On the first day of the decision to "remove" taxes, more than 1,800 land records were processed.

According to Mr. Nguyen Tien Dung - Deputy Director of the Ho Chi Minh City Tax Department, as of September 21, the whole area had a backlog of 15,800 real estate files. By September 22 (Sunday), the tax authority had completed processing 1,800 files. The remaining 14,000 files will be processed by the tax authority as soon as possible.

"On September 23, the leaders of the Ho Chi Minh City Tax Department had a meeting with tax branches to thoroughly understand the tax calculation in the direction that the files submitted early will be processed first, agreeing on the tax basis for files declaring sky-high real estate purchase and sale prices; at the same time, the tax agency is oriented to mobilize all its forces to calculate taxes if in the coming time the number of real estate files suddenly increases" - Mr. Dung said.

As of September 22 (Sunday), the tax authority has processed 1,800 files.

However, the issue that the public is concerned about is if in the near future the Ho Chi Minh City People's Committee adjusts the new land price list in the direction of increasing many times, as drafted by the Department of Natural Resources and Environment, how much will taxpayers' financial obligations increase compared to the old land price?

With the above information, Mr. Dong Minh Hong, Director of DVL Tax Agent Company Limited, commented that the financial obligations for real estate transactions will increase the transfer value, causing personal income tax, value added tax, and corporate income tax related to real estate transactions to increase accordingly.

Meanwhile, an official in charge of real estate at the Ho Chi Minh City Tax Department said that it is not easy to calculate how much the financial obligations of taxpayers will increase. Therefore, the Ho Chi Minh City Department of Natural Resources and Environment needs to assess each group of subjects affected by the increase in land prices.

Accordingly, this agency can collect the number of real estate transactions of each group of subjects, including people converting land purposes, issuing red books, buying and selling real estate, land allocation by the state, land lease, etc.

From there, the Department of Natural Resources and Environment of Ho Chi Minh City will calculate the increased financial obligations of each group, to determine how much the average real estate tax will increase after the land price increase.

Source: https://nld.com.vn/tp-hcm-ngay-ngay-dau-co-quyet-dinh-go-thue-hon-1800-ho-so-dat-dai-duoc-xu-ly-196240923170106815.htm