• 30% on the portion of increment that amounts to less than 50% of the deductions.
• 40% on the portion of increment that amounts to more than 50% but less than 100% of the deductions.
• 50% on the portion of increment that amounts to more than 100% but less than 200% of the deductions.
• 60% on the portion of increment that amounts to more than 200% of the deductions.

The increment is computed by the following formula: the increment = the income obtained from transfer of real estate property minus the deductions.

Deductions: the sum paid for the right to the use of land; the cost of land development; the cost and fees incurred in construction of new buildings and supportive facilities or assessed price of old houses and building; the tax paid on transfer of the real estate property; and other deductions prescribed by the Ministry of Finance.

In computing increment tax on land value, costs incurred by the real estate development projects, financial costs, management costs and payment of interest in financial costs, should be deducted from the increment value. The deductions shall be computed at a rate not higher than the current rate for bank loans provided the cost are assessed and shared as items attributable to real estate property transfer and verified as such by the relevant financial organizations. In regard to the rest of the estate development cost in the aforesaid category, the deducted sum shall be computed 5% of the total cost of the real estate. In regard to the cost that cannot be assessed and shared as items attributable to real estate property transfer and verified as such by the relevant financial organizations, the deducted sum shall be equivalent to 5% of the total cost land the real estate.