Vietnam’s regulations on collection, submission and administration of the certification and attestation fees

16:15, 15/12/2016

On November 11, 2016, the Minister 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.

According to Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam, fees for attestation of contract or transaction are as follows:

- Fee for attestation of contract or transaction: VND 50,000/contract or transaction (increased by VND 20,000).

- Attestation of amendment, supplement or cancellation of a contract or transaction: VND 30,000/contract or transaction (increased by VND 10,000).

- Correction of errors in an attested contract or transaction: VND 25,000/contract or transaction (increased by VND 15,000).

The rate of fee for certification of a copy of an original and fee for certification of signature remains unchanged compared with current regulations (only differs in name, currently referred to as a charge).

The collectors shall submit the entire fee amount collected to the state budget.

If the operating expenditure of a collector is sourced from the fees collected, it shall be allowed to retain 50% of the fee amount collected to cover for the spending defined in Article 5 of Decree No. 120/2016/ND-CP of Vietnam’s Government.

Circular No. 226/2016/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2017.

Source: Finance Magazine

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

9 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn