Vietnam: Many types of houses and land are exempted from paying registration fees from January 01, 2017

Circular No. 301/2016/TT-BTC was issued by the Ministry of Finance of Vietnam concentrating on guiding properties subjected to the registration charge, base price, rate of registration charge, exemption from registration charge, declaration, collection and payment of the registration charge; annulling several former circulars.

According to Vietnam’s regulations, properties subjected to the registration charge include: Real property; firearms for hunting, training and sporting; ships, including barges, motorboats, tugboats; ships, including yachts, of which the registration of ownership or use with state management agencies is mandatory; aircrafts.

Two-wheel or three-wheel motorcycles, motor scooters, similar vehicles subject to registration and fitted with number plates issued by competent government authorities.

Automobiles, trailers or semi-trailers pulled by automobiles, similar vehicles subject to registration and fitted with number plates issued by competent government authorities.

The registration charge shall not be levied on the machines and devices that are required to undergo the registration of ownership and issuance of number plate by competent state management agencies though not defined as automobile in the Law of Road Traffic and guiding documents.

Along with that, following the provisions of Article 9 of Decree No. 140/2016/NĐ-CP of Vietnam’s Government on registration fee, Circular No. 301/2016/TT-BTC stipulates 31 cases of exemption from registration charge, focusing on houses and land.

In particular: Real property at which diplomatic missions, consular missions, representative agencies of United Nations’ international bodies or the residence of the heads thereof is located.

Land allotted or leased by the government or endorsed by competent government authorities for agricultural production, forestry, aquaculture and salt making.

Agricultural land, over which the right of use is transferred between households or individuals in the same commune, ward or town for facilitating agricultural production as per the Land Law. Undisputed agricultural land, over which the right of use has been certified in writing by competent government authorities for households or individuals who have themselves reclaimed such land according to the land use plans approved by competent government authorities.

Real property inherited or donated between spouses; parents and biological children; parents and adopted children; parents and daughters-in-law; parents and sons-in-laws; paternal or maternal grandparents and grandchildren; biological siblings, and certified by competent government authorities with regard to land use rights and ownership of housing and property attached to the land.

Residential housing that a family or person has acquired through individual housing development as prescribed in the Housing Law. 

etc.

Source: Doi song va Phap luat

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