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

Bích Hoa

14:40, 25/02/2020

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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