Currently, how does the Law stipulate the subjects eligible for exemption and reduction of real estate tax? I am a war invalid with a certificate, now I am old but live in an old dilapidated house. Currently, I plan to build a new house to live in. So in this case, can I be exempted or reduced from real estate tax? Who are exempted from real estate tax? Looking forward to helping my counsel. I would like to express my sincere thanks to Lawyer.
Who are the subjects eligible for land tax exemption and reduction?
According to the Government’s Decree 131/2021/ND-CP detailing and implementing the Ordinance on incentives for people with meritorious services to the revolution, from February 15, 2022, people with meritorious services and their main family land use fees will be exempted or reduced.
Specifically, those who were active in the revolution before January 1, 1945, Heroes of the People’s Armed Forces, Heroes of Labor during the Resistance War, and Vietnamese Heroic Mothers will be exempted from land use levies for the period of time. residential land allocation limit when the State allocates residential land, changes the purpose of residential land use, recognizes the right to use residential land, etc.
The beneficiaries of the policy of exemption from land use levy also have war invalids, including class B war invalids recognized before December 31, 1993; resistance activists infected with toxic chemicals with an injury rate of 81% or more; Martyrs’ relatives are receiving a monthly maintenance survivorship allowance.
Persons with meritorious services are entitled to land use levy exemption or reduction
Subjects entitled to land use levy exemption or reduction specified in Article 103 of Decree 131/2021/ND-CP, include:
- People with meritorious services to the revolution:
- People who were active in the revolution before January 1, 1945;
- People who were active in the revolution from January 1, 1945 to the date of the August uprising, 1945;
- Vietnamese heroic mothers;
- Heroes of the People’s Armed Forces;
- Hero of Labor in the period of resistance;
- Invalids, including class B invalids recognized before December 31, 1993; policy beneficiaries such as war invalids;
- Sick soldiers;
- Resistance activists infected with toxic chemicals;
- People who are active in the revolution, resistance war, defense of the Fatherland, or perform international obligations are imprisoned or exiled by the enemy;
- People who are active in the resistance war for national liberation, defense of the Fatherland, and international obligations;
People with meritorious services to the revolution.
- Relatives of people with meritorious services to the revolution include biological fathers, natural mothers, spouses, children (natural children, adopted children), people who have merits to raise martyrs.
What is the current land use levy exemption for people with meritorious services?
According to Article 104 of Decree 131/2021/ND-CP, the land use levy exemption regime for people with meritorious services to the revolution is as follows:
Exemption from land use levy within the quota of residential land allocation when the State allocates residential land, changes the purpose of land use to residential land, recognizes the right to use residential land, when purchasing state-owned houses for the following objects:
- People who were active in the revolution before January 1, 1945.
- Hero of the People’s Armed Forces, Hero of Labor in the period of resistance.
- Vietnamese heroic mother.
- Invalids, including class B war invalids who were recognized before December 31, 1993, policy beneficiaries such as wounded soldiers, sick soldiers, resistance activists infected with toxic chemicals have a high rate of bodily harm. may be 81% or more.
- Relatives of martyrs are receiving monthly maintenance allowance.
- Exemption of land use fees when buying houses (type of multi-storey houses with many households) currently owned by the State according to Decree 61/CP of July 5, 1994 of the Government for revolutionary activists from January 1, 1945 to the date of the August uprising, 1945.
How is the land use fee reduction regime for people with meritorious services?
Pursuant to Article 105 of Decree 131/2021/ND-CP, reducing the land use fee within the residential land allocation limit when the State allocates residential land, changes the land use purpose to residential land, recognizes the residential land use right, when buying state-owned houses for the following subjects:
(1) Reduction of 90% of the land use levy within the residential land allocation quota when the State allocates residential land, changes the land use purpose to residential land, recognizes the residential land use right, and purchases a house owned by the State. State for subjects:
- People who were active in the revolution from January 1, 1945 to the day of the August uprising, 1945;
- Invalids, including class B war invalids recognized before December 31, 1993, policy beneficiaries such as wounded soldiers, sick soldiers, resistance activists infected with toxic chemicals have high rates of bodily harm. can range from 61% to 80%.
(2) Reduce 80% of land use levy within the residential land allocation quota when the State allocates residential land, changes the land use purpose to residential land, recognizes the right to use residential land, when purchasing a house owned by the State. The State applies to the following subjects: War invalids, including Class B war invalids recognized before December 31, 1993, policy beneficiaries such as war invalids, sick soldiers, and resistance activists infected with toxic substances. Chemicals have a body damage rate of 41% to 60%.
(3) Reduction of 70% of land use levy within the residential land allocation quota when the State allocates residential land, changes the land use purpose to residential land, recognizes the right to use residential land, when purchasing a house owned by the State. State for the following subjects:
- Invalids, including class B war invalids recognized before December 31, 1993, policy beneficiaries such as wounded soldiers, sick soldiers, resistance activists infected with toxic chemicals have high rates of bodily harm. can range from 21% to 40%.
People who are active in the revolution, resistance war, defense of the Fatherland, or perform international obligations are imprisoned or exiled by the enemy.
– The recipient or family member is presented with the Commemorative Medal “For meritorious services to the country” or the Certificate of “For meritorious services to the country” before the August Revolution, 1945, the recipient or family member is awarded the Resistance Medal .
- Relatives of martyrs.
(4) Reduce 65% of land use levy within the residential land allocation quota when the State allocates residential land, changes the land use purpose to residential land, recognizes the right to use residential land, when purchasing a house owned by the State. State for:
People who are active in the resistance war for national liberation, defense of the Fatherland, and international obligations.
– The recipient or family member is awarded the Resistance Medal.
How much is real estate VAT?
Mandatory taxes for real estate buyers
VAT (Value Added Tax) on real estate
If you buy a condominium on the primary market, you have to pay VAT of 10%. VAT or VAT is multiplied by the purchase price. Both buyers who are Vietnamese citizens or foreigners must pay this tax. Buyers will have to pay tax at the time of real estate purchase.
Registration tax/registration fee
The registration fee is 0.5% and multiplied by the property value. Buyer is responsible for paying this tax. The registration tax is similar to the document fee used in other countries. This amount is paid at the time of real estate purchase.
Rental income tax
If the buyer subleases his apartment, you have to pay VAT of 5% and personal income tax of 5%. Therefore, the total tax rate is 10% on your rental income. In fact, very few property owners pay this tax.
Land tax
The use tax for non-agricultural land ranges from 0.03% to 0.15%. To calculate the tax, you use the land area and the specified price per square meter.
Related article:
- The regulation on 20% of the land fund for social housing in vietnam will be revised
- Housing transactions that do not require a land use right certificate in Vietnam
Frequently asked questions
Exemption from land use levy within the residential land allocation limit when using land to implement the housing and residential land policy for people with meritorious services to the revolution who are eligible for land use levy exemption in accordance with the law on people. deserve credit for; poor households, ethnic minority households in areas with extremely difficult socio-economic conditions, border areas and islands; use land for construction of social housing in accordance with the law on housing; housing for people displaced by natural disasters.
First, reduce land use fees for ethnic minority households.
Second, reduce land use fees for people with meritorious services to the revolution.
Third, reduce the land use fee according to the decision of the Prime Minister.
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