Legal Counselling

Vietnam: Guidance on declaration and transfer of charges and/or fees for industrial property

13:20, 19/11/2016

In 2016, the Ministry of Finance of Vietnam issued Circular No. 263/2016/TT-BTC on fees and charges for industrial property and the collection, transfer, management and use thereof.

According to Circular No. 263/2016/TT-BTC of the Ministry of Finance of Vietnam, declaration and transfer of charges and/or fees for industrial property are guided as follows:

- Not later than the Monday of every week, the fee collector shall transfer the collected fees of the previous week to the account for fees to be transferred to the state budget which is opened at the State Treasury.

- Charge and/or fee collector shall make monthly declaration of charges and/or fees and strike a balance of the collected charges and/or fees annually according to clause 3 Article 19 and transfer charges and/or fees to the State budget according to Clause 2 Article 26 of the Circular No. 156/2013/TT-BTC guiding the implementation of a number of articles of the Law on Tax administration; Law on amendments to a number of the Law on Tax administration and Decree No. 83/2013/ND-CP of Vietnam’s Government.

Also according to Circular No. 263/2016/TT-BTC, the National Office of Intellectual Property providing protection of industrial property rights shall be in charge of collecting charges and/or fees of industrial property.

View full text at Circular No. 263/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

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