On November 11, 2016, the Government issued the Decree No. 149/2016/ND-CP amending, supplementing a number of articles of the Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding a number of articles of the Law on Price.
This Decree prescribes 16 types of goods and services subject to price declaration (compared with 13 types as in previous regulations). Beside goods and services subject to price declaration in previous regulations such as services at sea ports; cement and constructional steel; coal; animal feed for cattle, poultry and aquatic animals; antidotal, antiseptic, disinfectant drug, treatment for cattle, poultry and aquatic animals; aviation services at airport; textbooks; aviation services on the domestic routes in the list of regulation on price bracket; freight of passenger transportation on fixed routes by road; freight of passenger transportation by taxi; functional food for children below 06 years of age …the Decree also add three more goods and services such as freight of passenger transportation by railway with hard seat type and soft seat type; ethanol; liquefied natural gas, compressed natural gas (CNG); service of monitoring railway transportation. Also in accordance with this Decree, organizations and individuals producing and trading goods and services subject to price declaration shall implement price declaration by sending the announcement of declared price to the competent State agency before evaluation and price adjustment. Where organizations and individuals producing and trading goods and services subject to price declaration of reduction, price reduction should be done promptly and send the price declaration form to notify the deduction rate to competent agencies. Within that, where the producing and trading organizations, individuals only sell by wholesale, they shall declare the wholesale price; where the producing and trading organizations and individuals sell by both wholesale and retail, they shall declare both wholesale price and detail price; where the producing and trading organizations and individuals are importing units and exclusive distributors, they shall declare the estimated wholesale price and detail price…
This Decree takes effect on January 01, 2017.
Get in touch with us