September 16, 2009
LookAtVietnam – The Ministry of Finance has affirmed that the housing tax is a kind of asset tax rather than an anti-speculation tax. Deputy Director of the Tax Policy Department under the Ministry of Finance Pham Dinh ThiThi, who is also a member of the compilation committee of the draft housing tax, in an interview [...]
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September 10, 2009
LookAtVietnam – Experts have said that with the suggested housing taxation method, the target of preventing speculation would not be obtained. Under the draft housing tax law which will be presented by the Ministry of Finance, on behalf of the Government, to the National Assembly’s Steering Committee in September, only houses worth more than 600 [...]
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July 31, 2009
Houses worth over 600 million dong will be taxed 0.03 percent per annum on the value in excess of the 600 million threshold instead of 0.05 percent as previously planned, the latest draft of the housing tax law stipulates. The Ministry of Finance, which is drafting the housing tax law, said that the draft document [...]
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May 6, 2009
The Ministry of Finance admits that state management agencies still cannot determine how many houses and land plots individuals and households have, so it is very difficult to determine correct tax sums. In HCM City, many real estate sellers still have to pay personal income tax, though the current laws stipulate that sellers do not [...]
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