Assessment Fee for Business Condition Approval in Asset Management and Liquidation is 800,000 VND

19:42, 11/07/2024

The Ministry of Finance has just promulgated Circular 224/2016/TT-BTC stipulating the rates, collection policies, payment, management, and use of fees for the appraisal of standards and conditions for practice, asset management and liquidation activities; and the fees for issuing custodian practice certificates.

The Circular clearly states that individuals applying for a Trustee Practice Certificate must pay fees and charges.

Trustees registering to practice asset management and liquidation in an individual capacity must pay a fee. Enterprises registering to practice asset management and liquidation must pay a fee.

The fee-collecting organization must remit 100% of the collected fees to the state budget according to the program, sub-item of the current State Budget Index. The budget for covering the expenses of performing tasks and collecting fees for issuing Trustee Practice Certificates shall be allocated by the state budget in the estimates of the collecting organization according to state budget expenditure policies and norms.

Circular 224/2016/TT-BTC takes effect from January 1, 2017.

Source: CafeF

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