Mr. Nguyen Quoc Viet, living in An Phu ward, Thu Duc city, said he had just submitted an application to change the land use purpose for the agricultural land plot that his family owns with an area of 1.2 hectares in the area. Hoc Mon district. Because this land has had many disputes with the former landowners for a long time, it has not been possible to apply for recognition of residential land. Now I heard information that, based on the new draft land price list, the location of his family's land used to cost less than 2 million VND/m2, but now it has skyrocketed to nearly 50 million VND.
Thus, in order to be granted a residential land recognition book, after deducting the recognition limit (without having to pay land use fees), the family must also pay land use fees to the state, an amount of up to more than ten billion dong if I want to be granted a residential land recognition book. Mr. Viet said that a few days ago he submitted his application, and although the application was still received, the tax officer said that the tax calculation was postponed, waiting for instructions.
Meanwhile, the biggest headache is former agricultural land investors. Mr. NV Duy, an investor holding many agricultural land plots on Highway 50, Binh Chanh district, is having quite a headache.
Previously, aiming to invest in land to move to the city in the future, he and many other friends invested in a number of plots of land about 5-6 years ago and have not yet carried out the procedures for residential real estate.
With the draft of the new land price list, this area will increase from nearly 20 times compared to the previous time, the cost to complete the conversion or transfer documents will increase from 3-5 times compared to the present. in. He offered to sell many plots of land at prices much lower than the market price but it was not easy to find buyers. If converted, the cost is too high, so this is quite a headache for investors today.
As noted by a reporter from Lao Dong Newspaper, currently, in areas such as Hoc Mon and Binh Chanh districts, the number of people applying to change land use purpose and legalize real estate is quite large. Although documents are still received by experts normally, tax experts said that tax authorities are focusing on processing documents submitted before August 1.
While the adjusted land price list has not been issued, tax authorities in districts and Thu Duc City only calculate financial obligations for documents transferred to tax authorities from July 31, 2024 or before. As for records converted to tax from August 1, 2024 (the effective date of the 2024 Land Law), these agencies are still waiting for instructions on how to calculate. The reason for this is because the calculation of financial obligations under the new Land Law has some changes compared to the old calculation method.
Previously, there were some cases when calculating financial obligations, in addition to applying the price in the land price list, also multiplying by the adjustment coefficient (K coefficient), but the new calculation has removed the K coefficient. Although the Land Law Belt 2024 allows localities to continue using the old land price list until December 31, 2025, but according to many tax officials, the old land price list was previously controlled by the land price frame so the price offered was low, only equal to about 30% of market price.
This information also makes most people angry. The fact that tax authorities stopped calculating financial obligations while there is no new land price list has made them confused and worried. Many opinions suggest that Ho Chi Minh City should continue to apply the current land price list and land price adjustment coefficient until December 31, 2025 to create favorable conditions for people to pay land use fees.