The meeting will take place at 8:30 a.m. on July 29, 2025, at the Government Headquarters chaired by Deputy Prime Minister Ho Duc Phoc.
Participating enterprises include many large real estate corporations and enterprises such as: Vinhomes, Sunshine Group, Ha Do, Novaland, Dat Xanh Group, Phu My Hung, Him Lam Real Estate, Masterise Group...
Collecting 20% tax - blocking speculation, inflating prices
Previously, in the draft Law on Personal Income Tax (PIT) replacement, the Ministry of Finance proposed an additional plan to collect PIT for real estate transfers at a tax rate of 20% on income.
According to the calculation of the Ministry of Finance, compared to the current tax rate of 2% on the transfer price, the collection of 20% tax on income will regulate the tax at the same level. In some cases, when the difference between selling price and purchase price is less, no income is generated or losses are caused, the collection of 20% tax on income will be even more beneficial to individuals, regulating tax collection according to the actual income of real estate trading activities.
According to Deputy Minister of Finance Cao Anh Tuan, the collection of personal income tax under the 20% method on income needs to have a suitable roadmap, ensuring synchronization with the completion of other policies related to land, housing as well as the readiness of databases as information technology infrastructure on land registration and transfer, real estate. Thereby, it is possible to create conditions for tax authorities to have sufficient information and legal basis related to real estate transfer activities to collect the correct tax payable
Implementing the direction of the Party and the Government, in the draft Law on personal income tax (replacement), the Ministry of Finance also has content on the proposal for the rate of personal income tax collection for real estate according to the holding period to limit speculation.
In fact, referring to international experience, some countries have used tax tools, including personal income tax, to increase the cost of speculative behavior and reduce the attractiveness of real estate speculation in the economy.
In particular, some countries have applied taxes on profits from real estate transactions in accordance with transaction frequency and real estate holding time. Regarding this, Deputy Minister of Finance Cao Anh Tuan said that the Ministry of Finance will continue to refer to the experiences of countries with similar conditions to make proposals suitable for Vietnam.
In the report on housing and real estate market in the second quarter of 2025, the Ministry of Construction proposed a series of key solutions, including taxing real estate. The Ministry of Construction supports the Ministry of Finance's policy of collecting taxes on the difference between real estate transactions and believes that this solution helps " avoid speculation and real estate price inflation".
In addition, the Ministry of Construction proposed that the Ministry of Finance study more policies on tax collection for the price difference between the calculation of land use fees and product prices of real estate projects. At the same time, unused houses and real estate also need to be studied for taxation.
Need a roadmap to avoid the market being "shocked"
Expressing his views on the plan to tax the real estate sector, Associate Professor, Dr. Phan Huu Nghi - Deputy Director of the Institute of Banking and Finance, National Economics University - said that a tax mechanism similar to corporate income tax should be applied, that is, it should be calculated on the profit after deducting expenses. To do this, it is necessary to combine it with the current relatively fully updated buying and selling price management data system, along with strict sanctions for incorrect price declaration. This approach not only helps the real estate market become more transparent, but also limits the situation of "double-priced" declaration and speculative behavior to push up prices.
Dr. Tran Xuan Luong - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation - said that if it is forced to be applied in a short time, it is necessary to reconsider the 20% tax rate, because this is a relatively high number. The Ministry of Finance should consider reducing it by half so that people have time to gradually get used to the new policy. More importantly, before mass implementation, it is necessary to prioritize building a unified data system, applying technology to make the market transparent.
