When is vtv2 trực tiếp bóng đá hôm nay time to calculate personal income tax on real estate transfers in Vietnam?

When is vtv2 trực tiếp bóng đá hôm nay time to calculate personal income tax on real estate transfers in Vietnam?

Based on Article 12 ofCircular 111/2013/TT-BTCas amended by Article 17 ofCircular 92/2015/TT-BTCstipulated as follows:

Bases for calculation of tax on income from real estate transfer

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3. vtv2 trực tiếp bóng đá hôm nay time to calculate tax on real estate transfers is determined as follows:

- In case vtv2 trực tiếp bóng đá hôm nay transfer contract does not stipulate that vtv2 trực tiếp bóng đá hôm nay buyer is vtv2 trực tiếp bóng đá hôm nay tax payer on behalf of vtv2 trực tiếp bóng đá hôm nay seller, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay transfer contract takes effect according to legal regulations;

- In case vtv2 trực tiếp bóng đá hôm nay transfer contract stipulates that vtv2 trực tiếp bóng đá hôm nay buyer is vtv2 trực tiếp bóng đá hôm nay tax payer on behalf of vtv2 trực tiếp bóng đá hôm nay seller, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay procedures for registering ownership, use rights of vtv2 trực tiếp bóng đá hôm nay real estate are carried out. In case an individual transfers future housing, use rights of land associated with future construction, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay individual submits vtv2 trực tiếp bóng đá hôm nay tax declaration dossier to vtv2 trực tiếp bóng đá hôm nay tax authority.

4. Tax calculation method

a) Personal income tax on income from real estate transfer is calculated as follows:

Personal income tax payable = Transfer price x Tax rate of 2%

b) In case of transferring co-owned real estate, vtv2 trực tiếp bóng đá hôm nay tax obligation is determined separately for each taxpayer according to vtv2 trực tiếp bóng đá hôm nay ownership ratio. vtv2 trực tiếp bóng đá hôm nay basis for determining vtv2 trực tiếp bóng đá hôm nay ownership ratio is legal documents such as: initial capital contribution agreement, will, or court decision, etc. In vtv2 trực tiếp bóng đá hôm nay absence of legal documents, vtv2 trực tiếp bóng đá hôm nay tax obligation of each taxpayer is determined according to an average ratio.

Thus, vtv2 trực tiếp bóng đá hôm nay time to calculate personal income tax on real estate transfers is determined as follows:

- In case vtv2 trực tiếp bóng đá hôm nay transfer contract does not stipulate that vtv2 trực tiếp bóng đá hôm nay buyer is vtv2 trực tiếp bóng đá hôm nay tax payer on behalf of vtv2 trực tiếp bóng đá hôm nay seller, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay transfer contract takes effect according to legal regulations;

- In case vtv2 trực tiếp bóng đá hôm nay transfer contract stipulates that vtv2 trực tiếp bóng đá hôm nay buyer is vtv2 trực tiếp bóng đá hôm nay tax payer on behalf of vtv2 trực tiếp bóng đá hôm nay seller, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay procedures for registering ownership, use rights of vtv2 trực tiếp bóng đá hôm nay real estate are carried out.

In case an individual transfers future housing, use rights of land associated with future construction, vtv2 trực tiếp bóng đá hôm nay time for calculating tax is when vtv2 trực tiếp bóng đá hôm nay individual submits vtv2 trực tiếp bóng đá hôm nay tax declaration dossier to vtv2 trực tiếp bóng đá hôm nay tax authority.

When is thetime to calculatepersonal income tax on real estate transfers in Vietnam? (Image from vtv2 trực tiếp bóng đá hôm nay Internet)

Which incomes are exempt from personal income tax on real estate transfers in Vietnam?

According to Article 4 of vtv2 trực tiếp bóng đá hôm nayLaw on Personal Income Tax 2007as supplemented by Clause 3, Article 2 of vtv2 trực tiếp bóng đá hôm nayLaw Amending Laws on Taxation 2014and amended by Clause 2, Article 1 of vtv2 trực tiếp bóng đá hôm nayLaw on Personal Income Tax Amendment 2012, it stipulates 5 types of income exempt from personal income tax as follows:

(1) Income from vtv2 trực tiếp bóng đá hôm nay transfer of real estate between husband and wife; biological parents to biological children; adoptive parents to adopted children; in-laws to daughters-in-law; in-laws to sons-in-law; paternal grandparents to grandchildren; maternal grandparents to grandchildren; siblings with each other.

(2) Income from vtv2 trực tiếp bóng đá hôm nay transfer of housing, homestead land use rights, and assets attached to homestead land of an individual in cases where vtv2 trực tiếp bóng đá hôm nay individual only has one residential house or homestead land.

(3) Income from vtv2 trực tiếp bóng đá hôm nay value of land use rights assigned by vtv2 trực tiếp bóng đá hôm nay State to individuals.

(4) Income from receiving inheritance or gifts which are real estate between husband and wife; biological parents to biological children; adoptive parents to adopted children; in-laws to daughters-in-law; in-laws to sons-in-law; paternal grandparents to grandchildren; maternal grandparents to grandchildren; siblings with each other.

(5) Income from vtv2 trực tiếp bóng đá hôm nay conversion of agricultural land by households or individuals assigned by vtv2 trực tiếp bóng đá hôm nay State for production purposes.

When is vtv2 trực tiếp bóng đá hôm nay tax period for personal income tax on income from real estate transfers in Vietnam?

According to vtv2 trực tiếp bóng đá hôm nay provisions of Article 7 of vtv2 trực tiếp bóng đá hôm nayLaw on Personal Income Tax 2007as amended by Clause 3, Article 1 of vtv2 trực tiếp bóng đá hôm nayLaw on Personal Income Tax Amendment 2012which stipulates vtv2 trực tiếp bóng đá hôm nay tax period as follows:

Tax period

1. vtv2 trực tiếp bóng đá hôm nay tax period for resident individuals is stipulated as follows:

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b) vtv2 trực tiếp bóng đá hôm nay tax period for each time income arises applies to income from capital investment; income from capital transfer, except for income from securities transfer; income from real estate transfer; income from winning prizes; income from royalties; income from franchising; income from inheritance; income from gifts;

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2. vtv2 trực tiếp bóng đá hôm nay tax period for non-resident individuals is determined for each time income arises and applies to all taxable income.

Thus, vtv2 trực tiếp bóng đá hôm nay tax period for personal income tax on real estate transfer income is determined for each time vtv2 trực tiếp bóng đá hôm nay income arises.