Takes effect on January 01,2017, the Circular No. 302/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding the license fees for the organizations and individuals engaging in business operation from VND 01 – 03 million/year.
Within that the amounts of annual licensing fees for organizations engaging in business as organizations with charter capital and investment capital of greater than VND 10 billion: VND 3,000,000; organizations with charter capital and investment capital of less than or equal to VND 10 billion: VND 2,000,000; branches, representative offices, business premises, public service providers, other business entities: VND 1,000,000.
The amounts of annual licensing fees for individuals, groups of individuals, households engaging in business as individuals, groups of individuals, households with annual revenues of greater than VND 500 million: VND 1,000,000; individuals, groups of individuals, households with annual revenues of greater than VND 300 million to less than and equal to VND 500 million: VND 500,000; individuals, groups of individuals, households with annual revenues of greater than VND 100 million to less than and equal to VND 300 million: VND 300,000.
In particular, the individuals, groups of individuals and households engaging in business with annual revenues of less than or equal to VND 100 million. The annual revenue of less than or equal to VND 100 million used to determine an individual, a group of individuals, or a household eligible for exemption from license fees is the total assessable revenue with regard to personal income tax.
