Regulations on the Management of Fees and Charges for Issuing Fishing Licenses

12:24, 11/07/2024

Circular 118/2018/TT-BTC has been issued by the Ministry of Finance stipulating the rates, collection policies, remittance, management, and use of fees for the appraisal and confirmation of the origin of aquatic materials; and the licensing fees for fishing and aquaculture activities.

The fee-collecting organizations must comply with regulations on the management of fees and charges according to Circular 118. To be specific:

1. For fee-collecting organizations:

- Fish port management organizations as public service providers: Deduct 90% of the assessment fee for confirming the origin of seafood materials for expenditures stipulated in Article 5 of Decree 120/2016/ND-CP; remit 10% of the collected fees to the state budget.- Fish port management organizations as enterprises: The collected fees are the revenue of the fish port management organization, retaining 100% of the collected fees to cover the fee collection costs and must declare and pay value-added tax (VAT) and corporate income tax.

2. For charge-collecting organizations:

- Remit 100% of the collected charges to the state budget according to the corresponding programs and sub-items of the current budget index.

More details can be found in Circular 118/2018/TT-BTC, effective from January 15, 2018.

- Thanh Lam -

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