asked the Ministry of Finance to carefully study information reflecting on the proposal to tax second and higher-level houses.
Will there be a tax on people who own two or more properties?
The Ministry of Finance has just completed a special report on tax policy for real estate, including a proposal to tax people who own two or more houses or lands.
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