Vietnam: Elementary, middle, high schools and preschools shall be exempted from licensing fees from February 25, 2020

Vietnam: Elementary, middle, high schools and preschools shall be exempted from licensing fees from February 25, 2020
Bich Hoa

This is one of the cases of exemption from licensing fees recently supplemented in Decree No. 22/2020/NĐ-CP dated February 24, 2020 of Vietnam’s Government providing amendments to Decree No. 139/2016/NĐ-CP dated October 04, 2016 of Vietnam’s Government on licensing fees.

Specifically, from February 25, 2020, public general education schools and public pre-schools shall be exempted from licensing fees (instead of having to pay VND 1,000,000/year as formerly prescribed).

Moreover, Decree No. 22/2020/NĐ-CP of Vietnam’s Government also supplements cases of exemption from licensing fees as follows:

- Exemption of license fees for the first year from the date of establishment or official commencement of production/business (from January 01 to December 31) shall be granted to new organizations, household businesses, individuals or groups of individuals engaging in production/business;

- Small- and medium-sized enterprises (SMEs) transformed from household businesses shall be exempted from the license fee within 03 years from the date of issuance of initial enterprise registration certificate.

View details at: Decree No. 22/2020/NĐ-CP of Vietnam’s Government takes effect from February 25, 2020.

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