Vietnam: Guidance on declaration of license fee when starting production/business or upon establishment

15:23, 25/02/2020

This is a notable content of Decree No. 22/2020/NĐ-CP providing amendments to Decree No. 139/2016/NĐ-CP dated October 04, 2016 of Vietnam’s Government on licensing fees.

khai le phi mon bai mot lan 2020, Nghi dinh 22/2020/NĐ-CP

Specifically, according to Clause 3 Article 1 of Decree No. 22/2020/NĐ-CP of Vietnam’s Government amending Clause 1 Article 5 of Decree No. 139/2016/NĐ-CP guiding the declaration of license fee shall be made once when starting production/business or upon establishment:

- Payers of the license fee that have just started their production/business or established their business facilities and SMEs transformed from household businesses shall make and submit their declarations of license fee to their supervisory tax authorities by January 30 of the year following the year of commencement of production/business or the year of establishment.

- Household businesses, individuals and groups of individuals paying fixed tax must not submit declarations of license fee. Based on received tax declarations and tax database, tax authorities shall determine revenues which are then used as the basis for determining the license fee amounts payable by household businesses, individuals and groups of individuals paying fixed tax.

Regarding the license fee declaration file, the license fee declaration is made according to the form issued with Decree No. 139/2016/NĐ-CP. The license fee payer submits the license fee declaration dossier to the directly managing tax agency, except for the cases specified in Clause 2 Article 5 of Decree No. 139/2016/NĐ-CP.

View relevant provisions at Decree No. 22/2020/NĐ-CP of Vietnam’s Government effective from February 25, 2020.

Thu Ba

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