What type of land is urban residential land according to the Land Law? How is residential land use tax calculated in urban areas?
What type of land is urban residential land according to the provisions of the Land Law?
According to Clause 1, Article 196 Land Law The definition of urban residential land is land for housing and other purposes serving life in the same plot of land in an urban area.
According to Clause 3, Article 9Land Law Soil classification is as follows:
Soil classification
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3. Non-agricultural land group includes the following types of land:
a) Residential land, including rural residential land and urban residential land;
So urban residential land belongs to the non-agricultural land group.
How is residential land use tax in urban areas currently calculated?
According to Clause 1, Article 1 Circular 153/2011/TT-BTC stipulates that subjects subject to tax on residential land use in urban areas are subject to tax on non-agricultural land use.
So the provisions in Clause 2, Article 8 apply Circular 153/2011/TT-BTC, residential land use tax in urban areas is determined according to the following formula:
Tax amount payable (VND) = Tax amount incurred (VND) – Tax amount exempted or reduced (VND)
In there:
Tax amount incurred = Taxable land area x Price of 1 square meter of land x Tax rate (%)
Note about tax rates:
- Area within limit: 0.03%.
- The area exceeding the limit is not more than 3 times: 0.07%.
- Area exceeding 3 times the limit: 0.15%.