Contribution Rates to the Vietnam Public Telecommunication Service Fund

12:45, 11/07/2024

The Ministry of Finance issues Circular 57/2016/TT-BTC providing guidance on policies for collection, accounting of contributions to the Vietnam Public Utility Telecommunication Service Fund, and the transfer of assets formed from the Fund's budget until 2020.

The enterprises (DN) shall contribute 1.5% of their revenue to the Vietnam Public Utility Telecommunications Service Fund when providing the following services:

- Services specified in Article 9 of Decree 25/2011/ND-CP and have network infrastructure.

- Incoming international phone services without a telecommunications network establishment license.

The contribution to the Fund from telecommunications service revenue will follow the guidance of Circular 21/2013/TT-BTTTT. For prepaid telecommunications services, telecommunications card revenue is used to determine the contribution level to the Fund.

Additionally, the following amounts are not counted towards revenue for determining the financial contribution level of the enterprises:

- Revenue from the financial support of the Vietnam Public Utility Telecommunications Service Fund;

- Revenue from subjects that apply public telecommunications service tariffs;

- Revenue from other public utility services.

Circular 57/2016/TT-BTC takes effect from May 15, 2016.

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