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property tax
Property Tax Updates
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
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.
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.
"Real estate will not be subject to property tax for the next two years"
Tax industry representatives confirmed that the Law on Property Tax cannot be issued in 2018 and 2019 because it is still in the research phase.
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.
The ultimate goal
(Baonghean) - After all, whether people sell fake goods or impose taxes in a brutal way, they all aim for one goal: people's wallets.
Regarding the property tax proposal, the Prime Minister spoke out, that is not the final conclusion.
DNUM_BHZAEZCABI 16:43
The Government leader asked the Ministry of Finance to "continue to listen to further" comments related to the property tax proposal.
Property tax law on houses and cars not considered until the end of... 2019
DNUM_BHZAEZCABI 15:58
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?
DNUM_BHZAEZCABI 08:24
(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
DNUM_BGZAEZCABI 06:46
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.
11 cases where houses will be exempt from property tax even though their value is greater than 700 million
DNUM_BFZAEZCABI 19:04
The draft property tax on houses worth over 700 million is attracting much public attention. Below are 10 cases that will be completely exempted from tax.
List of cars that may be subject to property tax in Vietnam
DNUM_BFZAEZCABI 12:48
The Ministry of Finance has just proposed a property tax on cars worth from 1.5 billion VND. How does this issue actually affect the car market? Which cars are affected?
Low income people also have to pay property tax?
DNUM_BFZAEZCABI 07:27
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?
DNUM_BEZAEZCABI 17:23
The proposed Property Tax Law will make car buyers from 1.5 billion pay 0.4% tax, or from 6 million and up.
Why does the Ministry of Finance propose to collect Property Tax?
DNUM_BEZAEZCABI 17:04
The Ministry of Finance said that currently, 174 out of 193 countries and territories collect property taxes annually.
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.
Houses worth over 700 million will have to pay tax
DNUM_BEZAEZCABI 06:55
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.
Cars over 1.5 billion VND may have to pay additional property tax
DNUM_BDZAEZCABI 19:00
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.
Bank bosses banned from accepting brokerage commissions
DNUM_BGZADZCABI 08:13
The Ministry of Finance has just issued Circular No. 16/2018/TT-BTC guiding a number of articles on the financial regime for credit institutions (CIs) and branches of the State Bank of Vietnam (SBV). This Circular officially takes effect from March 26.
National Assembly approves special mechanism for Ho Chi Minh City development
DNUM_CEZBBZCABH 16:51
The National Assembly has not yet allowed Ho Chi Minh City to pilot a property tax, but has proposed that the Government study the Property Tax Law applicable nationwide.
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