Headlines 26/12/2016 15:31 CH

Regulations of business fees and charges in force as of January 01, 2017

Xuân Ngọc

THƯ VIỆN PHÁP LUẬT hereby introduces 04 new prominent regulations on fees and charges on business and commerce in force as of January 01, 2017.

1. Adjustment of fees for disclosure of business registration information

On November 10, 2016, the Ministry of Finance promulgated the Circular No. 215/2016/TT-BTC on the following changes to the fees for disclosure of company information:

- Fee for extraction of information from business registration documents or corporate financial reports: VND 40,000/copy.

- Fee for general reporting of a company: VND 150,000/report.

- Fee for provision of 125 or more copies of company information by account per month: VND 5,000,000/month.

The fee for disclosure of business registration content remains VND 300,000/time.

2. Charge for licensing of foreign businesspersons' establishment of representative offices in Vietnam

Such detail is defined in the Circular No. 143/2016/TT-BTC on the rate, collection and submission of the charge for licensing of the establishment of representative offices of foreign trade promotion organizations and foreign businesspeople in Vietnam.

The said Circular replaces the Circular No. 133/2012/TT-BTC and the Circular No. 187/2012/TT-BTC and combines the stipulations on the following rates of the charge for licensing of the establishment of such organizations:

- Initial license: VND 3,000,000 (three million)/license.

- Re-issuance, amendment, extension: VND 1,500,000 (one million five hundred thousand/license.

The charge for licensing of the establishment of representative offices of foreign trade promotion organizations and foreign businesspeople in Vietnam shall be collected in Vietnam Dong (VND).

3. Fee for karaoke businesses' addition of rooms

Circular No. 212/2016/TT-BTC (dated November 10, 2016) stipulates the following fee, in force as of January 01, 2017, for licensed karaoke businesses' addition of rooms:

- VND 2,000,000/room in central-affiliated cities and provincial cities.

- VND 1,000,000/room in other regions.

4. Fee for assessment and licensing of the sale of medicines and cosmetics

Circular No. 277/2016/TT-BTC (dated November 14, 2016) stipulates the following fees for licensing of the sale, import, endorsement and announcement of pharmaceuticals and cosmetics:

- Fee for endorsement of information or advertisement of medicines or cosmetics is VND 1,800,000/application.

- Fee for licensing of the sale of medicines or medicinal ingredients:

+ Initial registration or re-registration: VND 5,500,000/application;

+ Extension: VND 3,000,000/application;

+ Amendment to medicines or medicine ingredients licensed for sale: VND 1,000,000/application.

- Licensing of the import of finished medicinal products unregistered (except the import of rare medicines or special treatment drugs, etc.): VND 800,000/product.
 
- Licensing of the import of traditional medicine ingredients: VND 200,000/product.

- Announcement of cosmetics or standards of medicinal ingredients: VND 500,000/product.

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