Exempt licensing fees for households having annual revenues of less than vnd 100 million

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The individuals, groups of individual and households that have their trade/production activities with annual revenues of less than VND 100 million shall be exempted from licensing fees is the important content prescribed at the Decree No. 139/2016/ND-CP dated October 04, 2016 of the Government on licensing fees.

Beside the individuals, groups of individual and households that have their trade/production activities with annual revenues of less than 100 million dong, the individuals, groups of individual and households that have their irregular trade/production activities without fixed location as guided by the Ministry of Finance; the individuals, groups of individual and households that produce salt; the organizations, individuals, groups of individual and households that do the aquaculture, fisheries and fishing logistic services; the commune cultural post offices and press agencies (printed, radio, television and online newspapers); the branches, representative offices and business locations of the cooperatives that have direct technical service activities in service of agriculture; the communal people’s credit fund; cooperatives specialized in service business for agricultural production; branches, representative offices and business locations of cooperatives and private enterprises carrying on their business in the mountainous areas shall be exempted from licensing fees.

Besides, the Decree also prescribes the rate of licensing fees for the organizations having the production and business of goods and services: the organizations with charter capital and investment capital over VND 10 billion: VND 3,000,000 /year; the organizations with charter capital and investment capital of less than VND 10 billion: VND 2,000,000/year; the branches, representative offices, business location, public service providers and other business organizations: VND 1,000,000 /year; The rate of licensing fees for the organizations specified under Point a and b of this Clause is based on the charter capital written in the certificate of business registration or on the investment capital written in the certificate of investment registration in case of no charter capital.

This Decree takes effect on January 01, 2017.