Summary of fees and charges reduced by 50% from July 1, 2024

Summary of fees and charges subject to 50% reduction in Vietnam as of July 1, 2024 (Internet image)

On June 28, 2024, the Minister of Finance issued Circular 43/2024/TT-BTC on the collection levels of some fees and charges to continue alleviating difficulties and supporting business activities in Vietnam.

Summary of fees and charges subject to 50% reduction in Vietnam as of July 1, 2024

The following fees and charges will be subject to 50% reduction in Vietnam as of July 1, 2024, to the end of December 31, 2024:

• Licensing fees for the establishment and operation of banks
• Licensing fees for the establishment and operation of non-bank credit institutions
• Appraisal fees for business goods and services with restricted businesses and conditional businesses in commerce for entities that are organizations, enterprises, and individuals (including areas under central municipalities and cities, provincial towns, and areas under central municipalities and cities, provincial towns)
• Fees for the issuance of establishment licenses for commodity exchanges (including areas under central municipalities and areas under cities, provincial towns, and other regions)
• Fees for the issuance of protection titles, registration certificates for transferring industrial property rights
• Fees for filing applications for the protection of intellectual property rights
• Fees for issuing practicing certificates and registering, publishing representatives of industrial property ownership
• Appraisal fees for non-commercial materials for publishing permits
• Import licensing fees for non-commercial publications
• Registration fees for importing publications for business
• Fees for registering (confirming) the use of foreign barcodes
• Inland waterway reporting fees
• Appraisal fees for fire prevention and fighting designs
• Licensing fees for labor export activities
• Verification fees for documents required by domestic organizations or individuals
• Industrial property fees
• Railway infrastructure usage fees
• Appraisal fees for licensing international travel services, domestic travel services
• Appraisal fees for issuing tour guide cards
• Citizen ID card issuance fees
• Fees for resolving independent requests of related parties
• Appraisal fees for dossiers of exemption in competition cases
• Animal quarantine certification fees for terrestrial animal products, imported, transited, re-imported, transshipped aquatic products
• Fees for issuing veterinary practice certificates
• Fees for animal quarantine (clinical examination of poultry)
• Accreditation fees for fire prevention and fighting equipment
• Fees in animal husbandry
• Fees and charges in the securities sector, except for the 2 following fees and charges:
  • Fees for issuing new, replacing, or reissuing certificates for securities practitioners in securities companies, fund management companies, and investment companies
  • Fees for supervising securities activities
• Fees for issuing certificates of technical and environmental safety inspection for motor vehicles, specialized machines
• Fees for issuing competency certificates for construction activities for organizations and practicing certificates for individuals
• Appraisal fees for technical design (fees for appraising post-basic construction design), appraising construction estimates
• Appraisal fees for construction investment projects

Note:

• Regarding the radio frequency usage fees specified in Serial No. 28 in the Table mentioned above: If individuals and organizations have paid fees according to the rates specified in Circular 265/2016/TT-BTC and Circular 11/2022/TT-BTC for the period this Circular is in effect, they will be credited with the fee difference between the fee rates stipulated in Circular 265/2016/TT-BTC and Circular 11/2022/TT-BTC compared to those in Circular 43/2024/TT-BTC against the fees due for the next billing cycle. The fee-collecting organization is responsible for applying this credit in the next billing cycle.
• The Circulars referenced in the Table mentioned above are referred to as the original Circulars. If the original Circulars are revised, supplemented, or replaced, the collection rates for the fees and charges specified in the Table mentioned above will be calculated by multiplying the corresponding proportional collection rates specified in the new revised, supplemented, or replacement documents.
• For services specified in Serial Nos. 14, 16, 24, 31 in the Table mentioned above: When using online public services, the collection rates will be applied as specified in Circular 43/2024/TT-BTC, not according to the collection rates specified in Circular 63/2023/TT-BTC, which modifies and supplements certain provisions of various Circulars of the Minister of Finance to encourage the use of online public services.

From January 1, 2025, onwards, the collection rates for fees and charges specified in the Table mentioned above will be implemented according to the original Circulars' regulations, Circular 63/2023/TT-BTC, and any amended, supplemented, or replaced Circulars (if any).

In addition to the fee and charge collection rates specified in the Table mentioned above, other related contents such as: Scope of regulation, entities subject to application; fee and charge collection organizations; fee and charge payers; cases of exemption and non-payment of fees and charges; declaration and submission of fees and charges; collection rates for fees and charges; management and use of fees; fee receipts, publicizing the fee and charge collection mode not specified in Circular 43/2024/TT-BTC will be implemented according to the original Circulars' regulations; amended, supplemented, or replaced Circulars (if any), and other relevant legal documents.

Circular 43/2024/TT-BTC is effective from July 1, 2024, to the end of December 31, 2024.

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