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Proposed new property tax divides opinions

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Buildings seen in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

 

A new property tax that authorities are considering to prevent land speculation has evoked a mixed response with developers opposing it, saying the market could be negatively impacted.

 

After the Ministry of Finance earlier this month solicited opinions on the proposal, most analysts VnExpress spoke to supported the idea of hiking taxes on property amid the surging prices and speculation.

 

Currently there is a land-use fee, with ownership of all land technically vesting with the government, and no property tax.

 

Full Story: https://e.vnexpress.net/news/economy/proposed-new-property-tax-divides-opinions-4435619.html

 

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-- © Copyright VN Express 2022-03-07

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