Recently, the Government of Vietnam issued Decree No. 20/2019/NĐ-CP on amendments to Decree No. 140/2016/NĐ-CP on registration fees.
If land is leased out by the state and a lump sum land rent is paid for the entire lease term but the lease term is shorter than the term of the type of land prescribed in the Land Price List, the land price of the lease term for registration fee calculation is determined as follows:
According to Decree No. 20/2019/NĐ-CP of Vietnam’s Government, the actual market-based transfer price of each type of asset is based on the following database:
- Regarding domestically sold and purchased assets, on the price specified in the lawful sales invoice, including value added tax (if applicable).
- Regarding domestically produced assets, on the price notified by the genuine producer.
- Regarding assets manufactured or produced for consumption, on the selling price of the asset of same or equivalent type, including excise tax (if applicable) and value added tax (if applicable).
- etc.
View more details at Decree No. 20/2019/NĐ-CP of Vietnam’s Government, effective from April 10, 2019.
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