How much is the registration fee for the use of the secured transaction database?
How much is the registration fee for using the secured transaction database? Is borrowing from a credit institution in the agricultural development loan sector exempt from fees in the secured transaction sector?
Dear Editorial Board,I am currently interested in registering to use the secured transaction database to monitor transactions, so how much is the registration fee? If I borrow from a credit institution in the agricultural development loan sector, will I be exempt from the registration fee?Please provide clarification.Thank you.How much is the registration fee for using the secured transaction database?
Based on Clause 3, Article 4 of Circular 202/2016/TT-BTC, the fee rates are stipulated as follows:
| 3 | Fee for issuing usage code for the secured transaction database | |
| a | For registering the usage of the secured transaction database before July 1 annually | 300,000 VND/customer/year |
| b | For registering the usage of the secured transaction database from July 1 annually | 150,000 VND/customer/year |
Accordingly, when registering to use the secured transaction database, a fee of either 300,000 VND/customer/year or 150,000 VND/customer/year will apply, depending on the time of registration as mentioned above.
Exemption from fees in the secured transaction sector for loans at credit institutions in the agricultural development loan sector
According to Article 5 of Circular 202/2016/TT-BTC, exemptions are stipulated as follows:
The following cases are exempt from fees:
1. Individuals or households borrowing capital at credit institutions in one of the sectors serving the development of agriculture and rural areas as stipulated in Article 4 and Article 9 of Decree No. 55/2015/ND-CP dated June 09, 2015, of the Government of Vietnam on credit policies serving the development of agriculture and rural areas.
Requests for correcting errors in the content of the secured transaction registration or contract due to mistakes by the registration officer.
Notifications of asset sequestration for judgment enforcement, requests for changes in the content of previously notified asset sequestration, and deletions of sequestration notifications by the Enforcement Officer as per the law on judgment enforcement.
Changes in the information of the organization or individual after being issued the usage code for the secured transaction database.
Enforcement officers requesting information on sequestered assets.
Investigators, Prosecutors, and Judges requesting information to serve judicial activities.
Thus, in your case, as an individual borrowing from a credit institution in the agricultural development loan sector, you are exempt from fees in the secured transaction sector and will therefore be exempt from the registration fee mentioned above.
Sincerely!
