Delay in transferring land use right certificate, land user fined 2-6 million VND
According to the provisions of Clause 2 and Clause 3, Article 16 of Decree 123/2024/ND-CP, the fine for late registration of changes after notarization of real estate is from 2 to 6 million VND and forced registration of changes for that land plot.
Late submission of tax declaration after transferring the land use right certificate, land users will be fined 25 million VND
Accordingly, within 30 days from the date of notarization of the transfer contract, people are required to carry out the procedure for transferring the red book name and submit personal income tax declaration within 10 days from the date of tax liability (Clause 3, Article 133 of the 2024 Land Law and Clause 5, Article 44 of the 2019 Tax Administration Law).
The amount of money that land users can be fined for late submission of tax declarations is as follows:
+ Late payment from 1 - 30 days: 2 - 5 million VND.
+ Late payment from 31 - 60 days: 5 - 8 million VND.
+ Late payment from 61 - 90 days: 8 - 15 million VND.
+ Late payment over 90 days: 15 - 25 million VND.
Current red book transfer profile
Red book transfer registration file includes:
+ Application for change registration according to Form No. 11/DK.
+ Contract for transfer or donation of land use rights notarized or certified.
+ Original issued Certificate.
+ Personal income tax declaration form No. 03/BDS-TNCN.
+ Documents used as basis to determine eligibility for tax and fee exemption (if any).
+ Original copy of Registration Fee Declaration Form 01/LPTB.
Land users submit their application to the Land Registration Office where the land is located and fulfill their financial obligations.
The time to return the results of the red book transfer registration is no more than 10 working days (According to Clause 2, Article 22, Circular 10/2024/ND-CP).
Fees to be paid when transferring the red book
- Notarization fee for transfer and donation contracts is calculated based on the value of land use rights.
- Personal income tax on land use rights transfer: 2% of transfer value.
- Registration fee, if the transfer price is higher than the price of the house and land of the provincial People's Committee, the registration fee is 0.05% x transfer price.
In case the transfer price is lower than or equal to the house and land price regulated by the provincial People's Committee, the land registration fee is 0.5% x area x price of 1m2 in the land price list issued by the provincial People's Committee.
Registration fee for housing is 0.5% x area x price per square meter x remaining quality percentage.
