Question:
In Article 5, Section 2, Point a, Subpoint a.2 of the guidance on declaring and paying the property tax for Individuals, groups of individuals, and households renting out real estate, there is no clear provision regarding the deadline for submitting the property tax declaration. So, what is the deadline for submitting the property tax declaration for individuals who rent out assets?
Answer:
Based on Point b, Section 2, Article 5 of Circular No. 302/2016/TT-BTC dated November 15, 2016, issued by the Ministry of Finance, which provides guidance on property tax, the deadline for submitting property tax is no later than January 30th of each year for individuals who rent out assets. In the case of new lease contracts for assets, the deadline for submitting property tax is no later than the last day of the month following the month in which the tax liability arises, as stipulated by the law on personal income tax.
