Tax management in the real estate business by Quang Binh

DNHN - The Dong Hoi-Quang Ninh Tax Department has put in place many ways to tighten tax management in the real estate field to stop tax fraud in business activities.

Mr Hoang Van Giap, who is in charge of the tax department in Dong Hoi-Quang Ninh, said that the real estate market has grown a lot in recent years, which has led to a rise in real estate transactions and transfers. Prices that are written on contracts are often many times lower than the actual prices of transactions. This causes the state budget to lose money. On April 21, 2022, the Chairman of the Provincial People's Committee issued Directive No. 08/CT-UBND on strengthening management and fighting tax loss in business and real estate transfer in the province. This was done to make sure that real estate trading and transfers were handled strictly.

 As soon as the directive came out, the Dong Hoi-Quang Ninh Tax Department quickly put out a lot of documents on how to coordinate how real estate transfer documents are handled and how to spread the word to stop transfer loss. Real estate is sent to notary offices, branches of land registration offices, and the People's Committees of communes, wards, and townships in Quang Ninh district and Dong Hoi.

The Sub-department tries to get people to understand that putting a lower real estate transfer price on the sale and purchase contract than what was paid is against the law and could lead to serious legal problems. For example, it could lead to complaints, lawsuits, denunciations, compensation, and other legal situations.

Tax evasion is figuring out and lying about the value of a property to lower the amount of tax that needs to be paid. This will be dealt with according to the tax administration law and may be dealt with according to criminal law.

Along with propaganda, the branch is always focused on professional processes, especially the process of checking tax declaration documents at the tax office. The public reception always makes sure there is publicity, transparency, and information for as many people as possible who are coming at the same time. This saves time and helps taxpayers trust, agree, and feel at ease.

In cases where the tax authority has asked for an explanation but it hasn't been given, the branch must follow the "pre-check, post-inspection" policy to make sure the case is moving forward, not return the case, or not return the case and give the case to the right agency for further investigation and handling.

According to Mr Bui Xuan Phuong, Team Leader of Propaganda and Support Team for Foreigners, Registration and Other Collections, Dong Hoi-Quang Ninh Area Tax Sub-Department, the process of implementing work to prevent loss of revenue from real estate transfer activities in the area of Dong Hoi city and Quang Ninh district had many problems. For example, there were problems with the published market price database for comparison, and taxpayers had to explain. But there isn't much in the real estate market price database right now.

To stop tax evasion and tax fraud in business and real estate transactions, the Dong Hoi - Quang Ninh Tax Department will spread the word about tax policies and laws shortly. This includes the content of regulations on tax evasion and how to handle tax evasion violations in the criminal law and tax policies related to business activities and real estate transactions.

So, the goal is to help people and businesses understand their rights, responsibilities, obligations, and risks if they make, sign, and dishonestly report financial obligations. business, moving real estate. The Tax Department is still working with other departments and agencies to improve inspections and checks of real estate trading and transfer in the area.

"The Provincial People's Committee needs to put out a land price list that is close to the market price so that the tax sector can use it as a guide. This will help make the fight against revenue loss in business and real estate transfers more effective. If the price of the land is close to the market price, it will stop people from avoiding taxes by writing a lower price on the notarized contract than the actual price of the transaction. Hoang Van Giap, Director of the Dong Hoi-Quang Ninh Tax Department, said that the government needs to step in and deal with a few cases of falsely declaring prices on purpose to discourage people and make them more aware.

Trong Lanh