The Ministry of Finance said that cases of transferring real estate with the declared price on the contract lower than the actual transfer price is a tax violation and will be handled in accordance with the law.
In case of real estate transfer, the declared price on the contract is lower than the actual transfer price.
The Ministry of Finance has just issued Official Letter No. 14257/BTC-VP dated December 15, 2021 to the People's Committees of the provinces and centrally-run cities and the General Department of Taxation on combating tax loss in business activities and transfers. real estate.
Accordingly, to prevent tax loss in business activities and real estate transfer; To guide people and businesses to properly declare real estate transfer prices, improve management efficiency, and ensure state budget revenues.
At the same time, it is required notarization practice organizations and relevant state agencies to guide people, real estate project investors, real estate trading and transfer enterprises to declare on notarization contracts.
According to the actual purchase and sale price, to serve as a basis for tax calculation according to the provisions of law.
Cases of transferring real estate with the declared price on the contract lower than the actual transfer price is a tax violation and will be handled in accordance with the law.
