Legal Counselling

Vietnam: Licensing fees shall be paid annually by the 30th of January

15:04, 24/10/2020

This is a notable content of the Decree No. 126/2020/NĐ-CP of Vietnam’s Government on elaboration of the Law on Tax Administration.

Chậm nhất là ngày 30/01 hàng năm người nộp thuế phải nộp lệ môn bài, Nghị định 126/2020/NĐ-CP

According to the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, licensing fees shall be paid annually by the 30th of January. For medium and small enterprises converted from household businesses (including their dependent units and business locations), upon expiration of the licensing fee exemption period (3 years from the establishment date):

- If the expiration date is in the first 6 months of the year, the licensing fee shall be paid by the 30th of July of the same year.

- If the expiration date is in the last 6 months of the year, licensing fee shall be paid by the 30th of January of the succeeding year.

Household businesses and individual businesses that shut down and subsequently resume their business operation shall pay licensing fee as follows:

- If the resumption date is in the first 6 months of the year, the licensing fee shall be paid by the 30th of July of the same year.

- If the resumption date is in the last 6 months of the year, licensing fee shall be paid by the 30th of January of the succeeding year.

View more details at the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, effective from December 05, 2020.

Ty Na

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