Vietnam: Time limit for fee declaration and submission in secured transactions

10:47, 13/11/2016

On November 09, 2016, the Ministry of Finance of Vietnam issued Circular No. 202/2016/TT-BTC on the rate, collection, submission, administration and use of the fees on secured transactions.

Fee declaration and submission in secured transactions are specified in Circular No. 202/2016/TT-BTC of the Ministry of Finance of Vietnam as follows:

- Payers shall pay the fees upon filing the applications to the competent government authorities providing services defined in the fee schedule in this Circular.

- On no later than the fifth of each month, the fee collector shall deposit the fee amount collected in the previous month into the budgetary contribution account at the State Treasury.

- The fee collector shall declare and finalize the fee amount collected on monthly and annual basis, respectively, according to the guidelines in Section 3, Article 19 and Section 2, Article 26 of Circular No. 156/2013/TT-BTC on guidelines for the implementation of certain articles of the Law of tax administration; the Law on amendments to certain articles of the Law of tax administration and Decree No. 83/2013/ND-CP.

View fee amounts at Circular No. 202/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

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