Individuals conducting transactions at Ho Chi Minh City Tax Department
According to information from the Ho Chi Minh City Tax Department, from August 1 to 27, the agency received a total of 8,808 dossiers, including: 346 dossiers on land use fee for cases of recognition of land use rights; 277 dossiers on land use fee for cases of change of land use purpose; 5,448 dossiers on personal income tax from real estate transfer and 2,737 dossiers related to cases with no financial obligations (personal income tax from real estate transfer, registration fee, etc.).
However, many dossiers related to real estate ownership of Ho Chi Minh City residents are currently pending. The main reason is that the tax authority is awaiting guidance on the latest land prices from the Ho Chi Minh City People’s Committee.
To resolve land-related financial obligations in accordance with the 2024 Land Law and Decree 103/2024/ND-CP on land use lease, which took effect on August 1, the Ho Chi Minh City Tax Department sent an official dispatch on August 29, proposing that the Ho Chi Minh City People’s Committee soon issue a decision to adjust land prices and provide guidance and directions on applying legal documents (land price tables, land price adjustment coefficients, percentage rates for land rent calculation, etc.) so that the tax authority can promptly calculate land-related financial obligations for dossiers arising from August 1.
In addition, to prevent backlog of dossiers, complaints, and to meet the practical needs of the people, the Ho Chi Minh City Tax Department will report to the General Department of Taxation about resolving the above-mentioned cases of non-financial obligations when issuing certificates of land-use rights.
Previously, the People’s Committee of Ho Chi Minh City had sent a document to the Prime Minister proposing guidance on financial obligations related to land for dossiers arising after August 1 until the adjusted land price table is issued.
The Ever-Changing Landscape of Ho Chi Minh City: A Decade’s Worth of Files Awaiting the New Land Price List
From August 1st to 27th, the tax authority in Ho Chi Minh City received a total of 8,808 dossiers, but they remain unresolved as they await official guidance on land prices, land price adjustment factors, and the percentage used to calculate land rent.
The New Land Price List in Ho Chi Minh City: A Thorough Study is Needed Before Implementation
The proposed land price list for Ho Chi Minh City, which was expected to come into effect on August 1, has been postponed for further review. The method for determining market-based land prices requires refinement and a more nuanced approach that takes into account specific areas, rather than solely relying on general multipliers.
The Art of Unlocking Land Use: Navigating Tax Complexities
“A significant number of land-related profiles are on hold by the tax authorities, greatly affecting the rights and benefits of landowners. This issue highlights the need for efficient solutions to ensure smooth processes and protect the interests of those involved.”
