What is trực tiếp bóng đá hôm nay euro formula for calculating personal income tax from real estate transfers in Vietnam?
What is trực tiếp bóng đá hôm nay euro formula for calculating personal income tax from real estate transfers in Vietnam?
Based on Clause 4, Article 12 ofCircular 111/2013/TT-BTCas amended by Article 17 ofCircular 92/2015/TT-BTCwhich prescribes trực tiếp bóng đá hôm nay euro method for calculating personal income tax for income from real estate transfers as follows:
Tax basis for income from real estate transfer
trực tiếp bóng đá hôm nay euro basis for calculating tax on income from real estate transfer is trực tiếp bóng đá hôm nay euro transfer price per transaction and trực tiếp bóng đá hôm nay euro tax rate.
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- Tax calculation method
a) Personal income tax on income from real estate transfer is determined as follows:
Personal income tax payable = Transfer price x Tax rate 2%
b) In cases of joint ownership real estate transfer, trực tiếp bóng đá hôm nay euro tax obligation is determined separately for each taxpayer based on trực tiếp bóng đá hôm nay euro real estate ownership ratio. trực tiếp bóng đá hôm nay euro basis for determining trực tiếp bóng đá hôm nay euro ownership ratio includes legal documents such as: original capital contribution agreement, will, or court's division decision, etc. In trực tiếp bóng đá hôm nay euro absence of legal documents, trực tiếp bóng đá hôm nay euro tax obligation for each taxpayer is determined based on trực tiếp bóng đá hôm nay euro average ratio.
Thus, trực tiếp bóng đá hôm nay euro formula for calculating personal income tax on income from real estate transfer is:
Personal income tax payable = Transfer price x Tax rate 2%
Formula for calculating personal income tax from real estate transfer in Vietnam(Image from trực tiếp bóng đá hôm nay euro Internet)
What types of income are subject to personal income tax from real estate transfer in Vietnam?
Based on Clause 5, Article 2 ofCircular 111/2013/TT-BTC, taxable income from real estate transfer includes:
- Income from trực tiếp bóng đá hôm nay euro transfer of land use rights.
- Income from trực tiếp bóng đá hôm nay euro transfer of land use rights and assets attached to trực tiếp bóng đá hôm nay euro land. Assets attached to trực tiếp bóng đá hôm nay euro land include:
+ Houses, including future housing.
+ Infrastructure and construction works attached to trực tiếp bóng đá hôm nay euro land, including future construction works.
+ Other assets attached to trực tiếp bóng đá hôm nay euro land, including agricultural, forestry, aquaculture products (such as crops, livestock).
- Income from trực tiếp bóng đá hôm nay euro transfer of house ownership rights, including future housing.
- Income from trực tiếp bóng đá hôm nay euro transfer of land lease rights, water surface lease rights.
- Income from contributing capital with real estate to establish enterprises or increase production and business capital of enterprises in accordance with trực tiếp bóng đá hôm nay euro law.
- Income from authorizing trực tiếp bóng đá hôm nay euro management of real estate where trực tiếp bóng đá hôm nay euro authorized person has trực tiếp bóng đá hôm nay euro right to transfer real estate or has rights similar to trực tiếp bóng đá hôm nay euro real estate owner as prescribed by law.
- Other income received from real estate transfer, in any form.
How to declare taxes for income from real estate transfer in Vietnam?
Based on Clause 3, Article 26 ofCircular 111/2013/TT-BTC, tax declaration for income from real estate transfer is as follows:
- Individuals with income from real estate transfer shall declare tax for each transaction, even if they are exempt from tax. Specific cases of tax declaration include:
+ In cases where individuals with land use rights, house ownership mortgage or pledge to secure loans at credit institutions or foreign bank branches; upon trực tiếp bóng đá hôm nay euro expiration of trực tiếp bóng đá hôm nay euro repayment period, individuals are unable to repay, credit institutions or foreign bank branches shall handle trực tiếp bóng đá hôm nay euro sale of trực tiếp bóng đá hôm nay euro pledged real estate and declare and pay personal income tax on behalf of trực tiếp bóng đá hôm nay euro individual before settling trực tiếp bóng đá hôm nay euro individual's debt.
+ In cases where individuals with land use rights, house ownership mortgage to secure loans or payments with other organizations or individuals, and now transferring trực tiếp bóng đá hôm nay euro entire (or part of) trực tiếp bóng đá hôm nay euro real estate to settle debts, trực tiếp bóng đá hôm nay euro land use right holder or house owner must declare and pay personal income tax or trực tiếp bóng đá hôm nay euro organization/individual completing trực tiếp bóng đá hôm nay euro transfer on their behalf must declare and pay personal income tax on behalf of trực tiếp bóng đá hôm nay euro individual before settling trực tiếp bóng đá hôm nay euro debts.
+ In cases where real estate is transferred by individuals to other organizations or individuals as per trực tiếp bóng đá hôm nay euro Court's enforcement decision, trực tiếp bóng đá hôm nay euro transferring individual must declare and pay tax or trực tiếp bóng đá hôm nay euro organization/individual organizing trực tiếp bóng đá hôm nay euro auction must declare and pay personal income tax on behalf of trực tiếp bóng đá hôm nay euro transferring individual. For real estate of individuals confiscated and auctioned by competent State authorities and paid into trực tiếp bóng đá hôm nay euro State Budget as per trực tiếp bóng đá hôm nay euro law, tax declaration and payment are not required.
+ In cases of exchanging houses or land between individuals, not falling within trực tiếp bóng đá hôm nay euro personal income tax exemption for agricultural land exchange for production as guided in point dd, Clause 1, Article 3 ofCircular 111/2013/TT-BTC, each individual involved in trực tiếp bóng đá hôm nay euro exchange must declare and pay personal income tax.
+ In cases of declaring personal income tax returns for real estate transfer on behalf of others, trực tiếp bóng đá hôm nay euro organization/individual declaring must add "Declaring on behalf of" before trực tiếp bóng đá hôm nay euro phrase "Taxpayer or Legal representative of trực tiếp bóng đá hôm nay euro taxpayer" and trực tiếp bóng đá hôm nay euro declarer must sign and clearly state their full name; if it is an organization declaring on behalf, trực tiếp bóng đá hôm nay euro organization’s seal after signing must be affixed. Tax calculation records and tax receipts still need to reflect trực tiếp bóng đá hôm nay euro individual transferring trực tiếp bóng đá hôm nay euro real estate as trực tiếp bóng đá hôm nay euro taxpayer.
- Real estate management agencies shall only complete trực tiếp bóng đá hôm nay euro procedures for transferring ownership or usage rights of real estate upon receipt of trực tiếp bóng đá hôm nay euro personal income tax payment receipt or certification from trực tiếp bóng đá hôm nay euro tax authority indicating that trực tiếp bóng đá hôm nay euro income from trực tiếp bóng đá hôm nay euro real estate transfer is exempt from tax or temporarily not subject to tax.
