When is the auspicious time to welcome the 2025 Tet holiday of Vietnam? Are new enterprises exempt from licensing fees in Vietnam?

When is the auspicious time to welcome the 2025 Tet holiday of Vietnam?

The 2025 Tet holiday is not only an occasion for families to reunite but also a time for us to set aside the worries and exhaustion of the past year and look towards the future with new dreams and aspirations. It is a time for people to exchange good wishes, gather around the family meal, and offer prayers for a prosperous and peaceful new year.

Therefore, selecting an auspicious time to start new activities in the new year is significant, especially for those who believe in feng shui and folk cultural beliefs. In reality, the auspicious day for welcoming the New Year 2025 (business kickoff) is often chosen based on feng shui, age, and the personal factors of the homeowner, so it may vary between individuals. If you are unsure of which day you should open the year 2025, refer to the auspicious days suggested below:

Note: Information is for reference only!

When is the auspicious time to welcome the 2025 Tet holiday of Vietnam? (Image from Internet)

Are new enterprises exempt from licensing fees in Vietnam?

Based on Article 3 of Decree 139/2016/ND-CP as supplemented by point c, clause 1, Article 1 of Decree 22/2020/ND-CP regulates exemptions for licensing fees as follows:

Exemption from licensing fees

The cases exempted from licensing fees include:

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8. Exemption from licensing fees in the first year of establishment or production and business activities (from January 1 to December 31) for:

*a) Newly established organizations (granted new tax codes, new enterprise codes).

b) Households, individuals, and groups of individuals entering into production and business activities for the first time.

c) During the exemption period, organizations, households, individuals, and groups of individuals establishing branches, representative offices, or business locations are exempt from licensing fees for the period they are exempt from licensing fees.

9. Small and medium enterprises transitioning from household businesses (as prescribed in Article 16 of the Law on Support for Small and Medium Enterprises) are exempt from licensing fees for a period of 3 years from the date they are first granted an enterprise registration certificate.

a) During the exemption period, small and medium enterprises establishing branches, representative offices, or business locations are exempt from licensing fees for the period small and medium enterprises are exempt from licensing fees.

Additionally, clause 9 of Article 18 of Decree 126/2020/ND-CP stipulates the time limit for submitting licensing fee declarations as follows:

Tax payment deadline for revenues belonging to the state budget from land, water resources exploitation rights, mineral resources, sea area usage fees, registration fees, and licensing fees

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9. licensing fees:

a) The deadline for paying licensing fees is no later than January 30 annually.

b) For small and medium enterprises transitioning from household businesses (including dependent units and business locations of the enterprise) at the end of the fee exemption period (the fourth year from the establishment year of the enterprise), the deadline for licensing fees is as follows:

b.1) If the exemption period ends within the first 6 months of the year, the deadline for paying licensing fees is no later than July 30 of the year the exemption period ends.

b.2) If the exemption period ends within the last 6 months of the year, the deadline for paying licensing fees is no later than January 30 of the following year after the exemption period ends.

c) Household businesses and individual businesses that have ceased production and business operations then resume activities have the following deadlines for licensing fees:

c.1) If resuming activities within the first 6 months of the year: No later than July 30 of the year of resuming activities.

c.2) If resuming activities within the last 6 months of the year: No later than January 30 of the following year after resuming activities.

Thus, newly established businesses will be exempt from paying licensing fees in the first year from the start of production and business activities (from January 1 to December 31).

After the exemption period expires, the annual deadline for licensing fee payment is no later than January 30.

Shall enterprises pay licensing fees during suspension of business in Vietnam?

Based on clause 3 of Article 4 of Circular 302/2016/TT-BTC, as amended by clause 4 of Article 1 of Circular 65/2020/TT-BTC, the rate for licensing fees is regulated as follows:

Rate of licensing fees

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3. Organizations, branches, representative offices, or business locations (not eligible for licensing fee exemption in the first year of establishment or production and business activities) established, issued taxpayer registration and tax codes, or enterprise codes within the first 6 months of the year shall pay the full annual licensing fee; if established within the last 6 months of the year, they shall pay 50% of the full annual licensing fee.

Small and medium enterprises transitioning from household businesses (including branches, representative offices, or business locations) after the exemption period: If it concludes in the first 6 months of the year, the full annual licensing fee is applicable; if it concludes in the last 6 months, 50% of the full annual licensing fee is payable.

Taxpayers in operation who submit documents to the managing tax authority or business registration authority on the suspension of production and business operations within the calendar year (from January 1 to December 31) shall not pay the licensing fee for the year of business suspension provided: the request for the suspension of production and business operations is submitted to the tax authority or business registration authority before the deadline for fee payment (January 30 annually) and the licensing fee has not been paid for the requested year of operation suspension. For cases of business suspension that do not meet the above conditions, the full annual licensing fee shall be payable.

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Therefore, businesses temporarily ceasing business operations, if they submit documents to the managing tax authority or business registration authority on the suspension of production and business operations within the calendar year, are not required to pay the licensing fee for the year of business suspension if they meet the following conditions:

- The request for the suspension of production and business operations must be submitted to the tax authority or business registration authority before the deadline for fee payment as per regulations (January 30 annually).

- The licensing fee for the year has not been paid for the requested suspension period.

Note: In cases where the conditions for temporary cessation of business operations are not met, the full annual licensing fee will be payable.