Vietnam Real Estate News

Vietnam Housing Market News

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

MOF proposes three solutions for tax on houses   2010-01-20 - VNE

The Ministry of Finance still has not decided whether to tax houses or let them be exempt.


As a result, it is collecting public opinion for the Housing Tax Bill before submitting it to the Government.


Following previous times when they have put the housing tax plan on the table at National Assembly’s meetings and failed to get support from National Assembly deputies, the Ministry of Finance is making amendments to the bill to make it more palatable.


Whether to tax houses has still been left open. However, the ministry has suggested has spelled out three different options.


In Option 1, the tax people have to pay will be calculated based on the taxable areas of houses. The area to be the threshold for taxation is 200 square meters.


The taxable areas of houses are the total areas of houses or apartments, including the areas of balcony and supplementary items. In cases where individuals own many houses, the taxable areas will be the total areas of all houses and apartments.


The tax sums on houses will be stabilized every 5-year commencing from the first year the Housing Tax Law takes effect.


With the Option 2, tax will be imposed on the houses valued at one billion dong and upwards. The taxable value of houses will be defined by the total area multiplied by the unit price


With the Option 3, MOF plans to collect tax only from the individuals who have two houses or apartments or more. In this case, the taxable area will be the area of the second, third and next houses.


MOF has also discussed proposed solutions on tax exemptions and reductions to be applied to some subjects.


If the new proposals get approval in the next sessions of the National Assembly, MOF hopes the law will take effect on January 1, 2012.

Other news

Real estate top investment for Viet Kieu   2010-01-18

Boom in medium, low-cost apartments   2010-01-17

Hanoi’s Thirst For Second Homes   2010-01-06

Real Estate Market 2010 To Thaw   2010-01-05

Vietnam Financial Center To Break Ground Next Year   2009-12-23

Antique house market gathers in Khanh Hoa province   2009-12-15

The fate of Dubai World’s projects in Vietnam   2009-12-09

Office rental rates scorching hot after MOC’s decision   2009-11-30

No recovery in office rental sector   2009-11-29

Vincom stock rises to record on Singapore bond sale   2009-11-10

Speculators let high-end apartments pass   2009-11-10

Smooth Road Pledged For Real Estate Projects   2009-11-07

Foreign Investment Tumbles In HCMC   2009-11-03

Real estate unaffected by 2nd stimulus package   2009-11-02

Vietnam New Homes and Real Estate Development Projects

Binh Phu Condos and Townhomes

Phu Thanh Condominium Project

Hoang Anh Condos and Housing

An Lac Building

Hung Vuong Building

The Mansion Building