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property tax
Property Tax Updates
5 factors strongly affecting car prices in 2019
The Vietnamese automobile market in 2019 is expected to have many fluctuations after a series of drafts are being considered such as increasing registration fees for pickup trucks, cars over 1.5 billion VND may be subject to property tax, etc.
Economy
Remove property tax threshold for houses worth 700 million VND
The drafting committee of the Law on Property Tax said it had removed the threshold for taxing houses at VND700 million from the draft, but has not yet finalized the tax based on market price, construction price or area.
Property tax law on houses and cars not considered until the end of... 2019
Secretary General of the National Assembly Nguyen Hanh Phuc said: The National Assembly's agenda for law and ordinance making until the end of 2019 still does not have the content of the Property Tax Law project, information on taxing houses from 700 million and cars from 1.5 billion and above is only at the department level of the Ministry of Finance.
How do countries tax real estate?
(Baonghean.vn) - In many countries, depending on the house value and purpose of use, the tax rates are also different.
Taxing houses over 700 million VND could push up real estate prices
Owning a house worth over 700 million VND will be subject to tax, which will greatly impact the real estate price level in the market in the coming time.
It is impossible to "collude" to reduce the price of cars by less than 1.5 billion VND to avoid paying property tax.
The price list for calculating car registration fees is also the basis for levying property tax on cars priced over VND 1.5 billion. Therefore, it is impossible to avoid paying property tax when the seller and buyer agree on a lower price to avoid paying annual property tax.
Cars over 1.5 billion VND may have to pay additional property tax
Taxation of airplanes, yachts, and cars worth over 1.5 billion VND was mentioned by the Ministry of Finance in the proposal to develop the Property Tax Law project.
Is it feasible to tax officials' assets of unknown origin?
DNUM_BBZAEZCABI 10:17
The draft law stipulates the collection of additional taxes of up to 45% of the value of assets and income. However, many opinions suggest specific regulations to ensure feasibility.
How should Vietnam tax second homes?
DNUM_AGZBBZCABG 20:53
The Ministry of Finance's research on property tax (which targets second homes and beyond) has received many proposals to study the practices of developed countries in the region and around the world before applying this tax.
Proposal to tax abandoned villas
DNUM_BIZAEZCABG 10:40
Accelerating asset liquidation, investing in infrastructure development or taxing houses are proposals to speed up the process...
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