TheMinistry of Finance (MoF) said it will start piloting to collectnon-agricultural land-used tax in Hà Nội, the southern city of Cần Thơand the northern province of Bắc Ninh.
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The MoF will enumerate non-agricultural land-used tax in four precincts and four communes in the three localities for piloting tax collection.
The pilot stage will focus on identifying taxation areas, connecting and exploiting database of local agencies on tax and natural resources.
The Law on non-agricultural land-used tax was approved by the 12th National Assembly and will be effective from January 1, 2012.
The Law stipulates that non-agricultural land owners have to pay tax to municipal and provincial People’s Committees for non-agricultural land use.
Specifically, tax rate of 0.03% will be imposed on land area within law-based limits, 0.07% on the land area which exceeds the limit less than 3 times, and 0.15% on land area which exceeds limits over three times.
The tax rates on non-agricultural land used for business and production will be 0.03%, and a rate of 0.15% will be applied for the wrongful purposes used land.
The Government recently asked competent agencies to put a close watch on the real estate market, quickly research and propose management policies, and prevent speculation and price hikes./.
VGP