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Law on Property Tax
Updated news related to Property Tax Law
Proposal not to increase personal income tax when transferring second or more real estate
According to HoREA, the current pilot program to increase taxes on residential land and personal income tax when transferring a second or more property in Ho Chi Minh City is unreasonable.
Economy
Remove property tax threshold for houses worth 700 million VND
The drafting committee of the Property Tax Law said it has removed the VND700 million house tax threshold from the draft, but has not yet finalized the tax based on market price, construction price or area.
Finance Minister: No VAT increase, further research 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; Converting the investment form of Cua Hoi bridge; The Government has not yet 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 laws on houses and cars will not be reviewed 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 earners 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, meaning from 6 million and up.
It is impossible to "collude" to reduce the price of a car by less than 1.5 billion VND to avoid paying property tax.
April 14, 2018 14:38
The price list for calculating car registration fees is also the basis for levying property tax on cars valued at 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
August 13, 2017 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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