In comments on a draft law amending several tax laws, National Assembly delegate Tô Huy Vũ urged that debt handling not be equated with speculative land hoarding, since properties held by credit institutions and VAMC for collateral handling are awaiting sale within the legal timeframe. He proposed excluding this group from the 0.2% tax rate on vacant land, and applying the rate only after a competent authority determines and announces that land is taxable. Because the 2024 Land Law has no definition of vacant land, he warned of a legal gap if the two laws do not take effect together from 1 July. He also called for avoiding double collection of financial obligations, and strongly backed corporate income tax exemption for public education institutions.
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Original headline: Đất ngân hàng đang xử lý nợ có đánh thuế như đất bỏ hoang?
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