Require taxpayers to honestly declare real estate prices

DNHN - The examination of "suspect" records with indicators of tax evasion, according to the Tax Department of Long An province, is to guarantee people's and enterprises' rights and justice.

According to the Provincial Tax Department, from the beginning of the year until now, Tax Departments under the Provincial Tax Department have returned and requested adjustments to raise prices by actual transactions for hundreds of dossiers in other provinces and cities such as Long An. 

Profile of real estate, As a result, taxpayers filed up to 473 papers to alter the transaction price, boosting tax collection and payment to the state budget by more than 2.1 billion dongs.

Require taxpayers to report true property values. According to the Long An Tax Department's first-quarter report, personal income tax from real estate transfer, inheritance, and gift receipts grew by 105.7 billion VND, or 78.4%, over the same time in 2021. Tax authorities will ask taxpayers to provide correct information.

The examination of "suspect" records with indicators of tax evasion, according to the Tax Department of Long An province, is to guarantee people's and enterprises' rights and justice. The individuals altered the majority of the returning records.

As a result, even though hundreds of dossiers have been discovered to constitute tax evasion, this unit has yet to administratively penalize or transfer the case to another agency with investigative competence.

Only in the first half of last March, did the Ba Ria-Vung Tau tax sector pay more than 1,200 applications for real estate transfer and transfer because there were indications that the declaration was substantially lower than the actual price.

There are 155 declarations, adjustments, supplements, and return to tax authorities dossiers among them. As a consequence, the extra tax collected on commercial operations and real estate transfers has exceeded 3 billion VND in the past.

Duc Trong