Is personal income trực tiếp bóng đá euro hôm nay exempted for real estate transfers in Vietnam between husband and wife in 2024?
Is personal income trực tiếp bóng đá euro hôm nay exempted for real estate transfers in Vietnambetween husband and wife in 2024?
Pursuant to Clause 1, Article 4 of the2007 Personal Income trực tiếp bóng đá euro hôm nay Lawwhich stipulates the subjects of trực tiếp bóng đá euro hôm nay exemption as follows:
Income Exempted from trực tiếp bóng đá euro hôm nay
- Income from the transfer of real estate between husband and wife; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- Income from the transfer of residential houses, ownership rights of homestead land, and properties attached to homestead land of individuals in cases where individuals possess only one residential house or homestead land.
- Income from the value of land use rights for land allocated to individuals by the State.
- Income from inheritance or gifts of real estate between husband and wife; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- Income of households and individuals directly engaged in agricultural production, forestry, salt making, aquaculture, and fishing, which have not been processed into other products or have undergone only preliminary processing.
- Income from the conversion of agricultural land allocated to households and individuals by the State for production.
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From the above regulations, it can be seen that income from the transfer of real estate between husband and wife in 2024 is subject to personal income trực tiếp bóng đá euro hôm nay exemption.
Is personal income trực tiếp bóng đá euro hôm nay exempted for real estate transfers in Vietnam between husband and wife in 2024?(Image from the Internet)
What is the procedures for declaring trực tiếp bóng đá euro hôm nay exemption for income from real estate transfers in Vietnam between husband and wife?
According to the Appendix issued withDecision 2780/QD-BTC 2023, the procedure for declaring trực tiếp bóng đá euro hôm nay exemption for income from real estate transfers is as follows:
- Step 1: Individuals transferring real estate eligible for trực tiếp bóng đá euro hôm nay exemption (including residences, future formed construction works) prepare and submit trực tiếp bóng đá euro hôm nay exemption documents along with trực tiếp bóng đá euro hôm nay declaration documents at the one-stop-shop department or trực tiếp bóng đá euro hôm nay Sub-department where the real estate is located.
In cases where local one-stop-shop regulations are not implemented, documents should be submitted directly at the land use rights registration office where the real estate is transferred.
In cases of transferring residential houses or future formed construction works, trực tiếp bóng đá euro hôm nay declaration and personal income trực tiếp bóng đá euro hôm nay payment are conducted at the local trực tiếp bóng đá euro hôm nay Sub-department where the residences or construction works are located.
- Step 2: The trực tiếp bóng đá euro hôm nay authority receives the documents:
+ If the documents are submitted directly at the trực tiếp bóng đá euro hôm nay authority or sent by postal service: the trực tiếp bóng đá euro hôm nay authority will receive and handle the documents as regulated.
+ If the documents are submitted to the trực tiếp bóng đá euro hôm nay authority via electronic transactions, document receipt, examination, acceptance, handling, and notification of results are processed through the trực tiếp bóng đá euro hôm nay authority's electronic data system.
For real estate transfers between husband and wife, the trực tiếp bóng đá euro hôm nay authority is responsible for extracting information from the National Population Database as stipulated in Article 84 ofCircular 80/2021/TT-BTC(amended and supplemented byCircular 43/2023/TT-BTC) to resolve trực tiếp bóng đá euro hôm nay exemption procedures for taxpayers.
If information about a citizen’s residence cannot be extracted from the National Population Database, taxpayers must provide documentation relevant to determining those eligible for trực tiếp bóng đá euro hôm nay exemption for each case.
- Step 3: The trực tiếp bóng đá euro hôm nay authority reviews and resolves the documents and returns the results as regulated.
How to calculate personal income trực tiếp bóng đá euro hôm nay on real estate transfers in Vietnam?
According to Clause 4, Article 12 ofCircular 111/2013/TT-BTCas amended by Article 17 ofCircular 92/2015/TT-BTC, the calculation of personal income trực tiếp bóng đá euro hôm nay on real estate transfers is stipulated as follows:
- Personal income trực tiếp bóng đá euro hôm nay on income from real estate transfers is determined as follows:
Personal Income trực tiếp bóng đá euro hôm nay Payable = Transfer Price x trực tiếp bóng đá euro hôm nay Rate
Where the trực tiếp bóng đá euro hôm nay rate for real estate transfers is 2% of the transfer price or lease price.
Therefore, the formula for calculating personal income trực tiếp bóng đá euro hôm nay on income from real estate transfers is:Personal Income trực tiếp bóng đá euro hôm nay Payable = Transfer Price x 2% trực tiếp bóng đá euro hôm nay Rate
- In cases where the property being transferred is jointly owned, the trực tiếp bóng đá euro hôm nay obligation is determined separately for each taxpayer based on their ownership proportion. The basis for determining ownership proportion can be legal documents such as the initial capital contribution agreement, wills, or court division decisions. In the absence of legal documents, the trực tiếp bóng đá euro hôm nay obligation for each taxpayer is determined based on an equal average proportion.
