According to Mr. Chau, at the above meeting, Deputy Minister of Finance Cao Anh Tuan presented a new orientation on the construction of the Personal Income Tax Law (replacement) project, which has absorbed the opinions of all experts and people with the following main contents: Maintain the method of collecting personal income tax (PIT) from real estate transfer with the current tax rate of 2%/transaction value.
At the same time, it is not proposed to apply a tax rate of 20%/taxable income when transferring real estate, as well as not proposing to apply personal income tax according to the time of holding real estate when transferring real estate as in the draft law (previously), but need to continue to research with a roadmap of about 5 years when there are enough conditions then consider the proposal.
Besides, the Ministry of Finance has not proposed to apply personal income tax based on the real estate holding period as in the previous draft of the amended Personal Income Tax Law.
Previously, in the Draft Law on Personal Income Tax (replacement) being consulted by the Ministry of Finance, a notable point is the regulation on personal income tax for real estate transfer activities.
Specifically, if the real estate purchase price and reasonable expenses are determined, the personal income tax that the seller must pay will be calculated at 20% of the profit. In case the purchase price is not determined, the personal income tax will fluctuate from 2% to 10% of the selling price, depending on the holding period.
Professor Dang Hung Vo, former Deputy Minister of Natural Resources and Environment (now the Ministry of Agriculture and Environment ), said that the new proposal of the Ministry of Finance will help reduce speculative buying and selling of real estate, and increase state budget revenue.
However, according to Mr. Vo, the Ministry of Finance also needs to clarify the basis for setting the levels. tax rate over time holding real estate.
In some countries, in order to avoid speculation, they regulate that if real estate is transferred quickly, it means that it is a commercial act and not a purchase for use. The faster the transfer, the more likely the transaction is to be "surfing".
However, in our country, in reality, there are people who buy land and houses, then because of work they have to move, or their family has a problem and needs to sell their property...
" I think we need to come up with a separate solution for these cases and only charge taxes at the normal rate. Basing it on each period of time is not enough. If people can prove that they are buying and selling real estate for real use, instead of trading, there must be a separate policy ," Mr. Vo emphasized.
Mr. Vo also pointed out another problem when implementing this proposal, which is the inability to determine the real transfer value of real estate. Because for a long time, people often write very low prices on contracts, only equal to the State price list, while the market price can be up to 40% higher.
Source: https://baolangson.vn/dung-de-xuat-ap-thue-20-lai-chuyen-nhuong-bat-dong-san-5054910.html
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