The Ministry of Finance proposes that resident individuals transferring securities will be subject to a tax rate of 20% on taxable income per year - Photo: HA QUAN
The Ministry of Finance is seeking comments on the Draft Law on Personal Income Tax (replacement). Accordingly, the Ministry plans to amend regulations on calculating personal income tax on capital and securities transfer activities.
Specifically, the draft has just proposed that the personal income tax on securities transfers of resident individuals is determined by multiplying taxable income by the tax rate of 20%.
Taxable income from securities transfer is determined by the selling price minus the purchase price and reasonable expenses related to generating income from securities transfer during the tax period (by year).
In case the purchase price and costs related to the transfer cannot be determined, tax on income from securities transfer is determined by multiplying the securities selling price by the tax rate of 0.1% for each transfer.
The time to determine taxable income is the time the transaction is completed according to the law.
For capital transfer activities, the Ministry of Finance also proposed to calculate a tax rate of 20% on taxable income for each transfer.
Taxable income from capital transfers is also determined by the selling price minus the purchase price and reasonable expenses related to generating income.
In case the purchase price and costs cannot be determined, the seller will be subject to a tax rate of 2% multiplied by the selling price.
Proposal to tax personal income tax at 20% on profit from each real estate transfer
Also in the above draft, the Ministry of Finance proposed applying personal income tax to real estate transfers by individuals by multiplying taxable income by the tax rate of 20% for each transfer.
This taxable income is determined by the selling price minus the purchase price and reasonable expenses related to generating income from the transfer of real estate.
In case the purchase price and related costs are not determined, personal income tax is calculated by multiplying the selling price by the tax rate. The tax rate in this case will depend on the ownership period with a maximum rate of 10%.
Specifically, the tax rate is 10% for real estate with a holding period of less than 2 years. The tax rate is 6% for real estate with a holding period of 2 years to less than 5 years.
The tax rate is 4% for real estate held for 5 years to less than 10 years. For real estate held for 10 years or more and real estate derived from inheritance, the tax rate is 2%.
For real estate originating from inheritance, the holding period is not calculated, but the transfer will be subject to a tax rate of 2% (as currently applied).
Source: https://tuoitre.vn/de-xuat-ap-thue-20-tren-lai-ban-chung-khoan-chuyen-nhuong-von-20250721222008441.htm
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