Việt Nam will extend 2024 payment deadlines for VAT, corporate income tax, personal income tax and land rent, impacting nearly VNĐ84 trillion (US$3.3 billion) in total taxes.
According to batdongsan.com.vn, Viet Nam''s leading real estate trading website, the domestic rental market had a bright start in 2022, although it began to decline in the second quarter
Careful consideration must be given to the imposition of a rent tax on people who own apartments for lease, experts said, adding that it was essential to introduce a reasonable tax rate and threshold.
The HCM City Department of Tax has sought approval from the People’s Committee to introduce a rent tax, and will start by trialling collection from apartment owners who have leased them out.
According to the real estate services firm Jones Lang LaSalle (JLL)’s report, the impact of the COVID-19 has caused many tenants to carry out challenging negotiations with landlords to try and survive.
Many of the most expensive and best-selling commercial spaces in HCM City and Ha Noi are now struggling to find customers even after landlords have cut the prices by 30-50 per cent.
The Ha Noi Small- and Medium-sized Enterprises Association (Hanoisme) has proposed Ha Noi to cut land rent by 50 per cent in the first half of this year for enterprises struggling due to the novel coronavirus (COVID-19) pandemic.
The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic.