Include in the draft law provisions on taxing gold bar transfers

This information was announced by a representative of the Ministry of Finance at the regular press conference for the third quarter of 2025, organized by the Ministry of Finance on the afternoon of October 3.

Regarding the taxation of gold transactions, Deputy Director of the Department of Tax, Fee and Charge Policy Management and Supervision (Ministry of Finance) Luu Duc Huy said that the draft Personal Income Tax has been submitted to the National Assembly , in which it is proposed to levy a tax of 0.1% on the transfer price of gold bar transactions. The draft proposes that the National Assembly assign the Government to stipulate the time of application.

Answering reporters' questions about the reason the Ministry of Finance withdrew the proposal Regarding the proposal to tax real estate transfers based on holding time, Mr. Luu Duc Huy said that the draft Law on Personal Income Tax (amended) has the above proposal, but after synthesizing comments, the Ministry of Finance accepted and completed it in the direction of keeping it as current regulations.

According to the current Personal Income Tax Law, personal income tax for residents with income from real estate transfers is determined by multiplying the transfer price (x) by the tax rate of 2%.

Deputy Director of the Department of Tax, Fee and Charge Policy Management and Supervision (Ministry of Finance) Luu Duc Huy. Photo: HT

Previously, the draft Law on Personal Income Tax (amended) proposed a plan to collect personal income tax on real estate transfers at a tax rate of 20% on income (profit level).

In case the purchase price and costs related to the transfer of real estate are not determined, personal income tax is determined by multiplying the selling price by the tax rate as follows: For real estate with a holding period of less than 2 years, it is 10%. For real estate with a holding period of 2 years to less than 5 years, it is 6%. For real estate with a holding period of 5 years to less than 10 years, it is 4%. For real estate with a holding period of 10 years or more, it is 2%. After that, the Ministry of Finance withdrew the above proposals.

Regarding budget revenue, according to data given at the press conference, budget revenue for the first 9 months of 2025 reached 1.9 million billion VND, reaching 96.7% of the year's estimate.

Deputy Director of the Tax Department Mai Son said that the positive budget collection results were thanks to the efforts of enterprises, organizations, business households, and individual businesses to overcome difficulties. Along with that, the Ministry of Finance directed the implementation of support packages for businesses and people. The tax sector made efforts to reform administrative procedures, digitalize, and nurture revenue sources. Revenue from e-commerce, cross-border trade, and business household management, which previously faced many difficulties, has increased well in recent times.

Land revenue that has not been completed for many years (due to reasons such as site clearance and policies) has been resolved, creating room for revenue. Project development helps promote ancillary activities such as labor and construction materials, thereby helping production and business develop.

Providing more information about the above results, Deputy Minister of Finance Nguyen Duc Chi said that economic growth is a good foundation to help the budget collection progress positively. Budget collection is also ensured to be collected correctly, fully, and in a timely and strict manner; bottlenecks in mechanisms and problems of projects are resolved.

Source: https://hanoimoi.vn/dua-vao-du-thao-luat-quy-dinh-danh-thue-chuyen-nhuong-vang-mieng-718310.html