The General Department of Taxation received a recommendation from Ms. Vu Thi Nhat about real estate brokerage business. According to regulations:

Real estate business:

• Individuals doing real estate brokerage business must have a practicing certificate and tax registration.
• Brokerage commission is agreed upon in the contract.

Tax registration:

• Individuals and business households must register for tax within 10 working days of starting business.

Pay taxes:

• Value added tax (VAT) and personal income tax (PIT) are calculated based on generated revenue.
• Tax rates by industry are guided in Circular 40/2021/TT-BTC.
• In case of non-compliance with regulations on registration, tax declaration, or tax payment, business households/individuals will be punished according to the law.

Click here to view official dispatch details 5621/TCT-CS 2024