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Property tax

Lawyer Truong Thanh Duc: Properties should only be taxed if its accumulated values exceed $220,000

The property of an individual should be accumulated and only be imposed in progressive taxation if its value exceeds $220,000 to avoid taxing low-income people, ensuring social equality.

World Bank's Lead Economist: The biggest disadvantage of the property tax is its high administrative cost

The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.

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