Notarial and authentication service fees; fees for verification of eligibility for practicing as a notary in Vietnam

13:44, 25/12/2016

On November 11, 2016, the Minister of Finance of Vietnam issued Circular No. 257/2016/TT-BTC on regulations on notarial and authentication service fees, the fees for verification of eligibility for practicing as a notary, fees for verification of eligibility for operating Private Notary Office, charges for processing of applications for notary card, and the collection, transfer, management and use thereof.

According to Circular No. 257/2016/TT-BTC of the Ministry of Finance of Vietnam, fees for notarization of contracts or transactions of which the value is more than VND 100 billion (except for contracts for lease of land use right, lease of residential house, lease or sublease of property, contracts for buying and selling property at auction) shall be increased, specifically as follows:

- Fees: VND 32.2 million + 0.02% of the portion of the value of property or the value of contract/transaction in excess of VND 100 billion (VND 5.2 million + 0.03% of the portion of the value of property or the value of contract/transaction in excess of VND 10 billion, according to current regulations).

- The maximum fee shall be VND 70 million/case (VND 10 million/case according to current regulations).

Moreover, Circular No. 257/2016/TT-BTC also specifies the fees for notarization of contracts for buying and selling property at auction, which are VND 100.000, 300.000 or 500.000 per case, depending on the value of the assets.

Fees for notarization of lease of land use right, lease of residential house, lease or sublease of property remain unchanged.

Circular No. 257/2016/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2017.

Source: Finance Times

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

11 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn