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New rates for housing transactions issued

Update: March, 17/2012 - 08:47

HA NOI — The Ha Noi People's Committee has issued Decision 05/2012/QD‑UBND outlining a new housing price schedule as a basis for calculating registration fees and personal income tax for housing transactions.

Under the Decision, the prices for newly-built houses will range between VND4.4-11 million (US$209.5-523.8) per square metre for villas, two- and three-storey houses and 20-25-storey apartment blocks, among others.

The housing price for calculating registration fees is the actual transfer price written on the payment invoice, transfer or purchasing contract, or registration fee declaration forms.-VNS

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