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Property Tax Law
Updated news related to Property Tax Law
Proposal not to increase personal income tax when transferring 2 or more real estate properties
According to HoREA, the current pilot of increasing taxes on residential land and increasing personal income tax when transferring a second or more real estate in Ho Chi Minh City is unreasonable.
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.
Finance Minister: No VAT increase, further study on property tax
The leaders of the Ministry of Finance affirmed that taxes will be studied in the direction of expanding the subjects, tax bases and reasonable tax rates.
Outstanding direction and management of the Government and Prime Minister last week
(Baonghean.vn) - Many policies to develop rural industries; Changing the investment form of Cua Hoi bridge; The Government has not considered the proposal of the Law on Property Tax; Administrative violations in the fertilizer sector will be fined up to 200 million VND;... are the outstanding directions of the Government and Prime Minister last week.
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.
Low income people also have to pay property tax?
With the plan that houses over 700 million VND must pay property tax, many experts believe that the Ministry of Finance has "included" low-income people in the taxable category.
Cars from 1.5 billion VND are expected to pay how much property tax?
The proposed Property Tax Law will make car buyers from 1.5 billion pay 0.4% tax, or from 6 million and up.
It is impossible to "collude" to reduce the price of cars by less than 1.5 billion VND to avoid paying property tax.
DNUM_BEZAEZCABI 14:38
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.
Proposal not to tax second homes under 1 billion VND
DNUM_BDZAIZCABH 06:04
In the initial stage, a moderate tax rate should be applied, suitable to the people's capacity. For those who own a second home or more, a graduated tax rate should be applied depending on the quantity and value of the property.
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