Vietnam: Fee for attestation of contract or transaction is VND 50,000/contract or transaction

16:12, 28/11/2016

Recently, the Ministry of Finance of Vietnam issued Circular No. 226/2016/TT-BTC on the rate, collection, submission, administration and use of the certification and attestation fees.

According to Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam, the certification and attestation fees are specified as follows:

No.	Description	Rate
1	Fee for certification of a copy of an original	VND 2,000/ page. VND 1,000/ page beyond two pages; however, the charge per copy shall not exceed VND 200,000. The pages charged shall be those of the original document.
2	Fee for certification of signature	VND 10,000/ request. A request includes one or several signatures on one paper or document.
3	Fee for attestation of contract or transaction:
a	Fee for attestation of contract or transaction	VND 50,000/ contract or transaction
b	Attestation of amendment, supplement or cancellation of a contract or transaction	VND 30,000/ contract or transaction
c	Correction of errors in an attested contract or transaction	VND 25,000/ contract or transaction

According to Circular No. 226/2016/TT-BTC, individuals and households taking out loans from credit institutions for agricultural and rural development according to Decree No. 55/2015/ND-CP dated June 09, 2015 of Vietnam’s Government on the policy on credit for agricultural and rural development shall not incur the fee for attestation of mortgage contracts.

On no later than the fifth of each month, the fee collectors shall deposit the fee amount collected in the previous month into the budgetary contribution account at the State Treasury.

The collectors shall submit the entire fee amount collected to the state budget. The expenditure for service provision and fee collection shall be sourced from the state budget apportioned in the fee collection agencies’ financial estimate pursuant to the regime and norm of state budget spending.

If the operating expenditure of a collector is sourced from the fees collected according to the mechanism of autonomy and responsibility for the use of personnel and administrative management funds for state agencies stipulated by the Government or the Prime Minister, it shall be allowed to retain 50% of the fee amount collected to cover for the spending defined in Clause 2 Article 5 of Decree No. 120/2016/ND-CP dated August 23, 2016 of Vietnam’s Government.

The remaining 50% of the fee amount collected shall be submitted into the state budget by chapter and subsection of the current state budget index.

Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2017 and replaces Joint Circular No. 158/2015/TTLT-BTC-BTP dated October 12, 2015 by the Minister of Finance and Minister of Justice.

Source: Thoi bao Tai chinh Viet Nam Online

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