Headlines 11/04/2019 10:11 SA

Procedures for declaration of real property registration fee in effect from April 10, 2019

Thanh Lợi

On March 20, 2019, the Ministry of Finance has issued the Decision No. 391/QD-BTC introducing modified and superseded administrative procedures in the taxation sector under the regulatory authority of the Ministry of Finance.

In particular, on February 21, 2019 the Government has promulgated the Decree No. 20/2019/ND-CP amending the Decree No. 140/2016/ND-CP regarding registration fee, including amendments to certain regulations on declaration and payment of real property registration fee.

This means that procedures for declaration of registration fee for real property will also be subject to new regulations enshrined in the Decision No. 391 from April 10, 2019.

In addition, other two administrative procedures will be amended and superseded, including:

- Procedures for declaration of registration fee for fishing vessels, inland watercraft and ocean-going vessels of which the original documentation is insufficient or which are newly built in Vietnam;

- Procedures for declaration of registration fee for other property subject to registration fee payment (except real property, fishing vessels, inland watercraft, ocean-going vessels of which the original documentation is insufficient or which are newly built in Vietnam).

For more details, please read procedures stated in the Decision No. 391/QD-BTC in force from April 10, 2019.

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