Appraisal fee for establishing a Bailiff's offices in Vietnam: VND 1,000,000

Circular 223/2016/TT-BTC applies to fee payers, fee-collecting organizations involved in the appraisal of standards and conditions for practicing court enforcement officers, appraisal fees for the conditions to establish and operate the Bailiff's offices, and other organizations and individuals related to the collection, payment, management, and use of appraisal fees for standards and conditions for practicing bailiff, and appraisal fees for the conditions to establish and operate the Bailiff's offices in Vietnam.

Specific fee rates are as follows:

No later than the 5th of each month, the fee-collecting organization must transfer the collected fees of the previous month to the temporary fee account for paying into the state budget opened at the State Treasury of Vietnam.

The fee-collecting organizations must transfer all collected fees into the state budget. The expenses covering the implementation of tasks and fee collection shall be arranged from the state budget in the estimates of the fee-collecting organization according to policies and state budget expenditure norms.

In cases where the fee-collecting organization is under the policy of self-financing in accordance with the Government of Vietnam or the Prime Minister of Vietnam regarding the self-management and responsibility mechanism in the use of payroll and administrative management funding for state agencies, it is allowed to retain 90% of the collected fees. The remaining 10% of the collected fees must be paid into the state budget according to the current state budget index.

Circular 223/2016/TT-BTC is effective in Vietnam from January 1, 2017.

Source: Vietnam Financial Times Online

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