Vietnam: Licensing fee payers must not pay when temporarily suspending production and business in 2020

Specifically, according to Point c Clause 2 Article 1 of Decree No. 22/2020/NĐ-CP of Vietnam’s Government amending Clause 5 Article 4 of Decree No. 139/2016/NĐ-CP:

“5. An operating payer of the license fee that has notified its supervisory tax authority in writing of its suspension of production/business in a calendar year must not pay the license fee for that year of production/business suspension if it has sent a written notification of production/business suspension to its supervisory tax authority before the prescribed deadline for paying the license fee (January 30 annually) and has made no payment of the license fee for the planned year of suspension.

It must pay the license fee for the whole year if it does not meet the above-mentioned conditions for production/business suspension.”

Fee payers in this regulation referred to the subjects specified in Article 2 of Decree No. 139/2016/NĐ-CP and are not subject to licensing fee exemption specified in Article 3 of Decree No. 139/2016/NĐ-CP (amended and supplemented in Clause 1 Article 1 of Decree No. 22/2020/NĐ-CP).

Thus, from February 25, 2020, an operating payer of the license fee that has notified its supervisory tax authority in writing of its suspension of production/business in a calendar year must not pay the license fee for that year of production/business suspension if it fully satisfies the conditions as prescribed. However, if the conditions are not met, the subjects must pay the license fee for the whole year.

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

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE