In big cities like Hanoi, Ho Chi Minh City. In Ho Chi Minh City, in convenient locations, common apartment prices are 50-60 million VND/m2. This is the reason why experts and businesses suggest that the taxed apartment price should be raised to a higher level, from regarding 70 million VND/m2.
Sentimental price
The Ministry of Finance has just proposed to promulgate the Law on Real Estate Tax, in which, notably, the proposal to tax apartment buildings above the taxable threshold; implement high regulation for high-class apartments, the price is over 50 million VND/m2.
Expressing his opinion on the proposal to tax apartments over 50 million VND/m2, Pham Duc Toan, General Director of Real Estate Development and Investment Joint Stock Company (EZ Property), said that it is a high level. Unreasonable price for tax. Because, in the current market, there are not many apartments under 30 million VND, 50 million VND / m2 apartments are quite popular.
According to Mr. Toan, the buyer of the apartment from the investor has to bear many related taxes, including land use levy and value added tax. In case of buying an apartment from a secondary, the buyer must pay personal income tax, registration tax, and tax on transfer of use rights.
“Now that I propose to levy another tax, what is the basis to do when tax is taxed? After all, if applied, it will hit the end consumer once more, pushing up home prices. At that time, there were many other forms of circumvention to ‘dodge’ taxes, causing market distortions,” Toan told PV. VietNamNet.
In fact, the cost of apartment construction investment has increased, especially in big cities such as Hanoi and Ho Chi Minh City, at the central location, the price of apartments is common at 50-60 million VND/. m2. Therefore, Mr. Toan suggested that the proposal must be consistent with the general provisions of the law and the market.
“The idea of taxing second and third homes can be introduced incrementally to limit speculation, but it should only be applied in big cities. Instead of making laws that apply across the country, it may be local to each locality.
Or may be taxed at the time of transaction. For example, if you buy a house less than 1 year and have sold it, tax is high, while long-term investments are taxed over time. If selling within the specified time from the time of signing the purchase contract to the time of sale, the tax may be reduced; and if sold in a short time, high tax to limit speculation. Taxing in this way has a more practical basis, “said Mr. Toan.
Taxing at 70 million VND/m2 or more is more reasonable
Share with PV. VietNamNet, real estate expert Tran Khanh Quang also said that it is necessary to consider the proposal to tax apartments over 50 million VND/m2.
According to him, in the past, the common price of apartments in the range of 20-30 million VND/m2; Now, affordable apartments are also 35-40 million VND/m2, even 50 million VND/m2, so the proposal to tax apartments with prices over 50 million VND/m2 is taxed on most people. all apartments; This will greatly affect the real estate market.
“The price of an apartment of 50 million VND/m2 is now normal, just above average. Consider taxing at a price of 70 million VND/m2 or more, “said Mr. Quang.
According to the analyst, the tax proposal needs to be uniform and common, and can be obtained. If only the tax proposal applies to a certain segment, especially the high-end segment, only increases the transaction price in the market. For investors with money, the additional cost of less than 5% is considered to be unaffected. But affordable apartments that add 10-20 million VND are a big problem for low-income people.
Therefore, according to Mr. Quang, instead of proposing to tax luxury apartments, there should be a form of encouraging the development of low-cost housing and low-income housing through support programs of the State. With that, the market automatically balances supply – demand between real supply and real demand.
