Sudden increase in tax revenue from the transfer of real estate, securities, cars…

In the first months of 2021, after the impact of the Covid-19 epidemic in 2020, in the Vietnamese market, mergers, consolidation, and revaluation of assets when contributing capital and transferring capital increased, increasing revenue and the final certain result coming that corporate income tax suddenly increased at VND 5,000-6,000 billion.

At the same time, implementing a policy of reducing registration fees by 50% for domestically manufactured and assembled cars until the end of December 31, 2020, resulting in strong consumption of domestically manufactured and assembled cars. Particularly in December 2020, the number of cars consumed doubled over the same period, resulting in a sudden increase in corporate income tax of about 4,000 billion VND over the same period.

The hot growth of the stock and real estate markets in the first months of 2021 also contributed to the increase in income from real estate registration fees and personal income tax from capital transfers, securities transfers and real estate transfers.

According to

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