Update

Settlement of tax exemption and reduction

In the case of exemption or reduction in the personal income tax on transfer of housing, land use rights in Vietnam rely on the basis of the declarations by the real estate transfer people self-assessment and self-responsible for the truthfulness of the statement.

This case will not apply to the process of tax exemption or reduction issued with Decision 1444/QD-TCT.

This include in Document 3743/TCT-KK on October 25th 2012 on the procedure for tax exemption or reduction according to the tax reduction or exemption issued by the General Department of Taxation.

The case when exemption or reduction of land use fees, tax authorities based on the cadastral together with proof of exemption, reduction of land use determination of land use levy exemption or reduction, some land use fees to be paid.

The determination of tax exemption or reduction of land use are made in accordance with the exemption or reduction issued with Decision 1444/QD-TCT.

The Document takes effect from the date of issuance.

ANT Lawyers

Recent Posts

Decree No. 147/2024/NĐ-CP: A Comprehensive Framework for Internet and Information Management in Vietnam

With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…

6 days ago

The Employment in Vietnam Guide: 12 Key Legal Answers for Foreign Companies Entering the Market

Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…

3 weeks ago

13 Critical Steps To Respond to Thailand’s Tough Anti-Dumping Investigation on Cold Rolled Stainless Steel

On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…

1 month ago

13 Essential Facts You Must Know About Setting Up a Vietnam Representative Office to Test the Market

Introduction For foreign businesses eyeing the fast-growing Vietnamese market, setting up a Vietnam Representative Office…

2 months ago

Anti-Dumping Investigation on Wood Fiber Boards from Thailand and China (AD21)

On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…

2 months ago

Kick-Off Event of the 2024 International Mediation Writing Competition in Vietnam

The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…

2 months ago