Vietnam mulls new property tax to curb speculation


A recently developed residential complex in Hanoi. - VNA/VNS

HANOI: Taxing personal income from real estate transfers based on ownership duration, as practised in some countries, is necessary to curb speculation, according to economists and industry experts.

However, some argue a carefully calibrated roadmap is essential to prevent underreporting or misreporting to evade taxes.

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Vietnam , property , tax

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