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The Ministry of Finance has not yet developed a draft Law on property being houses and land

Recently, The financial publicize information on the lack of drafting of the Law on properties being houses and land.

Pursuant to the Plan No. 81/KH-UBTVQH15 dated November 5, 2021 of the National Assembly Standing Committee, to implement Conclusion No. 19-KL/TW of the Politburo and the Scheme on Orientation of the Law Development Program The 15th National Assembly term, which states the task of “Organizing research and review to propose amendments, supplements, or studying and developing new legal documents, ordinances and resolutions”, dated December 16. In 2021, the Prime Minister issued Decision No. 2114/QD-TTg promulgating the Implementation Plan for Conclusion No. 19-KL/TW of the Politburo and the Scheme on Orientation of the Law-making Program for the term of the National Assembly. XV, accordingly assigns the Ministry of Finance to assume the prime responsibility for and perform the following tasks: Research and review the Law on Tax on Non-Agricultural Land Use (FLA).

The deadline for reporting to the Government is before September 30, 2022 and reporting to the National Assembly Standing Committee, no later than December 30, 2022.

Following the directions of the Standing Committee of the National Assembly and the Prime Minister in the above documents, the Ministry of Finance is currently asking relevant ministries, branches, localities and organizations to review , assessing the impact on the implementation of the Law on Land Use Tax and the Law on Land Use Tax (Dispatch No. 1779/BTC-CST and No. 1804/BTC-CST dated February 24, 2022).

Currently, the Ministry of Finance has not yet developed a draft Law to collect opinions from organizations and individuals before submitting it to the Government, the National Assembly Standing Committee and the National Assembly.

Based on the problems of ministries, branches and localities and summarizing international experiences, the Ministry of Finance will review and evaluate the implementation process of the Law on Land Use Tax and the Law on Foreign Land Use Tax to propose solutions. measures to complete tax policies related to real estate, report to competent authorities according to the schedule specified in Decision No. 2114/QD-TTg, ensuring compliance with Vietnam’s socio-economic conditions , in line with international practices, ensuring the consistency of the tax policy system related to assets and placing it in the overall reform of the tax policy system for the period 2021 – 2030.

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