Fine up to 6 million VND for late transfer of red book
According to current regulations, the deadline for transferring the red book is 30 days from the date of notarizing the land sale and transfer contract.
If the procedures have not been completed after this deadline, the land user may be subject to an administrative fine of up to VND6 million.
Individuals who violate the law will be fined from 23 million VND, while organizations that violate the law will be fined from 46 million VND. In addition to the fine, violators are required to register additional changes in the land plot according to regulations.
Fine up to 25 million VND if late in submitting tax declaration documents
Within 30 days from the date the transfer contract is notarized, people must complete the name change procedure and submit personal income tax declaration documents within 10 days from the date of tax obligations.
In case of late payment of tax declaration, the land user may be subject to an administrative fine of up to 25 million VND.
The authorities recommend that implementing on time not only helps people avoid being fined but also ensures legal rights when conducting transactions later.
Competent authority to register land changes
Land change registration is done at the Land Registration Office or Branch of the Land Registration Office.
Land registration office: Receive documents of domestic organizations; religious organizations; foreign organizations with diplomatic functions; foreign-invested economic organizations; foreign organizations and foreign individuals.
Branch of the Land Registration Office: Receive documents of individuals, communities and people of Vietnamese origin residing abroad.
The processing time is no more than 10 working days from the date of receipt of valid documents.
People need to pay attention
People should proactively carry out procedures for transferring red books and declaring taxes on time to avoid administrative sanctions. At the same time, completing procedures in accordance with regulations will help ensure legal benefits and facilitate the implementation of purchase, sale, transfer or mortgage transactions later.
