What is the licensing fee rate for enterprises trading goods in Vietnam?

What is the licensing fee rate for enterprises trading goods in Vietnam?

Based on Clause 1, Article 4 of Decree 139/2016/ND-CP, there are specific regulations on the rate of licensing fees as follows:

Rate of licensing fees

1. The rate of licensing fees for organizations engaged in production and business of goods and services is as follows:

a) Organizations with charter capital or investment capital over 10 billion VND: 3,000,000 VND/year;

b) Organizations with charter capital or investment capital up to or equal to 10 billion VND: 2,000,000 VND/year;

c) Branches, representative offices, business locations, public service providers, other economic organizations: 1,000,000 VND/year.

licensing fees for organizations specified at points a and b of this clause are based on the charter capital stated in the business registration certificate; if there is no charter capital, it is based on the investment capital stated in the investment registration certificate.

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According to the above regulation, the licensing fee rate for enterprises trading goods is:

- Enterprises with charter capital or investment capital over 10 billion VND: 3,000,000 VND/year.

- Enterprises with charter capital or investment capital up to 10 billion VND: 2,000,000 VND/year.

- Small and medium enterprises converted from business households according to Clause 3, Article 4 Decree 139/2016/ND-CP, amended by Article 1 Decree 22/2020/ND-CP:

+ After the exemption period ends (the fourth year from the establishment), the licensing fee rate depends on the end date of the exemption:

++ If ending in the first 6 months of the year: Pay the full annual licensing fee.

++ If ending in the last 6 months of the year: Pay 50% of the annual licensing fee.

Note: The basis for determining the current licensing fee rate is:

- Based on the charter capital recorded in the business registration certificate.

+ If there is no charter capital, based on the investment capital recorded in the investment registration certificate.

+ If the charter capital or investment capital changes, the licensing fee is determined according to the charter capital or investment capital of the year immediately preceding the fee calculation year.

+ In case of capital in foreign currency:

++ Charter capital or investment capital recorded in foreign currency is converted to Vietnamese dong.

++ The conversion is carried out according to the buying rate of the commercial bank or credit institution where the fee payer opens an account at the time of payment to the state budget.

What is the licensing fee rate for enterprises trading goods in Vietnam? (Image from the Internet)

When is the deadline to pay the licensing fee in Vietnam for 2024?

According to Clause 9, Article 18 of Decree 126/2020/ND-CP, the deadline to pay the licensing fee for 2024 is as follows:

The deadline for paying the 2024 licensing fee is no later than January 30, 2025

Taxpayers need to determine which category they belong to in order to accurately determine the tax payment deadline. Specifically:

- For small and medium enterprises converted from business households (including dependent units, business locations of enterprises) when the exemption period ends (the fourth year from the establishment of the enterprise), the deadline for license fee payment is as follows:

+ If the exemption period ends in the first 6 months of the year, the payment deadline is no later than July 30 of the exemption expiration year.

+ If the exemption period ends in the last 6 months of the year, the payment deadline is no later than January 30 of the year immediately following the exemption expiration year.

- For business households and individual businesses that have stopped production and business and then resumed, the deadline for licensing fee payment is as follows:

+ If resuming operations in the first 6 months of the year: No later than July 30 of the resumption year.

+ If resuming operations in the last 6 months of the year: No later than January 30 of the year immediately following the resumption year.

What are the licensing fee rates for 2024 in Vietnam?

According to Clauses 1 and 2, Article 4 of Decree 139/2016/ND-CP, supplemented by Point a, Clause 2, Article 1 of Decree 22/2020/ND-CP, specific regulations on the rate of licensing fees are as follows:

Rate of licensing fees

1. The rate of licensing fees for organizations engaged in production and business of goods and services is as follows:

a) Organizations with charter capital or investment capital over 10 billion VND: 3,000,000 VND/year;

b) Organizations with charter capital or investment capital up to or equal to 10 billion VND: 2,000,000 VND/year;

c) Branches, representative offices, business locations, public service providers, other economic organizations: 1,000,000 VND/year.

licensing fees for organizations specified at points a and b of this clause are based on the charter capital stated in the business registration certificate; if there is no charter capital, it is based on the investment capital stated in the investment registration certificate.

2. The rate of licensing fees for individuals, households engaged in production and business of goods and services is as follows:

a) Individuals, groups of individuals, households with revenue over 500 million VND/year: 1,000,000 VND/year;

b) Individuals, groups of individuals, households with revenue from over 300 to 500 million VND/year: 500,000 VND/year;

c) Individuals, groups of individuals, households with revenue from over 100 to 300 million VND/year: 300,000 VND/year.

d) Revenue as the basis for determining the rate of licensing fees for individuals, groups of individuals, households is guided by the Ministry of Finance.”

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Thus, through the above regulation, the licensing fee rates for 2024 are divided into 3 specific rates as follows.

For individuals, households engaged in production and business of goods and services

For organizations engaged in production and business of goods and services