The 20% income tax on profits from real estate transfers has not yet been levied.

(HTV) - The Ministry of Finance has officially withdrawn its proposal to tax 20% of profits from real estate transfers, maintaining the current tax rate of 2% on the total transfer value.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

The proposal to tax 20% on real estate transfer profits, a provision in the draft amended Personal Income Tax Law, was not approved. This decision maintains the current 2% tax rate on the total transfer value, bringing stability and the expectation that it will help the real estate market gradually recover after a long period of stagnation.

Previously, this proposal had received mixed reactions. Experts and the market worried that the implementation of the new tax could cause a policy shock, lack a practical basis, and even risk driving up housing prices. However, withdrawing the proposal is seen as a correct step, demonstrating listening and a willingness to learn from policymakers.

The proposal to impose a 20% tax has received mixed reactions.

The initial removal of the tax bottleneck has instilled confidence in the people.

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

In the long term, using tax tools to manage the market remains necessary to ensure healthy development and address speculation. However, economic experts argue that this policy needs a clear roadmap, is synchronized with many other solutions, and should only be applied at the appropriate time, when the market has truly become vibrant again.

Proposed comprehensive solutions include: establishing a land valuation system that closely reflects market prices, requiring transactions through banks for transparency, promoting the construction of social housing, and researching the application of taxes on second and third homes.

With nearly 22% of outstanding bank credit and a large amount of money from the public flowing into real estate, the initial removal of the tax bottleneck has created confidence and expectations that the market will grow more sustainably and healthily in the future.

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