Notarization of economic contracts the maximum fee shall be VND 70 million/case

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The Circular No. 257/2016/TT-BTC issued by the Ministry of Finance on November 11, 2016 on regulations on notarial and authentication service fees, fees for verification of eligibility for practicing as a notary, fees for verification of eligibility for operating private notary office, charges for processing of applications for notary card, and the collection, transfer, management and use thereof.

Accordingly, the notarial service fee shall be calculated according to the value of contract/ transaction for less than VND 50 million is VND 50 thousand; from VND 50 million to VND 100 million is VND 100 thousand and more than VND 100 billion is VND 32.2 million + 0.02% of the portion of the value of property or the value of contract/transaction in excess of VND 100 billion (the maximum fee shall be VND 70 million/ case).

Fees for notarization of lease of land use right, lease of residential house, lease or sublease of property less than VND 50 million is VND 40 thousand; from VND 50 million to VND 100 million is VND 80 thousand; more than VND 10 billion is VND 05 million + 0.03% of the portion of the value of property or the value of contract/transaction in excess of VND 10 billion (the maximum fee shall be VND 8 million/ case).

What’s more important, the fee for issuance of copies of notarized documents is decreased from VND 200 thousand/copy to not exceed VND 100 thousand/ copy.

This Circular takes effect on January 01, 2017.