Increase criminal handling of tax evasion in business and real estate transfer

In order to promote the management of activities real estate transferthe Ministry of Finance has sent an official dispatch to the People’s Committees of the provinces and centrally-run cities, the Ministry of Public Security and the Ministry of Justice to coordinate and implement synchronously solutions to prevent loss of revenue in real estate transfer activities.

The financial, tax authorities All levels have guided people and businesses to properly declare the transfer price as a basis for tax calculation according to the provisions of law.

The Ministry of Finance has directed the General Department of Taxation to request the tax authorities to strengthen coordination with local agencies and departments in the management of real estate transfer activities, especially strengthen the criminal handling of individuals. with acts of tax evasion related to business activities, real estate transfer.

In addition, the Ministry of Finance directs tax authorities not to cause difficulties or troubles for taxpayers in the process of processing real estate transfer documents; thoroughly understand that the departments and teams involved in the handling of real estate transfer documents strictly comply with the regulations on the order and procedures for handling documents to determine financial obligations and direct working processes. with taxpayers as prescribed.

According to the General Department of Taxation, in the first 3 months of 2022, personal income tax revenue from real estate transfer activities reached VND 8,209 trillion; an increase of 63% compared to the first 3 months of 2021 (equivalent to an increase of VND 3.2 trillion).

In the coming time, the tax authority said it will actively coordinate to provide the database on which taxpayers have declared tax in case there is a price fluctuation higher than the price issued by the People’s Committee (including including land price adjustment coefficient) to the agency of natural resources and environment so that this agency can coordinate with relevant agencies to review and promptly advise the provincial People’s Committee to decide to issue the land price list as well as the land price adjustment coefficient. adjust the land price close to the actual transaction price on the market in accordance with the law.

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