From August 1st, 2024, the 2023 Housing Law and Decree 100/2024/ND-CP officially came into effect, bringing many new and more open provisions regarding the conditions for enjoying the policy. social housingThis article will provide detailed, step-by-step instructions on how to verify income for both salaried employees and self-employed individuals, helping you confidently complete your application.

The latest income requirements for applying to buy social housing.

According to data from the Government Newspaper and Decree 100/2024/ND-CP, the income requirements for those eligible for social housing policies have been significantly relaxed compared to before, creating opportunities for millions of low-income and marginalized workers.

The income eligibility period is one consecutive year from the date of application submission. This greatly relieves pressure on workers in large industrial zones such as Trang Bang Industrial Park and Thanh Thanh Cong Industrial Park (Tay Ninh), where the average income of workers has increased due to overtime but they still fall within the group with a real need for housing.

Verify income for each target group.

Depending on the type of employment, the income verification process will differ significantly according to Circular 05/2024/TT-BXD of the Ministry of Construction.

For employees working in businesses and organizations.

If you are employed under a labor contract at private companies, government agencies, or factories in industrial zones, verifying your income is relatively simple:

• Sample confirmation form: Use Form No. 04 issued with Circular 05/2024/TT-BXD.
• Certification body: The business, agency, or organization where you work and receive a salary.
• Points to note: The head of the unit or a legally authorized person (such as the Human Resources Director or the Head of Accounting) will sign and affix the company's seal. The confirmation clearly states that the total monthly income received does not exceed the regulations.

For self-employed workers without employment contracts.

According to reports from the Vietnam Law Newspaper, self-employed workers (small traders, ride-hailing drivers, construction workers, freelance tailors, etc.) previously faced many difficulties because no agency would verify their income. Decree 100/2024/ND-CP has completely resolved this issue.

• Sample confirmation form: Use Form No. 05 issued with Circular 05/2024/TT-BXD (Self-declaration of income).
• Method of implementation: Người đăng ký tự kê khai tổng thu nhập của bản thân (và vợ/chồng nếu có) dưới sự cam kết chịu trách nhiệm trước pháp luật về tính chính xác.
• Certification body: The People's Committee (UBND) at the commune/ward level where the worker is registered as a permanent or temporary resident will verify the residency status and confirm that the individual is not required to pay regular personal income tax.

Note: The People's Committee at the commune level only confirms residency and the fact that the individual is not subject to regular personal income tax, but is not responsible for verifying the specific income declared by the individual. This significantly shortens the processing time for administrative procedures.

The 4-step process for completing a proper income verification application.

Based on my practical experience advising hundreds of clients on applications for social housing in the Tay Ninh area, I have summarized the standard process into the following four steps:

1. Step 1: Download the correct form. Access official portals or obtain application forms from the social housing project developer to get the correct Form No. 04 (for employees working in enterprises) or Form No. 05 (for self-employed workers).
2. Step 2: Fill in all your personal information. Carefully check the information including Citizen ID number, permanent address, and marital status. Any small discrepancies compared to the National Population Database may result in the application being rejected.
3. Step 3: Obtain confirmation from the competent authority. Submit your application to the company's Human Resources Department or to the One-Stop Service Center of the commune/ward People's Committee. The usual processing time is 3 to 5 working days.
4. Step 4: Gather it together with other documents. Along with the income verification certificate, you must also provide documents proving your eligibility, housing (certificate confirming you do not own a house), and your identity card/citizen identification card.

Important notes to help social housing buyers get their applications approved quickly.

Besides preparing the correct documents, applicants should pay attention to the following key points to avoid having their applications rejected:

• Honesty in declaration: The state management agency has tools to cross-check personal income tax data. If you declare an income of less than 15 million VND/month to qualify for social housing, but the tax authorities' data shows you are subject to a higher personal income tax rate, your application will be immediately rejected and you may be added to the list of violations.
• Consider the combined income of the couple: If married, both spouses must complete the income verification procedure. The total net income of both spouses must not exceed 30 million VND per month.
• Choose a project that matches your job position: Prioritize applying to projects near your workplace or residence. For example, workers employed in the Trang Bang industrial zone (Tay Ninh province) should prioritize social housing projects located in their local area for convenience in obtaining residency confirmation and future living arrangements.

According to Batdongsan.com.vn, the real estate market in 2024-2025 shows that the government is boosting the supply of social housing through preferential credit packages and the '1 Million Social Housing Units' project. Understanding the legal regulations and preparing your income verification documents will help you avoid missing the opportunity to own a stable and secure home.