Notes on the determination of financial obligations regarding land in Vietnam

Notes on the determination of financial obligations regarding land in Vietnam

Recently, there have been instances where some Tax Departments have delayed the determination of financial obligations regarding land for the dossiers transferred by the Land Registration Office. Regarding this matter, the General Department of Taxation requests the Tax Departments of provinces and cities directly under the Central Government implement and strengthen the following measures:

- Direct departments and officials involved in determining financial obligations regarding land to immediately review and classify the Transfer Orders for determining financial obligations regarding land upon receipt. For Transfer Orders lacking sufficient information, request the Land Registration Office to supplement the information within the stipulated timeframe.

- Assure that every department and official of the Tax Department involved adheres to the stipulated timeframe for determining financial obligations regarding land transferred by the Land Registration Office.

- Intensify the inspection and supervision of the work related to determining financial obligations regarding land transferred by the Land Registration Office within the Tax Department. Ensure this work is carried out in compliance with the law, thereby contributing positively to local investment attraction efforts.

- Report to the General Department of Taxation any issues or complexities encountered in collaboration with the Land Registration Office in determining the financial obligations of organizations so that the General Department of Taxation can promptly issue directives according to regulations.

According to Clause 1, Article 63 of Decree 43/2014/ND-CP, financial obligations regarding land include land levy, land rent, taxes related to land, and registration fees as determined by the tax authorities.

The Department of Natural Resources and Environment or the Office of Natural Resources and Environment or the Land Registration Office provides cadastral information to the tax authorities for eligible cases required to fulfill financial obligations as prescribed.

The land price to determine financial obligations is determined by the Department of Natural Resources and Environment; in cases where the coefficient for adjusting land prices is applied to determine specific land prices, this will be determined by the tax authorities.

Refer to the detailed content in Official Dispatch 2256/TCT-KTNB issued on May 28, 2024.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE