Tran Du Lich, deputy head of the National Assembly representative committee from Ho Chi Minh City, supported the value-based house tax law because it accords with international norms, but he said the law needed to delineate more housing categories to be fair to all residents.
The proposal would tax houses valued between VND600 million (US$33,700) and VND1.2 billion to 0.05 percent of their total value.
Those costing more would be taxed 0.1 percent.
“So owners of a VND10-billion house will pay the same tax as those who own a VND1.3-billion house. But they should obviously pay more,” Vo said.
