Vietnam: Fees and charges payable in securities sector according to Circular 37

09:59, 12/05/2020

Recently, the Minister of Finance of Vietnam has issued the Circular No. 37/2020/TT-BTC prescribing fees and charges payable in securities sector.

Mức thu, nộp phí, lệ phí trong lĩnh vực chứng khoán, Thông tư 37/2020/TT-BTC

Circular No. 37/2020/TT-BTC of the Ministry of Finance of Vietnam has specified fees and charges payable in securities sector applied from May 07, 2020 to December 31, 2020 inclusively are specified as follows:

Payers shall pay fees and charges as follows:

- Fees and charges payable within the period from May 07, 2020 to December 31, 2020 shall be equal to 50% of those provided for in the Schedule of fees and charges payable in securities sector enclosed with Circular No. 272/2016/TT-BTC (except 02 types of fees and charges mentioned in Clause 2 of this Article).

During the application of fees and charges prescribed in Clause 1 of this Article, no collection of fees and charges in full (100%) as prescribed in the Schedule of fees and charges enclosed with Circular No. 272/2016/TT-BTC shall be made.

- Fees for processing of applications for issuance, modification or re-issuance of practicing certificates to individuals working at securities companies, securities investment fund management companies, and securities investment companies, and fees for supervision of securities activities shall be paid according to the Schedule of fees and charges enclosed with Circular No. 272/2016/TT-BTC.

- From January 01, 2021 onwards, fees and charges in the securities sector shall be paid according to the Schedule of fees and charges enclosed with Circular No. 272/2016/TT-BTC.

View more details at the Circular No. 37/2020/TT-BTC of the Ministry of Finance of Vietnam, issued on May 07, 2020.

Thuy Tram

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