Government considering tax on multiple properties

Government considering tax on multiple properties

The Ministry of Finance is reviewing a proposal to impose taxes on owners of multiple properties as part of an effort to curb real-estate speculation.
Foreign buyers face property tax limbo

Foreign buyers face property tax limbo

Some dossiers to transact property from foreigners to future buyers are still pending at local tax offices and waiting for the final decision of the General Department of Taxation to determine what type of tax to impose.
Further scrutiny required before introducing property tax overhaul

Further scrutiny required before introducing property tax overhaul

To curb land speculation, some proposals regarding land-value taxation and progressive taxes based on the number of owned properties have been suggested, which experts believe could make it more costly for speculators to hold onto vacant sites in Vietnam. 
Property market remains attractive to investors

Property market remains attractive to investors

The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years.
Effective spending required for people’s acceptance of new property tax proposal

Effective spending required for people’s acceptance of new property tax proposal

The Ministry of Finance has proposed imposing a new tax on people who own property worth VNĐ700 million ($31,000) or more.