Vietnam: New certification and attestation fees will apply from January 01, 2017

16:09, 20/12/2016

Recently, the Ministry of Finance of Vietnam issued Circular No. 226/2016/TT-BTC on the rate, collection, submission, administration and use of the certification and attestation fees, which takes effect from January 01, 2017.

Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam stipulates the rate, collection, submission, administration and use of the fees for certification and attestation in Vietnam. This Circular applies to the payers and collectors of certification and attestation fees and to the organizations and individuals concerning the collection, submission, administration and use of certification and attestation fees.

Circular No. 226/2016/TT-BTC specifies that organizations and individuals shall incur the certification or attestation fees as defined below upon requesting a People's Committee of a commune, ward or town or a Judicial Office of a People's Committee of a district, town or provincial city to certify copies and signatures or to attest contracts and transactions.

No.	Description	Rate
1	Fee for certification of a copy of an original	VND 2,000/ page. VND 1,000/ page beyond two pages; however, the charge per copy shall not exceed VND 200,000. The pages charged shall be those of the original document.
2	Fee for certification of signature	VND 10,000/ request. A request includes one or several signatures on one paper or document.
3	Fee for attestation of contract or transaction:
a	Fee for attestation of contract or transaction	VND 50,000/ contract or transaction
b	Attestation of amendment, supplement or cancellation of a contract or transaction	VND 30,000/ contract or transaction
c	Correction of errors in an attested contract or transaction	VND 25,000/ contract or transaction

Also according to Circular No. 226/2016/TT-BTC, individuals and households taking out loans from credit institutions for agricultural and rural development according to Decree No. 55/2015/ND-CP dated June 09, 2015 of Vietnam’s Government on the policy on credit for agricultural and rural development shall not incur the fee for attestation of mortgage contracts.

Moreover, Circular No. 226/2016/TT-BTC stipulates that on no later than the fifth of each month, the fee collectors shall deposit the fee amount collected in the previous month into the budgetary contribution account at the State Treasury.

The collectors shall submit the entire fee amount collected to the state budget etc. The expenditure for service provision and fee collection shall be sourced from the state budget apportioned in the fee collection agencies’ financial estimate pursuant to the regime and norm of state budget spending.

Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2017 and replaces Joint Circular No. 158/2015/TTLT-BTC-BTP dated October 12, 2015 by the Minister of Finance and Minister of Justice on the rate, collection, submission and administration of the fees for certification of copies and signatures and for attestation of contracts and transactions.

Source: Thoi bao Tai chinh Viet Nam Online

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