“Tax Department Speeds Up Property Transaction Procedures in Ho Chi Minh City”
People doing transactions at Ho Chi Minh City Tax Department
According to Mr. Nguyen Tien Dung, Deputy Director of Ho Chi Minh City Tax Department, after the People’s Committee of Ho Chi Minh City issued a document allowing the use of the current land price framework to calculate taxes while waiting for the issuance of a new land price framework, the Ho Chi Minh City Tax Department has required tax branches in the area to work on Saturdays and Sundays to resolve pending dossiers and not cause any inconvenience or negative incidents.
On the morning of September 22, the Tax Branch of District 12 – Hoc Mon District mobilized more than 20 officers from the personal income tax department for real estate buying and selling transactions, land use fees for dossiers for land certificates, change of land use purpose, and other land-related fees.
An officer of the District 12 – Hoc Mon District Tax Branch said that there is a large backlog of real estate dossiers, so the tax calculation department must concentrate all forces to handle them.
Accordingly, based on the current land price framework (old land price framework), information on real estate transactions provided by the Land Registration Office of District 12 and Hoc Mon District, the tax officers calculate the tax amount and then upload the results to the system, transferring them to the Land Registration Office. The latter then notifies the taxpayers to fulfill their financial obligations and complete the real estate transaction procedures.
Similarly, the leaders of the Phu Nhuan District Tax Branch, District 7 – Nha Be District Tax Branch, and many other branches also said that in order to soon solve the problem of land taxes, the departments in charge of tax calculation work without a day off until the backlog of real estate transaction dossiers is almost resolved.
Previously, the Ho Chi Minh City Tax Department had sent three documents to the People’s Committee of Ho Chi Minh City proposing solutions to remove obstacles in land dossiers from August 1, in accordance with the provisions of the 2024 Land Law.
According to statistics from the Ho Chi Minh City Tax Department, in the past month, a total of nearly 6,000 dossiers have been received. Of these, there were 346 dossiers on land use levy with cases of recognition of land use rights and 277 dossiers on land use levy with cases of change of land use purpose.
In addition, there were 5,448 personal income tax dossiers from real estate transfers and 2,737 dossiers of cases that did not incur financial obligations.
The Race to Complete Ho Chi Minh City’s Transport Infrastructure Revolution
As the year draws to a close, Ho Chi Minh City’s transport sector is accelerating its efforts to complete a range of small and large-scale transport projects. These projects aim to enhance and upgrade the city’s transport network, and while they may not have the largest investment budgets, they are of significant importance to the local community.
The Heart of Ho Chi Minh City Beats to a New Rhythm: Unveiling District 1’s Upcoming Pedestrian Street
The businesses along Thai Van Lung Street will be revamped, incorporating iconic, artistic, and auxiliary features and amenities.
The Grand Opening of LA Home’s Sales Gallery and Multi-Purpose Sports Center
On September 21, 2024, leading real estate developer Prodezi and HVH officially inaugurated the Sales Gallery and a state-of-the-art fitness and sports center at LA Home, an eco-city and a shining investment opportunity at the gateway to Ho Chi Minh City’s west.
The City of Ho Chi Minh Finalizes Tax Calculations Based on Old Land Price Tables for Nearly 9,000 Pending Files Since August 1st.
Prior to the issuance of the amended and supplemented Land Price Table per the 2024 Land Law, Ho Chi Minh City will continue to approve the use of the old land price table for tax calculation purposes.
