Calculating personal income tax on land use rights transfer records

On September 18, the Provincial People's Committee issued Document No. 3881/UBND-NNTN on calculating personal income tax for land use rights transfer records.

Provincial Tax Department officials review land use rights transfer records

Accordingly, while waiting for the adjustment of the Land Price List, the Provincial Tax Department shall coordinate with relevant agencies to calculate personal income tax on land use right transfer dossiers of households and individuals in the province as follows: In case the tax declaration dossier has a transfer price higher than the land price specified in the current Land Price List, personal income tax shall be calculated according to the transfer price in the tax declaration dossier. In case the tax declaration dossier has a transfer price lower than or equal to the land price specified in the current Land Price List, personal income tax shall be calculated according to the land price specified in the Land Price List.

The Department of Natural Resources and Environment shall preside over and coordinate with relevant agencies to urgently develop a plan to adjust and supplement the Price List of land types in the province and submit it to competent authorities for approval as a basis for calculating personal income tax according to regulations.

Thanh Tra

Source: https://baophutho.vn/tinh-thue-thu-nhap-ca-nhan-doi-voi-ho-so-chuyen-nhuong-quyen-su-dung-dat-219363.htm