The Ministry of Finance has not yet drafted a bill on property in the form of houses and land
Recently, the Ministry of Finance announced that it had not yet drafted a bill on property in the form of houses and land.
In particular, based on Plan No. 81/KH-UBTVQH15 dated November 5, 2021, the Standing Committee of the National Assembly, to implement the Politburo Conclusion No. 19-KL/TW and the Legislative Development Program Orientation Project for the 15th National Assembly period, which stated the task “Organize research and review to propose amendments and supplements or study and develop new legal documents, procedures and resolutions“, on 16 December 2021, the Prime Minister issued Decree No. 2114/QD-TTg announcing the Plan for Implementing the Politburo Conclusion No. 19-KL/TW and the Legislative Development Program Orientation Scheme of the Law on the XV National Assembly, which assigned the Ministry of Finance to assume the main responsibilities and perform the following tasks: Researching and reviewing the Non-Agricultural Land Use Tax Act (FLA).
The deadline for reporting to the Government is before 30 September 2022 and reporting to the DPR Standing Committee is no later than 30 December 2022.
Following the directions from 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, regions and organizations to review, assess the impact of implementing the Land Use Law. Taxes and Land Use Tax Law (Dispatch No. 1779/BTC-CST and No. 1804/BTC-CST dated February 24, 2022).
Currently, the Ministry of Finance has not developed a bill to gather opinions from organizations and individuals before it is submitted to the Government, the Standing Committee of the National Assembly, and the National Assembly.
Based on ministry, branch and regional issues and summarizing international experience, the Ministry of Finance will review and evaluate the implementation process of the Land Use Tax Law and the Foreign Land Use Tax Law to propose solutions. related to real estate to report to the competent authority according to the schedule specified in Decree No. 2114/QD-TTg, ensuring compliance with Vietnam’s socioeconomic conditions, in line with international practice, ensuring the consistency of the tax policy system related to assets and placing it in the reform of the overall tax policy system in the period 2021-2030.
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