Deputy Prime Minister assigned the Ministry of Finance to study and supplement real estate tax to avoid speculation
Deputy Prime Minister Le Minh Khai has just signed Decision No. 508/QD-TTg approving the tax system reform strategy to 2030 in order to maintain the ratio of mobilization to the state budget from taxes and fees at a stable and reasonable level. .
Under this Strategy, property-related taxes (including agricultural and non-agricultural land use taxes) will continue to be exempt from agricultural land use taxes until the end of 2025.
One of the remarkable points is that the content of the research is completed in the direction of increasing the regulation with land and supplementing tax collection with houses in order to encourage effective use of houses and land effectively, contributing to limiting housing speculation. , land, ensuring mobilization of a reasonable and stable source of revenue for the state budget, in line with Vietnam’s socio-economic conditions and international practices.
The Deputy Prime Minister assigned the Ministry of Finance to preside over the tax reform strategy in the direction of ensuring the ability to maintain the ratio of mobilization to the state budget from taxes and fees at a stable and reasonable level.
Deputy Prime Minister Le Minh Khai also requested the development of tax policies in a way that is simple, easy to understand, and easy to identify the beneficiaries. property taxpayable tax amount, synchronized with the provisions of the law on land and other relevant laws.
Before that, the tax on houses and real estate has been mentioned many times by experts.
Most recently, in March 2022, this issue was also mentioned in the Financial Strategy to 2030 approved by the Prime Minister.
In September 2021, National Assembly Chairman Vuong Dinh Hue suggested that Thanh Hoa study and pilot the property tax (housing tax) policy in urban areas. The application of house tax according to the Chairman of the National Assembly should be piloted for large urban governments. If Thanh Hoa successfully piloted the housing tax, it could later be applied to Hanoi and Ho Chi Minh City.
Previously, in 2017, the Government proposed a pilot property tax (housing) in Ho Chi Minh City when applying for a specific mechanism for this locality. However, this proposal met with mixed opinions.
By 2018, the Ministry of Finance also proposed a draft Law on Property Tax to submit to the Government with the goal of regulating high-income groups, improving the efficiency of house and land use, and preventing loss and waste in asset management. labour, real estate labour. However, without the consensus of the public, the policy was not approved by the competent authority.
Currently, many experts agree that it’s time to tax houses and properties in the context of the hot real estate market, speculation about housing is too high. negative effects on the real estate market and the economy in the difficult context of the pandemic.
Conveniently style
Many ministries and localities have joined in the fight against tax loss in business activities and real estate transfer (real estate).
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