1. Penalty for not registering land
Pursuant to Clause 3, Article 133 of the 2024 Land Law, within no more than 30 days from the date of notarization of the contract for sale and transfer of real estate, the land user must transfer the red book.
Accordingly, Article 16 of Decree 123/2024/ND-CP stipulates the penalty for late transfer of red book ownership as follows:
- Fine from 1,000,000 VND to 2,000,000 VND for not performing initial land registration.
- A fine of VND 2,000,000 to VND 3,000,000 for failure to register land changes.
In addition to being fined, land users are also forced to register land according to regulations.
2. Penalty for late submission of tax declaration
When transferring the red book, the land user must also fulfill tax obligations, including personal income tax and registration fees.
According to Clause 3, Article 44 of the Law on Tax Administration 2019, within 10 days from the date of tax liability, land users must submit tax declaration dossiers.
At the same time, Clause 2, Article 10 of Decree 126/2020/ND-CP also stipulates the deadline for submitting registration fee declaration dossiers together with the deadline for submitting dossiers for registration of ownership and right to use assets with competent state management agencies (including cases implemented under the one-stop mechanism or submitted directly to the tax authority).
Article 13 of Decree 125/2020/ND-CP stipulates the penalty for late submission of tax declarations as follows:
