What is the deadline for payment of license fees in 2024 in Vietnam?
What is the deadline for payment of license fees in 2024 in Vietnam?
Based on Clause 9, Article 18 of Decree 126/2020/ND-CP stipulating the deadline for tax payment regarding revenues belonging to the state budget from land, water resource exploitation rights, mineral resources, sea area usage, registration fees, and license fees:
Article 18. Tax payment deadlines for revenues belonging to the state budget from land, water resource exploitation rights, mineral resources, sea area usage, registration fees, and license fees
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- license fees:
a) The deadline for paying license fees is no later than January 30 each year.
b) For small and medium enterprises converting from household businesses (including dependent units, business locations of the enterprise) at the end of the license fee exemption period (the fourth year from the year of establishment), the deadline for paying license fees is as follows:
b.1) In case the exemption ends in the first 6 months of the year, the deadline for paying license fees is no later than July 30 of the exemption-ending year.
b.2) In case the exemption ends in the last 6 months of the year, the deadline for paying license fees is no later than January 30 of the year following the exemption-ending year.
c) Household businesses, individuals who have ceased production and business activities, then resume, the deadline for paying license fees is as follows:
c.1) If resuming in the first 6 months of the year: No later than July 30 of the resumption year.
c.2) If resuming in the last 6 months of the year: No later than January 30 of the year following the resumption year.
Therefore, the deadline for submitting the license fee for 2024 is no later than January 30, 2025.
- For small and medium enterprises converting from household businesses at the end of the license fee exemption period, the deadline for paying the fee is as follows:
+ If the exemption ends in the first 6 months of the year, the deadline is no later than July 30 of the exemption-ending year.
+ If the exemption ends in the last 6 months of the year, the deadline is no later than January 30 of the year following the exemption-ending year.
- Household businesses, individual businesses that have ceased production and business activities and then resume, the deadline for paying license fees is as follows:
+ If resuming in the first 6 months of the year: No later than July 30 of the resumption year.
+ If resuming in the last 6 months of the year: No later than January 30 of the year following the resumption year.
What is the deadline for submitting the license fee for 2024? (Image from the Internet)
What are the cases exempt from license fees in Vietnam?
Based on Article 3 of Decree 139/2016/ND-CP (supplemented by Point c, Clause 1, Article 1 of Decree 22/2020/ND-CP) stipulating the cases exempt from license fees:
- Individuals, groups of individuals, households engaged in production, business with annual revenue of 100 million VND or less.
- Individuals, groups of individuals, households engaged in irregular production, business activities; no fixed location as guided by the Ministry of Finance.
- Individuals, groups of individuals, households engaged in salt production.
- Organizations, individuals, groups of individuals, households engaged in aquaculture, fisheries exploitation, and fishery logistical services.
- Cultural post offices; press agencies (print, radio, television, electronic).
- Branches, representative offices, business locations of cooperatives engaged in technical services directly serving agricultural production.
- People's credit funds; cooperatives specializing in services for agricultural production; branches, representative offices, business locations of cooperatives and private enterprises in mountainous areas.
- Exempt from license fees in the first year of establishment or commencing production and business activities (from January 01 to December 31) for:
+ Newly established organizations (with new tax code, business identification number).
+ Households, individuals, groups of individuals starting production, business for the first time.
+ During the period of license fee exemption, if organizations, households, individuals, groups of individuals establish branches, representative offices, business locations, these will be exempt from license fees for the exemption period.
- Small and medium-sized enterprises converted from household businesses are exempt from license fees for 3 years from the date of first business registration certificate issuance.
- Public primary and preschool educational institutions.
What is the amount of the license fee for households engaged in goods trading with an annual revenue over 300 million VND in Vietnam?
Based on Article 4 of Decree 139/2016/ND-CP (amended by Clause 2, Article 1 of Decree 22/2020/ND-CP) stipulating the license fee rates:
Article 4. license fee rates
- The license fee rates for organizations engaged in production, business of goods and services are as follows:
a) Organizations with chartered capital or investment capital over 10 billion VND: 3,000,000 VND/year;
b) Organizations with chartered capital or investment capital of 10 billion VND or less: 2,000,000 VND/year;
c) Branches, representative offices, business locations, public service providers, other economic organizations: 1,000,000 VND/year.
The license fee rate for organizations stated in points a and b is based on the chartered capital recorded in the business registration certificate; if there is no chartered capital, it is based on the investment capital recorded in the investment registration certificate.
- The license fee rates for individuals, households engaged in production, business of goods and services are as follows:
a) Individuals, groups of individuals, households with annual revenue over 500 million VND: 1,000,000 VND/year;
b) Individuals, groups of individuals, households with annual revenue from 300 to 500 million VND: 500,000 VND/year;
c) Individuals, groups of individuals, households with annual revenue from 100 to 300 million VND: 300,000 VND/year.
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According to the above regulation, the license fee rate for households trading goods with revenue over 300 million VND/year is as follows:
- For revenue from 300 to 500 million VND/year: 500,000 VND/year
- For revenue over 500 million VND/year: 1,000,000 VND/year
