Declare the purchase and sale of real estate at a low price, invited by the tax agency to work

Mr. Le Huy Trung (Hoc Mon district, Ho Chi Minh City) said that he recently bought a house of 60 m2 for more than 2 billion VND, according to the market price. However, the seller proposed to write the transfer price on the notarization contract of only 700 million VND to reduce the tax payable to about 14 million VND, equivalent to the tax rate of 2% in accordance with regulations.

However, when carrying out the procedures for transferring house ownership, the Land Registration Office of Hoc Mon district sent an official letter requesting the tax agency to determine the financial obligations of both the buyer and the seller.

Responding to the Land Registration Office of Hoc Mon district, the District Tax Department of District 12, Hoc Mon district informed that through inspection, the branch found that the taxpayer (house seller) declared the transfer price not close to the price. market.

Next, the District Tax Department of District 12, Hoc Mon district invited the seller to work directly to mobilize this person to supplement the selling price. As a result, the seller declared the selling price of the house more than 1 billion VND. Accordingly, the house seller must pay tax as prescribed at 2%, which is more than 20 million VND.

Regarding the real estate transfer price, leaders of many tax departments in Ho Chi Minh City said that for a long time people have transferred real estate at a very high price, but when declaring to the tax agency at a very low price in order to reduce the amount of money. compulsory tax. Therefore, tax officials must determine a reasonable price and convince people to make additional declarations.

In order to have a basis for mobilizing people to declare appropriate real estate transfer prices, tax authorities now rely on data sources, including: transaction history declared in the most recent time; several tax returns of similar properties; look up the price approved by the City People’s Committee with projects, or the actual compensation price of the state, the price on real estate transaction websites…

According to Thy Tho