Official Letter No. 1434/CTDAN-TTHT dated 24/02/2025 of the Tax Department of Da Nang City on determining the deductible land price when calculating VAT on real estate transfer activities

In case the company receives the transfer of land use rights from individuals and households, the land price deducted for VAT calculation is the land price at the time of receiving the land use right transfer, excluding the value of infrastructure.

In case the Company receives real estate transfers from individuals and households that have determined the land price including the value of infrastructure, the land price deducted for VAT calculation is the land price at the time of receiving the transfer, excluding infrastructure.

In case the value of infrastructure cannot be separated at the time of receiving the transfer, the land price to be deducted for VAT calculation is the land price prescribed by the People's Committee of the province or centrally-run city at the time of signing the transfer contract.

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