Can Tho: Transferred to police a series of "double price" cases of real estate tax evasion

On May 30, Can Tho City Tax Department announced a report on the work of preventing loss of real estate transfer revenue from October 2022 to the end of May 2024.

According to the report, the Can Tho City Tax Department has received 5,789 cases of difference in transfer value between contracts and contract appendices from notary offices in the city. The total difference in value between contracts and contract appendices for real estate transfer is up to more than 5,758 billion VND.

Currently, the City Tax Department is processing (making administrative violation records and transferring files to the police) 482 files, accounting for 8.33%. Of these, 233 files have been transferred to the police and the police have responded to 20 files.

Can Tho City Tax Department (Photo: Contributor).

In addition, the tax authority has processed 1,166 files, accounting for 20.14%. The total amount of taxes, fees, and fines payable is nearly 134 billion VND. By the end of May 2024, the amount of taxes, fees, and fines paid reached more than 123 billion VND, while the amount of unpaid fines was more than 10.6 billion VND.

In June 2022, the Can Tho City Tax Department issued a notice on additional declaration of real estate transfer records. This notice emphasized that many cases of tax declaration did not match the actual value of real estate transactions. The Can Tho Tax Department discovered that a number of organizations and individuals declared transfer prices that did not match the actual transaction prices.

In many cases, when buying and selling, two contracts are often made, one main contract and one appendix with different prices (the appendix price is higher than the main contract price). When declaring taxes, they base on the main contract to evade personal income tax and registration fees.

Source: https://dantri.com.vn/bat-dong-san/can-tho-chuyen-cong-an-hang-loat-truong-hop-2-gia-tron-thue-bat-dong-san-20240530183411479.htm