No 20% income tax on real estate transfer profits

(HTV) - The proposal to impose a 20% tax on real estate transfer profits has been officially withdrawn by the Ministry of Finance, maintaining the current 2% tax rate on the total transfer value. This decision is expected to help the real estate market recover after a period of stagnation.

The proposal to impose a 20% tax on real estate transfer profits, a content in the draft Law on Personal Income Tax (amended), was not passed. This decision kept the current tax rate of 2% on the total transfer value, bringing stability and expectation to help the real estate market gradually recover after a long period of stagnation.

Previously, this proposal received mixed reactions. Experts and the market were concerned that the application of the new tax rate could cause a policy shock, lack practical basis and even risk pushing up housing prices. However, the withdrawal of the proposal is considered a right step, showing that policymakers are listening and open to learning.

The 20% tax proposal has received mixed reactions.

The initial untangling of the tax "bottleneck" has created confidence among the people.

According to experts, in the current context, maintaining the 2% tax rate is reasonable, giving the market time to stabilize and recover. This decision has created a positive sentiment, making transactions more vibrant and many construction projects restarted.

In the long term, the use of tax tools to manage the market is still necessary to ensure healthy development and deal with speculation. However, economic experts say that this policy needs to have a clear roadmap, synchronized with many other solutions and should only be applied at the right time, when the market has really become vibrant again.

Proposed synchronous solutions include: building a land pricing system close to market prices, requiring transactions through banks for transparency, promoting the construction of social housing, and studying the application of taxes on second and third homes.

With nearly 22% of outstanding bank credit and a large amount of money from the people pouring into real estate, the initial untying of the tax "bottleneck" has created confidence and expectation that the market will grow more sustainably and healthily in the coming time.

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Source: https://htv.com.vn/chua-danh-thue-thu-nhap-20-tien-lai-chuyen-nhuong-bat-dong-san-222250806134552997.htm