Vietnam: Real estates that are exempt from registration charges

According to Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam on guidelines for the payers of registration charge, the base price for calculation of registration charge, the rate of registration charge, the exemption from the registration charge, the declaration, collection and submission of the registration charge, which takes effect from January 01, 2017, real estates that are exempt from registration charges includes:

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.

Land leased by the government on an annual fee basis or rented from the holder of legitimate right to use the land.

Land allotted or leased by the government for the following purposes: 

- Public matters as per the legislation on land;

- Exploration and extraction of minerals or science research;

- Investment and construction of infrastructure (whether inside or outside industrial zones or export processing zones), investment and construction of housing for sale. The said entities shall be required to pay the registration charge upon registering their ownership or right of use with competent authorities to use, lease or sublet the state-allocated or state-leased land plots.

Transferees shall be required to pay the registration charge upon registering their ownership or right of use with competent authorities to lease or use an infrastructural facility or house purchased.

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

Moreover, real property of religious or worship organizations recognized by the government for public activities.

Inherited/donated real property; Residential housing that a family or person has acquired through individual housing development as prescribed in the Housing Law; Real property, special or specialized assets for national defense and security; etc.

Source: CafeF

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