Decree sets out business fee structure

16:11 | 17/10/2016 Economy

Organisations dealing in production and business activities, with a charter or investment capital of more than 10 billion VND (444,440 USD), must pay a business fee of 3 million VND per year.

Decree sets out business fee structure

Firms pay business fees at Hai Duong northern province's tax branch early this year - (Photo: tongcucthue)

This is stipulated by Decree No 139/2016/ND-CP which was issued on October 4 will take effect on January 1 next year.

The decree requires organisations with a charter or investment capital of less than 10 billion VND to pay a fee of 2 million VND per year.

For branches and representative offices of the organisations, or non-productive units, the annual fee is 1 million VND.

The decree states that inpiduals and households involved in production and business activities generating annual revenues of more than 500 million VND must pay a fee of 1 million VND per year.

Inpiduals and households with annual revenues of 300 million VND to 500 million VND, are subject to a fee of 500,000 VND per year.

Those with annual revenues of 100 million VND to 300 million VND will pay 300,000 VND per year.

All fees will be cut in half if the organisations, inpiduals and households are granted tax or business registration codes during the second half of the year.

The decree stipulates that inpiduals and households with annual revenues of 100 million VND or less will not be charged any fees.

Inpiduals and households engaging in irregular production and business activities, or those producing salt, will also be exempt from paying fees.

Other groups exempt from paying fees include: organisations, inpiduals and households cultivating and catching seafood, or providing fishery logistics services; press agencies; and cooperatives dealing in agricultural production services./.

 

Source: VNA

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