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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Finance Ministry may impose tax on vacant houses
Date: 5/19/2011 9:47:46 PM
The Ministry of Finance is planning to impose an annual tax on owners of uninhabited mansions to discourage real estate speculators and curb wasteful use of land.
According to a report, the ministry wants to impose a tax of 2-3 percent of the value of properties that have been left unfinished and deserted for a long time.
A Finance Ministry official said that local supply is still unable to meet housing demand in the country, so it was necessary to minimize wasteful use of land and houses. The tax is not aimed at increasing state budget revenues, the official said.
The Housing and Real Estate Market Management Department said many mansions and apartments in Hanoi and Ho Chi Minh City have not been put into use. Inspectors have found nearly 700 mansions in incomplete conditions for a long time across Hanoi.
(Source:Thanh Nien)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
