The government is meeting with a series of real estate and securities giants.

(Dan Tri) - The Government held a meeting to collect opinions on the Draft Law on Personal Income Tax (replacement) with the participation of many ministries, branches and a series of large enterprises such as Vinhomes, Sunshine, Novaland, SSI, VNDirect...

This morning, the Government Office held an important meeting to discuss the draft Law on Personal Income Tax (replacement). The meeting was attended by many leaders of ministries, agencies and large enterprises in the fields of real estate, finance and securities.

The meeting will take place at the Government Headquarters and Deputy Prime Minister Ho Duc Phoc will directly chair this meeting.

The meeting was attended by ministries and ministerial-level agencies such as Finance, Home Affairs, Justice, Agriculture and Environment, Construction, State Bank of Vietnam...

The meeting was also attended by associations such as the Vietnam Real Estate Association (VNREA), the Vietnam Association of Financial Investors (VAFI), the Vietnam Securities Business Association...

Notably, the guest list also includes many large real estate corporations and businesses such as Vinhomes, Sunshine Group, Ha Do, Novaland, Dat Xanh Group, Phu My Hung, Him Lam Real Estate, Masterise Group, HUD...

The Ministry of Finance proposes to impose 20% personal income tax on each real estate transaction (Photo: Manh Quan).

In addition, the meeting was also attended by major securities companies such as VN Direct, SSI, Vietnam Technological and Commercial Securities, Ho Chi Minh City Securities, MB Securities, VPS Securities, Vietnam Joint Stock Commercial Bank for Foreign Trade Securities...

The meeting was held to receive opinions from relevant parties in the process of developing and completing the Draft Law on Personal Income Tax Amendment.

In the draft Law on Personal Income Tax (replacement), the Ministry of Finance stated that the actual implementation of tax policies and tax management for real estate transfer transactions in the past has resulted in a situation where individuals transfer real estate but declare the transfer price in the tax declaration dossier much lower than the actual purchase and sale price in order to reduce the amount of tax payable, causing tax losses to the State.

The Ministry of Finance proposes that personal income tax on income from real estate transfers of resident individuals be determined by multiplying taxable income by the tax rate of 20% for each transfer.

Taxable income from real estate transfer is determined by the selling price minus the purchase price and reasonable expenses related to generating income from real estate transfer.

In case the purchase price and costs related to the transfer of real estate are not determined, personal income tax is determined by multiplying the selling price by the tax rate.

Source: https://dantri.com.vn/kinh-doanh/chinh-phu-dang-hop-voi-loat-ong-lon-bat-dong-san-chung-khoan-20250729085527149.htm