Tighten the declaration of real estate transfer prices

However, recently, many tax units have had many specific solutions to tighten this activity in order to reduce the loss. State budget.

There are cases where the declared price of the transfer price shows the absurdity. An area of ​​​​more than 10,000 m2 of perennial crops in Thu Duc City, the declared price is only 1 billion VND. After investigating the price, the tax agency campaigned, the dossier was re-declared up to 40 billion VND. This means that the initial tax receivable level of nearly 20 million VND has now increased to 1 billion VND.

In order to be able to assess whether the transaction declaration is really appropriate or not, the tax authority must refer to many data sources such as the selling price of the same property in the latest time, the basis of real estate records. Real estate at tax offices with similar locations is the same area, the same area.

“For properties that are real estate and condominiums, in the process of processing the dossiers of the tax authorities, it is possible to collect the transaction prices at real estate exchanges, as well as the selling prices of the investors to These are all reliable sources of information for tax authorities to fight against acts of deliberately declaring wrong amounts of tax payable,” said Mr. Thai Minh Giao – Deputy Director of the Department. Ho Chi Minh City Tax Department said.

Illustration – Photo: VNA.

In 2021, more than 13,100 cases were requested by the Ho Chi Minh City Tax Department to re-declare the transfer price, thereby increasing revenue by VND 176 billion into the budget. According to regulations, depending on the severity, taxpayers who declare dishonestly will be fined from 1 time to 3 times the evaded tax amount, not to mention criminal prosecution.

Real estate experts said that since tightening the declaration of transaction prices, for apartments, due to price fluctuations in a narrow range, the declaration of prices is changing in the direction of following the market.

As for land plots with large price fluctuations and many virtual prices, the declaration of transaction prices for tax payment is still not close. In the long run, there should be regulations that bind transactions real estate transfer having to go through the bank will help the declaration more substantive.

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