Vietnam: Formula for determining the base price of buildings for calculation of the registration charge

09:34, 19/11/2016

This is a featured content specified in Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam on guidelines for registration charge.

Specifically, the base price of buildings shall be defined by provincial People's Committees in effect upon the declaration of the registration charge and be determined according to the following formula:

Base price of a building for calculation of registration charge (VND)

Floor space of the building on which the registration charge is levied (m2)

Price per 01 (one) square meter (VND/m2) of the building

Ratio (%) of the building’s remaining quality on which the registration charge is levied

In which:

- The floor space of a building on which the registration charge is levied is the entire floor area (including the floor area of ancillary structures) under the legitimate ownership of (an) organization(s) or individual(s);

- The price per 01 (one) m2 of the building is the actual price of one (01) "newly" constructed m2 of the floor area according to the building's grade and rank, as defined by the relevant provincial People’s Committee pursuant to the legislation on construction upon the declaration of the registration charge;

- The ratio (%) of the building’s remaining quality on which the registration charge is levied shall be regulated by the provincial People's Committee.

View more details at Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

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