Regulations on the Management of Fees and Charges according to Circular 224/2016/TT-BTC

18:19, 10/07/2024

In 2016, the Ministry of Finance issued Circular No. 224/2016/TT-BTC stipulating the rates, collection policies, payment, management, and use of the appraisal fees for standards, practice conditions, management activities, asset liquidation; and the fee for issuing practitioner certificates for asset managers.

To be specific:, the management of fees, appraisal fees for standards, occupational practice conditions, asset management and liquidation activities; fees for issuance of management trustee practice certificates are carried out as follows:

- The fee-collecting organization shall remit the entire collected fee amount into the state budget except for the case specified below.- In the case where the fee-collecting organization is a state agency that is allocated operating expenses from fee collection revenue according to Clause 1, Article 4 of Decree 120/2016/ND-CP, it is allowed to retain 90% of the collected fee amount to cover expenses for the expenditure items under Article 5 of Decree 120/2016/ND-CP. The remaining 10% of the collected fee amount must be remitted into the state budget according to the current chapter and sub-item of the State Budget Index.- The fee-collecting organization shall remit 100% of the collected fee amount into the state budget according to the current chapter and sub-item of the State Budget Index.

View the full text of the regulation at Circular 224/2016/TT-BTC, effective from January 01, 2017.

- Thanh Lam -

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