Taxation of assets: international experience and implications for Vietnam

Abstract

           In the world, property tax is a type of tax that was introduced very early and accounts for a high proportion of total state budget revenue. In Vietnam, although there are a number of taxes related to property, there is no official property tax law governing the types of taxable assets. Many studies and assessments have clarified that the promulgation of the Property Tax Law in Vietnam is necessary in accordance with international practices and state policies as well as with the trend of reforming the tax system during this period. Currently. This article researches and analyzes experiences in property tax management in different countries and proposes some policy implications in the process of developing property taxes in Vietnam.