Tighten real estate transfer tax

The Ho Chi Minh City Tax Department has implemented many solutions to tighten tax management in this area. The results of the first quarter of this year adjusted the transaction price of over 10,800 documents, adding 380 billion VND to the budget. However, to handle it thoroughly, it is still necessary to implement many solutions synchronously.

In order to avoid declaring the transfer price lower than the reality, according to experts, the first fundamental solution is to build a land price frame from the tax agency. Because the current land price list is only 10-15% of the market price, even lower.

Illustration – Photo: VNA.

In addition, in order to synchronize solutions in tightening transfer tax, it is also necessary to build a database integrated with the tax industry, purchase and sale transactions. real estate must pay via bank.

At the same time, the notary agency must also notarize the real estate purchase and sale contract accurately with the market price, not merely confirm the agreement signatures of the two parties as at present.

According to the tax authority of Ho Chi Minh City, in the first quarter of this year, there have been many positive changes in the fact that people’s declaration of prices is relatively close to reality. By General Department of Taxation There has been a directive requiring checking the history of transactions, comparing and correcting if it is found that the declarer is lower than the actual price.

From a buyer – seller perspective, if the correct market price is declared, there will be no high tax for the next transfer.

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