Property industry in Vietnam hits out at new real estate tax based on valuation

[Nicholas Wallwork]

A property tax system based on home value is unfair and not a*viable option for the growing real estate market in Vietnam,*it is claimed.

As the government works on a new draft law the industry is*arguing that a real estate tax system should be based on the*area in which properties are built rather than on valuations*which are subjective and uncontrolled at present.

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