Property has been suffered a variety of taxes in the process of formation, therefore, applying an annual tax on property is unreasonable and distorting the taxation principle.
Experts’ opinions on the Ministry of Finance''s (MoF) tax adjustment draft proved to be mixed, while the business community struggles to keep up with the variety of newly proposed tax hikes.
The Viet Nam Federation of Civil Engineering Associations proposed
imposing two new taxes property tax and development charge on
personal houses starting next year in order to procure funds for
infrastructure investment.