Legal Counselling

Vietnam: Retention of fees and charges within the jurisdiction of the provincial-level People’s Council

10:47, 25/11/2016

In 2016, the Ministry of Finance of Vietnam issued Circular No. 250/2016/TT-BTC providing guidance on fees and charges within the jurisdiction of the People’s Councils of centrally-affiliated cities and provinces.

According to Circular No. 250/2016/TT-BTC of the Ministry of Finance of Vietnam, the provincial-level People’s Council shall manage and use the collected fees and charges as follows:

- With respect to fees, the provincial-level People’s Council shall decide the percentage of fees retained for fee collecting organizations to pay costs incurred from provision of their fee collection service activities, and decide to pay the residual amount of fees (where available) in the state budget.

- With respect to charges, charge collecting organizations shall remit 100% of their collected amount of charges collected to the state budget.

- Where the provincial-level People's Council has not prescribed a portion of fee retained for fee collecting organizations, the provincial-level People's Committee shall agree with the Standing Committee of the provincial-level People's Council on percentage of fees retained for collecting organizations, and report to the People's Council in the next meeting.

View more details at Circular No. 250/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

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