New Tax policy for owning property in Vietnam

In addition to taxes, property transfer fees, from 2017, people who own two or more properties may be subject to income tax, in accordance with the Law on Property Tax. According to the head of the State Budget Department (Ministry of Finance) Vo Thanh Hung, property tax is a direct tax, hit on people with large…

When can foreigners buy property in Vietnam?

In 2015, the Vietnamese government came out with a decree allowing foreign nationals to purchase apartments to be licensed under their name for a maximum of 50 years without having to hold Vietnamese citizenship. However, there is still law in place that prevents foreigners from owning any Vietnamese land. As of 20 December 2017, the Ministry…