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Ho Chi Minh City to tax lessors of residences, business spaces

Ho Chi Minh City to tax lessors of residences, business spaces

Sunday, April 25, 2021, 15:11 GMT+7
Ho Chi Minh City to tax lessors of residences, business spaces
This image shows an apartment building in Ho Chi Minh City. Photo: Tu Trung / Tuoi Tre

The Ho Chi Minh City taxman has said it will try collecting tax from landlords when they lease residential, commercial or office spaces in apartment buildings in District 11 in the coming time.

This is a part in Ho Chi Minh City Tax Department’s report to the municipal People’s Committee outlining its plan to collect taxes in such fields as e-commerce, consultancy, construction design, banking, healthcare, and real estate, Zing News reported on Saturday.

In the field of real estate, the taxman said it will tax landlords who rent out their houses, flats, and business spaces in apartment buildings; individuals and organizations that directly do business or provide services in such buildings; and lessors of office spaces there.  

Accordingly, the pilot tax collection will first be enforced at the following buildings in District 11: the Res 11 Apartment Building at 205 Lac Long Quan Street, Ward 3; Thuan Viet Commercial Residential Area at 319 Ly Thuong Kiet Street, Ward 15; Bao Gia Building at 184 Le Dai Hanh Street, Ward 15; 70 Lu Gia Apartment Building at 70 Lu Gia Street, Ward 15; and Khai Hoan Building at 624 Lac Long Quan Street, Ward 5.

Tax offices will work with the management boards of these buildings on the lists of landlords and those who directly do business on their premises.

Tax offices will also coordinate with local police to review the lists of permanent residents and temporary residents and absentees, and to impart the pilot plan to all lessors.

The municipal Tax Department calls for all lessors to provide tax offices with full information relating to their lease agreements.

Based on such data, tax officers will compare between the actual and taxable rent declared by landlords to determine an appropriate tax base.

The specific time for this pilot plan to be implemented has yet to be released.   

In addition to such tax collection, the department also proposes management measures to prevent a loss of revenue from land use fees, registration fees, and personal income tax.

Specifically, the municipal tax authority will review all declarations of personal income tax and registration fees in association with real estate transfer deals across the city.

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Vinh Tho / Tuoi Tre News


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